SK Square Creates Social Value of 149.8 Billion KRW Last Year

SK Square announced that it created a total social value of 149.8 billion KRW in 2022. This is the first time the company has disclosed its social value creation performance since its launch at the end of 2021.

Specifically, it achieved ▲122.8 billion KRW in social safety performance ▲25.2 billion KRW in economic indirect contribution performance ▲-100 million KRW in environmental performance ▲1.8 billion KRW in social performance.

SK Square Headquarters T Tower Standing Signboard [Photo by SK Square]

The social safety performance reflected the accident prevention results from the T map driving habit service provided by its portfolio company, T map Mobility. T map driving habit is a service that quantifies driving data such as speeding, rapid acceleration, and rapid deceleration on a 100-point scale, and offers drivers a discount on insurance premiums if they exceed the standard score.

The economic indirect contribution performance represents contributions to society through employment, dividends, and taxes, while the environmental performance reflects resource consumption and environmental pollution impacts from water usage, greenhouse gases, and waste. The social performance calculated the social value generated from win-win growth, social contribution, volunteer work, and donation activities.

As a semiconductor and information and communication technology (ICT) investment specialist company, SK Square pursues an ESG (Environmental, Social, and Governance) management vision of "realizing sustainable growth through value investing that considers the future."

For this sustainable growth, it is practicing ▲diversification of investment portfolio and enhancement of corporate value ▲response to climate change ▲strengthening ethical management and fair trade.

Since its launch, it has completed or is pursuing new investments in the semiconductor and ICT sectors, attracting numerous investments from domestic and foreign investment institutions to increase the value of its portfolio companies. It is also reducing carbon emissions through electric vehicle transition and renewable energy purchases, aiming to achieve net zero by 2040.

In addition, SK Square has strengthened ethical management and fair trade by acquiring international standard certifications for anti-corruption management system (ISO 37001) and information security management system (ISO 27001), building trust with domestic and international investors and markets.

SK Square designated 2022 as the inaugural year for establishing its ESG management system and focused on establishing a board-centered governance structure. To ensure responsible ESG management, it formed an ESG committee within the board of directors and transparently discloses various ESG management-related data on its website.

Jung Jae-heon, Head of SK Square Investment Support Center, said, “To realize SK Square’s sustainable growth, we will share investment performance with shareholders and grow together with various stakeholders.”

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