SK Siltron's Social Value Creation Performance Reaches 305.3 Billion KRW Last Year

[Asia Economy Reporter Su-yeon Woo] Semiconductor wafer manufacturing company SK Siltron announced on the 31st that the scale of social value it created throughout last year amounted to 305.3 billion KRW. SK Siltron has been announcing its social value creation performance in terms of economic indirect contribution, business, and social contribution for three consecutive years, and this year, it has also established plans to strengthen ESG management to continuously expand social value.

The social value measured and announced by SK affiliates is broadly divided into three areas: ▲Economic indirect contribution performance (value indirectly contributed to the domestic economy through corporate activities such as employment, dividends, and taxation) ▲Business social performance (social value generated through product/service development, production, and sales including environment, society, and governance) ▲Social contribution social performance (value created through social responsibility programs, volunteer activities by members, and social contribution activities for local communities).

Photo by SK Siltron

SK Siltron's 2020 social value measurement result was 305.3 billion KRW, exceeding the operating profit of 249.4 billion KRW in the same year by more than 20%. Specifically, it was recorded as ▲Economic indirect contribution performance 352.6 billion KRW ▲Business social performance -56.4 billion KRW ▲Social contribution social performance 9.1 billion KRW. While economic indirect contribution performance and business social performance decreased compared to the previous year, social contribution performance increased.

SK Siltron is currently establishing and promoting key target tasks in ESG (environment, social, governance) aspects to continuously expand and produce social value in the future. Among them, it is most active in environmental activities. It is the first in the global wafer industry to obtain Carbon Trust's 'Carbon Footprint' certification for all products and has completed joining RE100. In addition, it plans to acquire external certifications related to climate, soil, and water. At the same time, through its subsidiary SK Siltron CSS, acquired last year, it is actively promoting the development of SiC wafers for high yield, high efficiency, and low power products.

In the social field, as part of the ongoing effort to build a social safety net in Gumi since last year, SK Siltron has been steadily conducting the public-private joint 'On(tak) Project' since January this year, which provides free lunch boxes to elderly and children at risk of food insecurity due to the COVID-19 pandemic. Furthermore, to spread ESG management culture among partner companies, teams composed of members working in various fields plan to support ESG risk management of partner companies. In the governance field, despite being an unlisted company, SK Siltron announced that it will strengthen ESG disclosure by publishing a sustainability management report for external stakeholders starting this year.

Lee Young-seok, Head of ESG Promotion Office at SK Siltron, said, "As an advanced materials company based on manufacturing, we are focusing on eco-friendly processes such as greenhouse gas management and water and soil resource circulation," adding, "We will establish differentiated leadership unique to SK Siltron in ESG areas including environment, society, and governance."

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