SK Hynix Develops ESG Strategy Framework 'PRISM'

[Asia Economy Reporter Park Sun-mi] SK Hynix announced on the 29th that it has developed an ESG (Environmental, Social, Governance) strategy framework called ‘PRISM,’ which contains detailed goals related to ESG activities. PRISM is an acronym that condenses the core messages SK Hynix pursues into five letters (P, R, I, S, M).

The main goal of ‘P’ is to create a cumulative social value of 1 trillion KRW by 2030 through social contribution activities. Additionally, to strengthen diversity in governance, one pillar of ESG, SK Hynix plans to increase the ratio of gender and nationality diversity to 30% and reduce the integrated accident rate by 10% to create a safe and healthy workplace.

‘R’ includes goals related to eco-friendly projects. SK Hynix plans to maintain direct and indirect carbon emissions at the 2020 level and achieve a 33% usage rate of renewable energy. Under ‘I,’ the company aims to reduce process gas emissions used in SK Hynix’s manufacturing processes by 40%, achieve 95% scrubber treatment efficiency, and double the energy efficiency of HBM (High Bandwidth Memory) products.

‘S’ contains the goal of accumulating 3 trillion KRW in investment for win-win growth technology cooperation with partner companies. Furthermore, ‘M’ includes plans to triple the ratio of female executives and increase the ratio of female team leaders to 10%. To develop employee capabilities, SK Hynix will also establish an environment and system for more than 200 hours of self-development training annually.

Shin Gwan-ik, TL at SK Hynix, said, “PRISM is a framework created to effectively communicate with stakeholders about the direction SK Hynix will take in ESG management,” adding, “Through PRISM, we will execute plans in each ESG area more systematically and lead smoother communication with stakeholders.”

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