Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) soon ki Lee Journalist = SK Innovation announced that it had achieved minus 219.2 billion won, down 390.8 billion won from 171.7 billion won recorded in 2019, as a result of measuring social value(SV) created in 2020.

The main items of three areas are ▲business social performance covering eco-friendly products and services, labor, shared growth, and the environment ▲social performance measuring social contribution, donation, and volunteer activities ▲economic indirect contribution performance that evaluates employment, dividends, and tax payment.

Although the total amount of social value created by SK innovation in 2020 decreased, ▲environmental pollution emission reduction ▲employment ▲social contribution activities and ▲product/service performance to solve social problems improved.

SK Innovation said, “In the future, we will rapidly expand the proportion of eco-friendly businesses such as battery/materials businesses, and increase social value performance by shifting the existing petrochemical/chemical businesses to a low-carbon one.”

“The negative social value in 2020 is directly caused by the deterioration of business performance due to COVID-19, but we are able to confirm once again that fundamental innovation of the business model through Green Balance 2030 is urgent,” said Kim Joon, COO, “We will rapidly shift SK innovation’s portfolio to Green Energy and Materials and accelerate ESG management to dramatically increase social value performance in 2021.”

NSP News Agency soon ki Lee Journalist s8789@nspna.com
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