Kim Jun, SK Inno Vice Chairman, "Accelerate Eco-Friendly Business, Enhance Corporate Value"

On January 2, 2023, Welcoming the New Year by Visiting and Encouraging Seoul Headquarters Members

Kim Jun, Vice Chairman of SK Innovation (center), is taking a photo with employees at the SK Seorin Building in Jongno-gu on the 2nd to celebrate the New Year. Photo by SK Innovation

[Asia Economy Reporter Jeong Dong-hoon] Kim Jun, Vice Chairman of SK Innovation, emphasized enhancing corporate value for 60 years of future growth in the new year 2023, urging sincere execution of eco-friendly businesses and the creation of tangible results.

On the morning of the 2nd, Vice Chairman Kim Jun started the new year by visiting the SK Seorin Building and Green Campus in Jongno-gu, Seoul, exchanging well-wishes with employees. At this gathering, held without a separate New Year's party, Vice Chairman Kim communicated openly with the members, expressing gratitude and encouragement to those who did their best in their respective positions.

Before visiting the headquarters employees that day, Vice Chairman Kim sent a New Year's message via email to all SK Innovation affiliates' employees. In his message, he said, "The year 2022, which marked the company's 60th anniversary, saw higher financial performance than any other year since its founding, thanks to the efforts of all employees despite the ongoing pandemic for the third year and significant market volatility due to geopolitical issues." He emphasized, "For the next 60 years of new growth, transitioning to a new management system centered on corporate value, namely 'Management System 2.0,' is essential."

To this end, Vice Chairman Kim presented three key focus areas: ▲ portfolio innovation and accelerated execution ▲ internalization of ESG management ▲ establishment of a new management system for future growth.

Vice Chairman Kim stated, "For SK Innovation's corporate value to be highly evaluated in the market, visible results from the transition to the 'New Green Portfolio' are necessary." He added, "As a Green Portfolio Designer & Developer, SK Innovation will build the New Green Portfolio through clean energy production for electrification of society, expansion of the Battery Metal Recycle (BMR) business by establishing a recycling value chain for used batteries."

He further noted that energy and chemical affiliates should continuously produce tangible results in the Green Biz transition, while SK On and SK IE Technology must secure both profitability and growth.

Vice Chairman Kim also urged the internalization of the ESG (Environmental, Social, and Governance) management philosophy. He said, "As declared at the 60th anniversary event with '2062 All Time Net Zero,' among ESG factors, 'Carbon Net Zero' is key to sustainable growth and gaining trust from global stakeholders." He added, "In 2023, we will build a system to sustain net-zero execution and strongly promote carbon reduction efforts."

Finally, Vice Chairman Kim emphasized establishing a future-oriented management system for continuous growth and corporate value enhancement. He stated, "SK Innovation will break away from the existing strategy and evaluation/reward system focused on financial performance and actively transition to Management System 2.0 by establishing key performance indicators (KPIs) linked to corporate value." He added, "Under the common goal of enhancing corporate value, all SK Innovation affiliates will accelerate board-centered management going forward."