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Social Value

Creating Social Value through Value Innovation in Harmony.

SKMS and Pursuit of ‘Stakeholder Happiness’

According to SK Group’s management philosophy, SKMS (SK Management System), the concept of stakeholder happiness means “A corporation must consistently achieve stability and growth to persevere and advance. In doing so, a corporation must also create greater happiness for customers, employees, shareholders, and society.”

We are actively engaged in sustainable management rooted in this concept. SK Group also designated 2018 as ‘Year One for a New SK’ and is pursuing enhanced social value (SV) as a vital corporate strategy for survival. Ultimately, we seek to realize sustainable growth together with society.

DBL(Double Bottom Line)

DBL is SK’s management principle which states all SK business activities should create economic value and increase social value so that society can share in the company’s growth.

SK Networks recognizes the pursuit of social value is indispensable to the sustainable growth of the company and its employees. In 2018, it selected the pursuit of social value as one of the management policies supporting the beginning of DBL (Double Bottom Line), Furthermore, it sought to identify the social issues associated with each business division and made a quantitative measure of the fundamental impact of all SK-led business activities from the environmental, social, and governance aspects. Going forward, we will continue research and monitoring to expand the range of indicators for measuring social value and develop a more sophisticated methodology. We will also uncover ways to create social value and cultivate business models based on the measure of social value.

SK Double Bottom Llne

  • 경제적 가치(Economic Value) 기업 경제활동의 최종결과물로서 일반적으로 인정되는 기업회계기준에 의해 공시되는 재무성과. 수익-비용
  • 사회적 가치(Social Value) 기업 경제활동을 통해 사회 Benefit을 창출하고 사회 훼손 Cost를 줄임으로써 창출되는 사회성과. 사회 창출 Benefit-사회 훼손 Cost

SK DBL Key Strategies

  • All business activities

    Expand the scope of SV creation beyond CSR
    to overall concept of Biz Value Chain

  • Create economic value and increase social value

    Actively review ways to grow SV
    during decision-making process
    (Decreasing (-)SV, generating (+)SV)

  • SK management principle of growing with society

    Increase economic value (within SK) and social value
    (outside of SK) to pursue happiness in
    harmony and balance for all stakeholders