SK Chemicals announced on September 30 that it has received the highest rating of AAA in the Environmental, Social, and Governance (ESG) assessment by Morgan Stanley Capital International (MSCI). Among domestic companies classified in the chemical industry (Commodity & Diversified Chemicals), SK Chemicals is the only firm to achieve the AAA rating.
AAA is the highest of seven ratings in the MSCI ESG assessment. The MSCI ESG evaluation system compares and assesses companies' capabilities in managing key environmental, social, and governance risks and opportunities against their global peers. It serves as a key indicator for global institutional investors and asset managers analyzing corporate sustainability and investment risks.
The company believes that its focus on key environmental initiatives, such as promoting decarbonization programs, implementing an environmental management system, and managing water stress, positively contributed to achieving the AAA rating. SK Chemicals is advancing its transition to a decarbonized industry through a long-term carbon reduction roadmap that includes expanding the use of renewable energy and transitioning to low-carbon fuels.
The company has also established a process to regularly assess environmental risks based on the ISO 14001 international environmental management system across all its operations. In the area of water resources, it has analyzed the risks associated with water usage at its facilities and set goals for reducing consumption.
To build a transparent and accountable decision-making system, the company operates a governance structure centered on its board of directors, continuously enhancing the board's expertise and independence.
An Jae-hyun, CEO of SK Chemicals, stated, "ESG has become an essential competitive factor that goes beyond declarative activities contributing to the environment and society, evaluating the impact of management activities on society and enhancing corporate trust and transparency. We will proactively strengthen our management systems to align with the increasingly sophisticated evaluation criteria and expectations, further enhancing our ESG capabilities in environmental, social, and governance areas."
SK Chemicals, established in 1994, is a specialized chemical company focused on producing household chemicals, industrial materials, and battery materials.
AAA is the highest of seven ratings in the MSCI ESG assessment. The MSCI ESG evaluation system compares and assesses companies' capabilities in managing key environmental, social, and governance risks and opportunities against their global peers. It serves as a key indicator for global institutional investors and asset managers analyzing corporate sustainability and investment risks.
The company believes that its focus on key environmental initiatives, such as promoting decarbonization programs, implementing an environmental management system, and managing water stress, positively contributed to achieving the AAA rating. SK Chemicals is advancing its transition to a decarbonized industry through a long-term carbon reduction roadmap that includes expanding the use of renewable energy and transitioning to low-carbon fuels.
The company has also established a process to regularly assess environmental risks based on the ISO 14001 international environmental management system across all its operations. In the area of water resources, it has analyzed the risks associated with water usage at its facilities and set goals for reducing consumption.
To build a transparent and accountable decision-making system, the company operates a governance structure centered on its board of directors, continuously enhancing the board's expertise and independence.
An Jae-hyun, CEO of SK Chemicals, stated, "ESG has become an essential competitive factor that goes beyond declarative activities contributing to the environment and society, evaluating the impact of management activities on society and enhancing corporate trust and transparency. We will proactively strengthen our management systems to align with the increasingly sophisticated evaluation criteria and expectations, further enhancing our ESG capabilities in environmental, social, and governance areas."
SK Chemicals, established in 1994, is a specialized chemical company focused on producing household chemicals, industrial materials, and battery materials.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.