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Disclosing ESG information transparently in accordance with international standards.

Global Partnership

For sustainable management, SK Networks plans to join global initiatives through appropriateness evaluations in terms of urgency, business relevance, and market impact.

Global Partnership 표 입니다. 이 표는 년도, 내용으로 구성되어 있습니다.
Year Description
  • 1) Made a plan to join selected global initiatives through adequacy assessment
  • 2) Joined selected major global initiatives: achieved ZWTL validation(Walkerhill Hotel) and Joined (K-)EV100.
  • 1) Target for the ZWTL certification were enhanced (acquisition of certification → acquisition of higher level)
    • - ZWTL Gold level was obtained by SK Magic, the ZWTL certification was maintained by Walkerhill
  • 2) Additional subscriptions to major global initiatives were completed: UNGC, SBTi, K-RE100
  • * Declaration of support for TCFD
2023 ~ 2026
  • 1) ZWTL certification level upgrade
    • - Annual target were set to achieve an upgraded level of ZWTL certification for Walkerhill.
    • - SK Magic aims to upgrade certification grade (Gold → Platinum)
  • 2) Global initiative performance management: UNGC, SBTi, (K-)EV100, etc.
2027 ~
  • 1) Selecting additional major global initiatives to join
    • - Considering to join new global initiatives aligned with changes in the business model and business landscape
  • 2) Global initiative objective achievement (performance) monitoring and management

Engagement in Global Initiatives

Global Partnership 표 입니다. 이 표는 년도, 내용으로 구성되어 있습니다.
(UN Global Compact)
The UNGC is the world’s biggest voluntary initiative of corporate citizens that suggest top 10 principles in human rights, labor, environment and anti-corruption domains, with recommendations and action plans to foster sustainability of businesses and improve their awareness as corporate citizens.
SK Networks joined the UNGC in May, 2022, actively advocating and upholding the top 10 human rights, labor, environment and anti-corruption principles which are the core values of the UNGC.
(Science Based Targets Initiatives)
SK Networks joined the SBTi in September, 2022 to achieve Net-Zero status by 2040, submitting and verifying greenhouse gas emissions reduction targets.
(Zero Waste to Landfill)
SK Networks became the first in domestic hotel industry to receive UL’s Zero Waste to Landfill validation (ZWTL) for its Walkerhill Hotels & Resorts in November, 2021. In September, 2022, SK Magic also earned the Gold grade certification in recognition to its commitment to eco-friendly business practices.
(Electric Vehicle 100)
In October, 2021, SK Networks and our seven subsidiaries joined EV100 initiative for the transition into non-polluting vehicles in order to reduce greenhouse gas emissions.
K-EV100 SK Networks joined the Korean version of EV100 in March, 2021 with its subsidiary, SK Rent-a-car, and declared 100% transition into non-polluting EV fleet by 2030.
K-RE100 RE100 (Renewable Electricity 100) is a voluntary initiative for business enterprises to supply 100% of their power demands from renewable energy. SK Networks joined the Korean version of RE100 in 2022.

Global Standards

SK Networks discloses its ESG performance and activities in conformity to global standards to facilitate communication with stakeholders. Sustainability Reports are regularly published and updated in conformity to recommendations found in GRI (Global Reporting Initiative), SASB (Sustainability Accounting Standards Board) Standards, and TCFD (Task Force on Climate-related Financial Disclosures) recommendations.