SKC Wins 'Carbon Management Special Award' at CDP Korea Awards

[Image source=Yonhap News]

[Asia Economy Reporter Oh Hyung-gil] SKC announced that it received the Carbon Management Special Award at the '2021 CDP Korea Awards,' hosted by the CDP Korea Committee, a global ESG (Environmental, Social, and Governance) initiative.

SKC, which participated in the CDP evaluation for the first time last year, earned a B grade in both the climate change and water categories, recognizing its efforts in carbon management. This result places SKC in the top 10% for climate change and top 5% for water among 340 domestic participating companies.

To actively respond to climate change, SKC has voluntarily participated in the greenhouse gas target management system since 2012. Last year, it established the goals of '2040 Greenhouse Gas Net Zero' and '2030 Plastic Net Zero,' and is now fully linking its greenhouse gas reduction targets with business model innovation.

After acquiring the copper foil business for electric vehicle batteries in 2020, SKC plans to expand production capacity to 250,000 tons by 2025, making it the largest in the world. It has also launched a silicon anode material business to improve electric vehicle driving range and battery charging speed performance, and has developed and commercialized the world's first high-performance low-power semiconductor glass substrate. Additionally, it is expanding its biodegradable material business, including PBAT and biodegradable Limeks, to reduce plastic usage.

SK Nexilis, the copper foil business investor, plans to fully implement RE100 by using 100% renewable energy at its copper foil factory under construction in Malaysia since July last year and at the copper foil factory to be started this year in Poland.

An SKC official stated, "We have also received a better BB rating in MSCI's ESG evaluation last year compared to the previous year, reflecting positive assessments," and added, "We will pursue ESG management such as reducing greenhouse gases and decreasing waste plastics to achieve sustainable growth."

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