- SK chemicals received excellent evaluation results for its environmental policies, specifically on converting its business portfolio to focus on eco-friendly materials
- Having begun its ESG management this year, the company will push to achieve the mid-to-long-term vision “2030 We Care for the Future”
SK chemicals was recognized for the first time in a sustainability evaluation index with global credibility.
SK chemicals (CEO: Jeon Kwang-hyun) announced on the 17th that the company was included in the 2021 Dow Jones Sustainability Index Korea (DJSI Korea) as reported by the Korea Productivity Center. SK chemicals participated in the DJSI evaluation for the first time this year and was rated for its level of sustainability management and sustainability in economic, environmental, and social aspects. SK chemicals is the only chemical company in Korea to be included in the DJSI Korea Index for the first time this year. SK chemicals cited its ESG (environmental, social, and governance) strengthening activities as the reason for its inclusion in the DJSI Korea Index. In particular, the company’s portfolio conversion centered on eco-friendly materials and efforts to reduce carbon dioxide levels in combating climate change received excellent evaluations.
DJSI is an index created by Dow Jones and RobecoSAM, a global sustainability evaluation company, that annually evaluates the impact of the top 2,500 companies by global market capitalization on the economy, environment, and society. The indices consist of the DJSI World Index, DJSI Asia/Pacific Index, and DJSI Korea Index that specifically rates top Korean companies. They comprehensively evaluate the company's financial information and non-financial aspects such as corporate governance, environmental management, ethical management, and social contributions.
DJSI Korea evaluates and analyzes the sustainability of the 200 largest companies in Korea based on market capitalization and creates an index of the top 30% of companies by industry. In this year's DJSI Korea, 43 companies (21.2%) were included in the evaluation of the top 203 companies based on market capitalization. A total of 4 companies, including SK chemicals, were included for the first time.
An SK chemicals official said, “In the rapidly changing business environment, the importance of sustainability evaluation is emerging as an important means of predicting the future of the company,” and “Taking 2021 as the first year of ESG management, we will continue our commitment to grow through sustainable management.” Meanwhile, SK chemicals’ Sustainability Report 2020, issued in July, won a gold prize in the chemistry sector at the 2020 LACP Vision Awards. SK chemicals has been publishing sustainability reports yearly since 2010 to transparently disclose the company's commitment to sustainable management and performance to its stakeholders, including customers. In the report, the company elaborated on its ESG management strategies and specified its areas of focus and ESG goals for 2030.