SK Innovation Receives A+ Grade in KCGS ESG Evaluation... Maintains Top Rating for 2 Consecutive Years

Received A+ Grade Again Last Year
Top 0.7% Among Domestic Listed Companies

SK Innovation ranked in the top 0.7% for the second consecutive year by receiving an A+ grade in the comprehensive ESG (Environmental, Social, and Governance) evaluation conducted for publicly listed companies in South Korea.

On the 29th, SK Innovation announced that it received an 'A+' grade in the 2024 ESG comprehensive evaluation conducted by the Korea Corporate Governance Service (KCGS), a leading ESG evaluation institution in Korea. Since 2011, KCGS has been assessing the sustainability management levels of publicly listed companies in Korea through annual ESG evaluations.

Among the 794 companies listed on the Korea Stock Exchange subject to this year's evaluation, 20 companies received an A+ grade, and among them, six companies, including SK Innovation, received an A+ grade for two consecutive years. This corresponds to the top 0.7% of all evaluated companies. Additionally, SK IE Technology, one of SK Innovation’s affiliates, maintained an A grade for two consecutive years.

SK Innovation explained that its proactive response to domestic and global ESG disclosure mandates and transparent disclosure of ESG implementation performance to strengthen communication with stakeholders contributed to maintaining the A+ grade for two consecutive years. This year, SK Innovation maintained an A+ grade in the Social and Governance areas, continuing from last year, and maintained an A grade in the Environmental area.

Since 2022, SK Innovation has been building an ESG data platform to systematically manage and transparently disclose related data. As a result, it received positive evaluations in detailed disclosures such as ▲ plans and effectiveness of reducing/replacing hazardous chemicals ▲ implementation of major safety and health risks and management activities ▲ supply chain sustainability management policies.

This year, SK Innovation proactively conducted biodiversity assessments in the environmental area to establish a foundation for biodiversity management processes, and in the social area, it focused on ESG management activities promoting mutual growth by fostering and supporting ESG management capabilities of partner companies through contributions to win-win cooperation funds.

The ESG management performance of SK Innovation affiliates, including SK IE Technology, is recognized not only domestically but also internationally. In July, SK Innovation achieved an AA grade, one level higher than the previous year, in the '2024 MSCI ESG Ratings' announced by Morgan Stanley Capital International (MSCI), a global ESG evaluation institution. From the AA grade, companies are considered leaders in ESG management, and during the same period, SK IE Technology also received an AA grade in the MSCI ESG evaluation.

An SK Innovation official stated, "We will continue to proactively respond to domestic and global ESG disclosure mandates and maintain stakeholders’ trust by transparently disclosing more systematic ESG management implementation results, including biodiversity."

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