"ESG as a Launchpad for Growth"… SK Gas Fully Advances ESG Master Plan

Pursuing Sustainable Growth Through Innovation in Business Portfolio

[Asia Economy Reporter Hwang Yoon-joo] SK Gas has established an ESG (Environmental, Social, and Governance) Master Plan and plans to focus all its capabilities to become a global ESG leading company.

SK Gas announced on the 23rd that it has completed reporting the 'ESG Master Plan' containing these details to the ESG Committee within the board of directors.

The ESG Master Plan is a mid- to long-term comprehensive plan established to achieve SK Gas's 'Financial Story' and strengthen ESG management, and it serves as the management philosophy forming the foundation of corporate management. Based on the 'ESG Master Plan,' SK Gas's strategy is to pursue sustainable growth by capturing two goals: the 'Financial Story' and 'strengthening ESG management.'

SK Gas's ESG Master Plan is largely composed of the 'Business Portfolio Innovation Plan' to become a Net Zero Solution Provider and the 'ESG Sector-Specific Key Task Promotion Plan,' including the carbon neutrality implementation plan and the Safety, Health, and Environment (SHE) Master Plan.

First, through the 'Business Portfolio Innovation Plan,' SK Gas will not only play a bridging role in the transition to a hydrogen economy but also emerge as a 'leader in the hydrogen economy.' Based on the Ulsan Hydrogen Complex, starting in 2025, it will actively engage in zero carbon solution businesses, serving as a catalyst for the hydrogen economy while linking with low carbon businesses such as LPG and LNG.

In addition to business innovation, ESG management will also be strengthened. The key task in the E (Environment) sector is the implementation of Net Zero (carbon neutrality). Through this ESG Master Plan, SK Gas has established a plan to achieve net zero by 2035.

In the S (Social) sector, SK Gas plans to pursue coexistence with stakeholders through the fulfillment of social responsibilities. By establishing and executing the SHE Master Plan, it will enhance the health of its members, improve safety at workplaces and partner companies, further advance the SHE management system, and actively pursue coexistence with local communities through various social contribution activities.

In the G (Governance) sector, the goal is to strengthen board-centered management and implement world-class transparent management. SK Gas plans to increase the ratio of female directors, enhance the diversity and expertise of the board by appointing industry-specialized outside directors, and establish an integrated risk management system led by the board and CEO.

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