Double Bottom Line
Pursuing social value rooted in management for happiness based on
human-centered management philosophy
SK innovation will set the benchmark for improvement by measuring the SV and strengthen the innovation of
business models.Through these efforts, the entire society, including the front and rear sides of the business
ecosystem,can promote the expansion of social value, helping create true social value in the end.
Purpose of DBL measurement
Because of the nature of its business, SK innovation recognizes that there are structural constraints that the environmental impact increases along with business growth. Thus, SK innovation has been striving to resolve environmental problems from systematic and structural perspectives. SK innovation will pursue Green Balance in which negative environmental impacts can be offset by positive ones, helping secure a driving force for sustainable
growth and maximize the DBL.
SK innovation DBL performance
In 2020, SK innovation reached KRW 748.4 billion in terms of performance through indirect economic contribution,
KRW -1.0010 trillion in terms of social performance through business, and KRW 37.4 billion in terms of
social performance through social contribution.
SK innovation aims to set the benchmark for improvement, rather than focusing on the scale of results, through DBL measurement.
In particular, we plan to identify the areas and scale of the positive (+) and negative (-) impacts for individual subsidiaries and sub-sectors, and then set and manage objectives both to expand positive impacts and improve negative ones.
In addition, we will enhance corporate sustainability by determining social problems related to business through social value improvement activities and utilizing the activities as opportunities for innovating business models.
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