[New Year's Message] Ahn Jae-hyun, President of SK Construction, "We will transform into an ESG-leading eco-friendly company"

Ahn Jae-hyun, President of SK Construction

[Asia Economy Reporter Lee Chun-hee] Ahn Jae-hyun, President of SK Engineering & Construction, announced a 're-positioning' as an eco-friendly company leading Environmental, Social, and Governance (ESG) management as the new year management policy.

In his New Year's address on the 4th, President Ahn stated, "In 2021, we aim to take a step further and make this year one of re-positioning as an eco-friendly company leading ESG," setting tasks for this year including portfolio transformation centered on environmental business, full-scale ESG management, and strengthening OTO (One Team Operation).

He evaluated last year as the "first year of happy management," promoting member-participatory management and the introduction of smart work, while simultaneously "actively advancing eco-friendly and new energy businesses and strengthening ESG management." Last year, SK Engineering & Construction acquired EMC Holdings, the largest comprehensive environmental platform company in Korea, and completed the Bloom SK Fuel Cell solid oxide fuel cell (SOFC) plant in Gumi, Gyeongbuk, initiating the localization of SOFC.

This year, President Ahn expressed his ambition to further advance ESG management. He said, "Based on EMC Holdings, we will promote various projects combining technology and finance through OTO with multiple affiliates and business partners," and also presented plans to launch a hydrogen business task force.

He emphasized that "the basic prerequisite of ESG is safety," highlighting the strengthening of a safety platform that collaborates between headquarters and field sites. Along with this, he conveyed plans to promote transparency in corporate management.

Finally, emphasizing collaboration through OTO, President Ahn reiterated, "Let's break the mold of the construction industry and create a new leap forward together to become a national representative eco-friendly company."

The following is a summary of President Ahn's New Year's address.

We declared 2020 as the "first year of happy management" and practiced member-participatory management to create a company where all members are happy. We expanded communication with members, established a Happiness Committee, and reflected various agendas discussed through four subcommittees in actual management. Despite the COVID-19 pandemic, we proactively responded to the crisis with members, introduced the Smart Work system, and innovated work methods by utilizing Digital Transformation (DT) technologies in our tasks.

Additionally, aiming to change our business model (BM), we actively promoted eco-friendly and new energy businesses that can create both economic value (EV) and social value (SV), strengthening ESG (Environmental, Social, Governance) management. We acquired EMC Holdings, the largest comprehensive environmental platform company in Korea, and completed the Bloom SK Fuel Cell manufacturing plant in Gumi, Gyeongbuk, successfully initiating the localization of the world's highest-performance eco-friendly fuel cells.

In 2021, we intend to take a step further and make this year one of re-positioning as an eco-friendly company leading ESG. ESG is a demand of the times and a new axis of corporate management to enhance corporate value.

First, we will shift our portfolio centered on environmental business. Based on EMC Holdings, we will promote various projects combining technology and finance through OTO (One Team Operation) with multiple affiliates and business partners. We will also launch a hydrogen business task force, utilizing the fuel cell business as an anchor to move toward a hydrogen society and seek opportunities to enter the global market.

We will successfully complete ongoing domestic and international projects. To this end, we will focus all capabilities on improving productivity and managing risks through Smart Construction, including DT, standardization, and modularization.

We will fully implement ESG management. Since safety is the basic prerequisite of ESG, we will strengthen the Safety Platform that collaborates between headquarters and field sites and plan to commercialize related businesses. We will also advance the SV management system and continuously secure transparency in corporate management.

Finally, I believe that OTO (One Team Operation) is the most necessary factor in the upcoming new normal era. To overcome increasingly complex internal and external environments, we must strengthen collaboration with technology companies, finance, and global partners. Members, let us break the mold of the construction industry and create a new leap forward together to become a national representative eco-friendly company.

This content was produced with the assistance of AI translation services.