SK Gas Establishes ESG and Personnel Committee... Strengthening Board-Centered Management

[Asia Economy Reporter Hwang Yoon-joo] SK Gas is strengthening board-centered management.

On the 28th, SK Gas held a board meeting and resolved to establish the 'ESG Committee' and the 'Personnel Committee,' announcing that it will improve corporate governance centered on the board of directors.

The ESG Committee is an organization established to enhance the expertise and functions of the board of directors in major company decision-making. SK Gas created the ESG Committee to strategically respond to changes in the management environment related to Environment, Social, and Governance. Unlike the past when companies were evaluated solely on financial performance, ESG management, which incorporates non-financial factors such as environment, society, and governance into business activities, is a management practice that increases corporate value in the long term.

Going forward, decisions on SK Gas's management strategies, major investments, and ESG promotion plans will be reviewed and deliberated by the ESG Committee.

The Personnel Committee reviews CEO candidates before submitting them to the board and shareholders' meeting, recommends the final candidate, evaluates inside directors and key executives before the board's resolution, and deliberates individual compensation amounts within the limits approved at the shareholders' meeting, playing a role in reviewing major personnel matters of executives.

An SK Gas official stated, "Globally, ESG management has become a global standard for corporate strategic survival and social sustainability." He added, "Through this board reorganization, SK Gas will establish a more professional and strategic decision-making system, strengthen board-centered management, and practice ESG management."

With the establishment of these two committees, SK Gas now operates a total of four committees under the board, including the Audit Committee and the Outside Director Candidate Recommendation Committee, and abolished the existing 'Sustainable Management Committee' as its functions overlapped with those of the ESG Committee.

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