SK Innovation E&S

ENG

ESG Management

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  • Sustainability
  • ESG Management
SK Innovation E&S is making utmost efforts to increase the value of
E (Environment), S (Social), and G (Governance) to secure corporate sustainability.
ENVIRONMENT Building a differentiated green portfolio
  • Renewable energy

    Global renewable energy player
    (with 7 GW pipelines)

  • Hydrogen

    Becoming the top global hydrogen operator based on new technologies

  • Energy solutions

    Growing into a global total energy solutions provider

  • LNG Value Chain

    Producing and supplying low-carbon LNG
    and transitioning to eco-friendly business models

  • City gas

    Securing growth engines through customer networks (connecting with new businesses such as energy solutions)

SOCIAL Expanding our unique social value models
  • Customer

    Promoting “zero” product-service safety and information security issues

  • Member

    Achieving coevolution with our employees (corporate growth and employee satisfaction)

  • Business partner

    Establishing a sustainable mutual growth system (economic growth and ESG management)

  • Local community

    Realizing local regeneration and building a social safety net by expanding the social value models

GOVERNANCE Securing premium governance by
improving external reliability
  • Governance

    Establishing the management based on the board of directors by strengthening independence, professionalism, and transparency

  • Management System

    Building a management system for improving ESG value and strengthening the executive ability of new businesses (evaluation, compensation, ESG management system, etc.)

  • Stakeholder communication

    Building and operating a communication system customized for each stakeholder
    (customers, employees, investors, business partners, local communities)

Promotion of Net Zero

SK Innovation E&S plans to sincerely promote Net Zero by checking
and updating our promotion status every year.

  • What is SK Innovation E&S’s goal for reducing greenhouse gas emissions?

    SK Innovation E&S aims to achieve “2040 Net Zero,” which involves decreasing greenhouse gas emissions from Scope 1 and 2 to zero by 2040.
    • Business As Usual (BAU): Total amount of greenhouse gases expected to be emitted if no action is taken to reduce them
    • Scope 1 :   Greenhouse gases directly emitted during business activities
    • Scope 2 :   Greenhouse gases indirectly emitted when companies purchase energy sources during business activities
  • Reduction road map (Scope 1**+2***, BAU standard*) (Unit: 10,000 t CO2e) Reduction by 7.54 million t, which is 55% of the BAU standard

What does SK Innovation E&S do to decrease greenhouse
gas emissions?

There are two ways to reduce greenhouse gas emissions: “direct reduction” that directly decreases the gases emitted from business sites and “indirect reduction” that uses the credits externally secured through various projects and efforts. SK Innovation E&S plans to prioritize the direct reduction of greenhouse gas emissions using CCUS technology, transitioning to clean fuel, and using renewable energy. In addition, we plan to reduce the emissions remaining after direct reduction by securing certified emission reduction (CER) through global CDM* projects and large-scale afforestation projects.
What does SK Innovation E&S do to decrease greenhouse gas emissions?
Reduction Plan Description Application of the major reduction plan
Direct
reduction		 CCUS CCS
-Capture, transport, and store CO2 generated from a source
CCU
-Capture, transport and utilization CO2 generated from a source
 Apply to CCS in an LNG plant
Apply to CCS·CCU in the blue
hydrogen production process
Fuel transition Transition to noncarbon fuel
- Fuel used in power plants and workplaces, etc.
Transit the energy of power plants
and fuel cells to hydrogen
Transit natural gas (NG) used in
workplaces to electricity
Renewable
energy 		Renewable energy
-Solar PV power generation by using sites within company campuses and direct PPA
Use of solar energy generation, etc.
in city gas companies
Indirect
reduction 		Offset Offset greenhouse gas emissions, which are difficult to directly reduce, by securing various certified emission reductions (CERs), etc. Generate carbon credits through
global CDMs including
development of renewable energy in developing
counties and forestation projects
  • Clean Development Mechanism (CDM)
    : This system recognizes the reduction of greenhouse gas emissions by advanced nations, which includes those from projects invested in and performed in developing nations.