SK Lubricants President: "In the Era of Great Transformation, We Will Become a Company Leading the ESG Era"

[Asia Economy Reporter Hwang Yoon-joo] Cha Gyu-tak, President of SK Lubricants, stated on the 8th, "We will make 2021 the starting point of a major transformation to change SK Lubricants' business structure into an environmentally friendly one."

In his New Year's address for 2021, President Cha said, "We will achieve higher corporate value through ESG (Environmental, Social, and Governance)-focused management."

Last year, not only SK Lubricants but also the refining industry faced substantial difficulties in the oil market, such as a sharp decline in demand for petroleum products and a plunge in oil prices. President Cha emphasized, "It is now difficult to predict even an inch ahead, and it is a time when everyone's efforts are needed to maintain the trust of customers we have built so far," adding, "ESG management, centered on eco-friendliness, is no longer a choice but a survival strategy and a command of the times."

Last year, Cha Gyu-tak declared a new vision called 'Make it Move, Make it Green' to strengthen eco-friendly businesses. This means operating the fundamental role of lubricants, 'Move,' more efficiently to approach 'Green,' and it is expected to lead the eco-friendly lubricant market by reinforcing ESG management.

President Cha also stressed, "We must first clearly recognize that lubricants are an essential industry for society, and SK Lubricants must begin efforts to inform the world that it is a true 'eco-friendly' company leading the ESG era."

In this regard, SK Lubricants has made various efforts to transform its entire business into an eco-friendly focus, not just supplying base oils and lubricants. They produce 'SK ZIC ZERO,' a high-performance ultra-low viscosity eco-friendly lubricant product that contributes to reducing carbon emissions, and are also developing lubricants exclusively for electric vehicles. Recently, they introduced eco-friendly containers made from a single material recycled from waste plastic, which are easy to separate and dispose of, sharing this with the lubricant industry to create an eco-friendly future.

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