• The third edition
  since 2020···
  incorporating the financial group’s feedback and upgrading content
  with greater non-financial data disclosure

• Setting an
  interim target for Net-Zero 2040 ··· vowing to reduce GHG emissions
  by 2030

• Deploying
  a stakeholder-centric online data disclosure system containing ESG policy book.
  ··· shifting to constant update release arrangement

• Creating
  533.6B won worth of social value, 10.1% up from the previous year··· with
  commitment to more valuable and sustainable growth

   

SKC (CEO & President
Woncheol Park) published its Sustainability Report 2022, reaffirming its
commitment to fostering more valuable and sustainable growth. Published twice
until now, this year’s sustainability report presents innovations achieved to
date, its future vision and SKC’s endeavor to materialize this vision. At the
same time, the report underscores SKC’s commitment to transparency in ESG
(environment, society & governance) practices, as illustrated by
non-financial data disclosures that increased more than two-fold from the
previous year and greater focus on online data disclosure.

To this effect, SKC
published a sustainability report on the 27^th and posted it on its
website. SKC adopted the double materiality assessment before the mandatory
enforcement slated for next year. The assessment is intended to _ eval_uate
subjects that are financially material in business value as well as material to
ESG issues. SKC mandated its financial group to identify ESG issues and _ document_
their influence on the environment and society in this year’s sustainability
report.

To be more
specific, SKC presented in the financial story section achievements resulting
from deep changes implemented from 2016 and performance highlights of
rechargeable battery, semiconductor, and eco-friendly material businesses
defined by the company as the top-three growth pillars, unveiling governance
innovation and global growth strategies.

In particular,
this year’s report suggests an interim target on the way to 2040 Net-Zero
fulfillment. The target is to reduce greenhouse gas emissions by 42% from the
2020 level by 2030. And even beyond, SKC plans to develop a strategy to further
reduce carbon footprints in every step of its supply chain from raw material procurement
to waste disposal.

SKC’s
sustainability report for this year is far more informative than last year’s. The
number of data disclosures has jumped over two-fold to 290 from the previous
year’s 130. Social values _ create_d and measured last year were presented, with
specific details of estimation methodology. SKC
_ create_d 533.6 billion won worth of social value in the last year alone, 10.1%
up from the previous year.

Furthermore, SKC has adopted a constant updating
approach to promptly inform stakeholders of its ESG management status. An ESG
policy book to help readers view SKC’s ESG policies at a glance will be
uploaded to the company’s website, and an online service that can remind
stakeholders of ESG data updates in real time will be also rolled out.

“SKC will remain committed to sustainable growth
and it is poised to boldly redefine its identity as a global ESG-compliant
solution provider,’ said an official at SKC. “The sustainability report 2022
contains our pledge delivered to stakeholders for more transparent and integral
ESG management practices that will unlock the key to more valuable growth.” [End]

[SKC Sustainability Report 2022
Cover]