Kim Jun, SK Inno Vice Chairman, "The First Year of Full-Scale Achievements as an Eco-Friendly Energy and Materials Company"

Kim Jun, Vice Chairman of SK Innovation

[Asia Economy Reporter Donghoon Jeong] "We will definitely create a 'Big Picture' that satisfies even future stakeholders."

On the 26th, Kim Jun, Vice Chairman of SK Innovation, expressed his determination for this year, which marks the 60th anniversary of the founding of SK Innovation affiliates and the first year of executing the financial story, through the company's official internal news channel, SKino News.

Vice Chairman Kim emphasized, "SK Innovation affiliate business companies must produce financial story execution results that are recognized and trusted by their respective markets and stakeholders as 'eco-friendly energy & materials companies.'"

He also stated that SK Innovation has established its own direction as a 'Portfolio Designer & Developer.' The company will strengthen integrated research and development (R&D), business development, and mergers and acquisitions (M&A) capabilities to secure future growth opportunities such as battery recycling and next-generation batteries as future growth engines.

SK Innovation plays a central role in increasing the portfolio value of its business companies. At the same time, it is expected to serve as an expert organization that enhances the execution power of each business company's financial story. Through this, SK Innovation has effectively defined its role as an intermediate business holding company.

The day before, SK Group decided to establish a research facility in Bucheon New Town, Gyeonggi Province, on a site of approximately 99,000㎡ (about 30,000 pyeong), where R&D personnel and capabilities in the group's eco-friendly business sector will be concentrated, centered on SK Innovation and SK On. About 3,000 eco-friendly technology R&D personnel from seven companies within the group are expected to move in.

Vice Chairman Kim reiterated, "SK Innovation's ESG management is an absolute proposition of 'survival and growth,' meaning 'growing the company while coexisting with the Earth and people.'"

In the interview, Vice Chairman Kim revealed that the company will promote the 'G.R.O.W.T.H' strategy as a concrete strategy for practicing ESG management. The ‘G.R.O.W.T.H’ strategy reflects SK Innovation's aspirations, including promoting net zero through carbon-to-green innovation (Green Innovation, Road to Net Zero), strengthening SHE as the foundation of sustainable growth and securing stakeholder trust (Outstanding SHE Management, Winning the Trust), and the ultimate goal of stakeholder happiness (Together with Society, Happiness for all).

Vice Chairman Kim emphasized that the core of the ‘G.R.O.W.T.H.’ strategy is ‘systematic execution’ and ‘transparent disclosure,’ and announced that an online data platform for communication with stakeholders will be launched in the second half of this year. He also stated that the internal management team, including himself, and the board of directors plan to strengthen communication with the market in 2022, following last year.