SKC

Sustainable Management

SKC Double Bottom Line

Management Philosophy: DBL(Double Bottom Line) Management

SKC is driven by DBL(Double Bottom Line) management, a value pursued by SK Group. SK Group's DBL Management is SK's fundamental management principle aiming to grow together with the society by creating not only economic value but increasing social value throughout all business activities. In accordance with this principle of DBL management, SKC places social value creation as the core of its new management strategy to have full support from members of society, grow together with them maximizing stakeholder happiness.

SKC's Principles for Implementing Social Value

As a Global ESG material solutions company, create social value together in eco-friendly, energy efficiency, and resource saving.

Activities designed to pursue social value

Open Platform for New Mateirals Technology

In 2017, SKC established the Open Platform for New Materials Technology through agreements with agencies exhibiting excellent capabilities including government, academic institutions, and consulting companies. The platform is composed of participating agencies and companies(start-ups, venture companies, and small and medium enterprises), and companies and agencies that display excellent capabilities are selected to participate through the annual 'Startup Plus' contest and through agency recommendations. Participating agencies and companies in the platform mutually cooperate on technological R&D and share capabilities and competencies, such as business infrastructure, depending on requirements.

SKC Startup Plus Season 5 Award Ceremony

Participating in global ESG initiatives and partnerships

SKC is joining global initiatives and reinforcing SKC-led partnership both at home and abroad to address key environmental issues including greenhouse gas and plastics. SKC has set a goal to expand its participation in initiatives and partnerships to deal with climate change and resolve plastic issues within the industry by 2025. To achieve this goal, SKC plans to participate in at least one initiative or engage in at least one business-to-business partnership a year.

History of ESG partnership, 2019, 2020, 2021, 2022
	History of ESG partnership
2019	The first company in South Korea to join the AEPW (Alliance to End Plastic Waste)
2020	Joined the RE100 initiative Became a partner sponsor of the Georgia Recycling Coalition
2021	Signed an MOU with Eastman, U.S. on patent licensing of SKC’s ecolabel and the creation of an eco-friendly plastic ecosystem
2022	Signed an ‘Agreement for solving plastic issues and disseminating an eco-friendly culture’ with the Korea Chamber of Commerce, Climate Change Center and Montenum (social venture company) Signed an ‘MOU for building a sustainable resource circulation system and disseminating an eco-friendly culture’ with Black Yak, an eco-friendly consumer goods company.

First Korean Company to Join the Global Alliance to End Plastic Waste

In July 2019, SKC became the first Korean company to join the Alliance to End Plastic Waste(AEPW) along with BASF, The Dow Chemical Company, P&G, and PepsiCo.
Members of the AEPW are bound by the goals of developing plastic waste management infrastructure and recycling technologies, encouraging government, corporate and community participation, and reducing plastic waste discharged in the sea.
As a member of the AEPW, SKC will continue to make efforts to reduce plastic use and develop technologies that enhance the reuse and recycling of plastic. Moreover, the company plans to pursue various methods in order to reduce plastic waste through cooperation with numerous global enterprises.

The AEPW general meeting in Houston, US in February 2020