SK Construction Lays Foundation to Strengthen ESG Management Including Eco-Friendly Business

Ahn Jae-hyun, President of SK Construction

[Asia Economy Reporter Lim On-yu] SK Engineering & Construction has laid the foundation to strengthen ESG (Environmental, Social, and Governance) management.

On the 26th, SK Engineering & Construction held its 59th regular shareholders' meeting at the Gwanhun Building in Jongno-gu, Seoul, where it announced on the 27th that it had established an 'ESG Committee' and approved partial amendments to its articles of incorporation, including adding eco-friendly related businesses to its corporate objectives.

To enhance ESG-related decision-making and management strategies, SK Engineering & Construction established an ESG Committee under the board of directors. At the same time, as a measure to ensure transparent execution of duties by the board, the company codified a 'Governance Charter' in its articles of incorporation, aiming to innovate the governance (G) aspect of ESG.

The Governance Charter will include specific action plans for the board to establish sound corporate governance and advance management practices. Accordingly, the board will perform its duties in accordance with the authority and responsibilities granted by relevant laws and the Governance Charter.

To expand its business portfolio, 17 new corporate objectives were added to the articles of incorporation. Notably, several environment-related businesses were included, such as ▲design and construction of sewage treatment facilities ▲waste collection, sorting, incineration, and landfill businesses ▲carbon capture, storage, and utilization businesses ▲resource recycling and trading of recovered resources, signaling the full-scale launch of eco-friendly businesses.

The agenda items addressed at the meeting included ▲approval of the financial statements for the 59th fiscal year ▲amendments to the articles of incorporation ▲appointment of directors ▲approval of the limit on directors' remuneration. All proposals were passed as originally proposed, and Park Kyung-il, Head of Business Operations, was newly appointed as an inside director.

An SK Engineering & Construction official stated, “This shareholders' meeting laid the groundwork for entering new businesses such as eco-friendly sectors. Through the ESG Committee and Governance Charter, we plan to strengthen a transparent management system and lead ESG management.”

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