- Achieved a high score in “a message to stakeholders,” “access to information” and other areas in the 2020 Sustainability Report issued in July
- The company aims to achieve “Net-Zero by 2050” through converting entirely to eco-friendly plastics and reducing greenhouse gas by 50%, by year 2030
SK chemicals (CEO: Jeon Kwang-hyun) announced on the 15th that their Sustainability Report, issued in July, won a gold prize at the 2020 LACP Vision Awards.
LACP Vision Awards have been awarded since 2002 by the League of American Communications Professionals (LACP), a global PR and marketing research organization. The LACP Vision Awards are world-renowned, global awards that evaluate sustainability reports, annual reports, and social contribution reports of Fortune 500 companies, government agencies, and non-profit organizations. Every year, over 1,000 reports from 20 countries worldwide are submitted to the fierce competition.
In the contest, SK chemicals' 2020 Sustainability Report won the gold prize in the chemical sector. The report was named in the Asia-Pacific Region’s Top 80 (TOP 80) and received the highest score in 6 evaluation categories out of 8, including first impression, cover design, a message to stakeholders, description capabilities, financial reporting, creativity of message and access to information. In addition, it was simultaneously selected as one of South Korea's Top 20 Reports and received the Technical Achievement Award.
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 this report, the company elaborated its ESG management strategies and specified its focus areas and ESG goals for 2030. The company also organized the qualitative content and quantitative data with a focus on ESG issues to improve readability.
Park Jong-hyun, director of management support of SK chemicals, said, “As the first step toward becoming a global leading company that provides eco-friendly materials and total healthcare solutions, we will set 2021 as the 1st year of ESG management and be reborn as a leading company in sustainable management”.
# Photo description: 2020 Vision awards
Meanwhile, SK chemicals, which declared this year as the 1st year of ESG management, set goals for ▲ reorganizing its business portfolio to be bio∙eco-friendly by 2030 ▲ reducing greenhouse gas emissions by 50%, and ▲ achieving net-zero emissions by 2050 in the sustainability report published in July.