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Materiality Assessment

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ESG
Materiality Assessment

Materiality Assessment

Declare the pursuit of social value as a core business strategy and reflect the diverse needs of stakeholders

Materiality Assessment Process

As a policy, the needs of stakeholders are identified through a survey in the first quarter of every year. The survey consists of simple materiality survey questions and expert group strategic/financial impact questions.

  • STEP 01.

    Internal and External Environment Analysis

    International Standards Analysis
    ISO 2600
    GRI Standards
    UN SDGs
    KCGS/MSCI/DJSI
    SASB
    Media Analysis
    Internal Materials Review
    2022 Management Plan
    ESG Masterplan
    CEO letter

  • STEP 02.

    . Identifying Issues and Defining a Pool of Issues

    Defining a pool of 30 material topics reflecting international standards and industry characteristics
    4 issues on customers (consumers)
    6 issues on the environment
    5 issues on governance
    7 issues on fair operation practices
    3 issues on labor practices (employees)
    3 issues on community engagement and development
    2 issues on human rights

  • STEP 03.

    Materiality Assessment

    Social Impact 1
    (Stakeholder needs and impact on stakeholder by issue)
    Business Impact 2
    (Impact on business by issue)

  • STEP 04.

    Identifying Key Issues

    Prioritizing Key Issues
    ESG Committee Review
    Aligning to Corporate Management Strategy

Materiality Assessment Result

Influence on Stakeholders

지속가능 경영 분포도

Business Impact on SK chemicals