SK Specialty pursues true shared-growth with companies in partnership with us.
We conduct initial and regular follow-up evaluations of partner companies in the areas of management, technology, quality, environment,
and safety with an intention to improve ESG level of partner companies through ESG risk evaluation and management.
Shared-growth Consultation System
SK Specialty set up a shared-growth consultation system in 2020 to establish a process that reflects the needs of partners in the operation of the shared-growth program and to expand communication with partners, and has operated it since then.
We operate 4 subcommittees (management support, SHE, quality, ECO) for the systematic operation of the shared-growth program. Since newly establishing an ECO subcommittee in 2021, we have been intensively carrying out activities to improve ESG risks of our partner companies.
For systematic and constructive shared-growth activities, decisions related to the shared-growth council are made by the resolution of the CEO-chaired meeting
SK Specialty provides various support programs to partner companies such as management support, analysis support, and SHE risk check, and actively collects opinions from partner companies through shared-growth meetings.
In 2021, we conducted shared-growth programs for a total of 20 member companies of the shared-growth council, and achieved the spread of shared growth culture and benefits by giving 5 secondary partners opportunities to participate in education and signing fair trade and shared-growth agreements.
In the future, we will continue to promote sustainable win-win cooperation with the goal of quantitative expansion of shared-growth activities (expansion of participating partners by at least 10% every year) and linkage with supply chain ESG management.
ESG Management of Partner Companies
SK Specialty established a code of conduct for partner companies in December 2020 to create a sustainable industrial ecosystem with partner companies.
The Code of Conduct was constructed based on the Code of Conduct Version 7.0 of the Responsible Business Alliance (RBA),
and we collected consent forms after notifying our partner companies.
Human rights & Labor
Safety & Health
SK Specialty establishes and operates an ESG risk assessment system based on the Partner Company Code of Conduct.
Through the assessment system, we evaluate the overall ESG areas, such as human rights, labor, and ethical management,
as well as environment and safety, and after the evaluation, we will classify high-risk partners,
and operate, measure and monitor improvement support programs in ESG fields by using the shared-growth operation system.
In 2021, ESG risk assessment was introduced for 16 partner companies, and we plan to strengthen ESG inspection of new partner companies by 2023.
With an aim of ESG risk assessment and management of all our partners companies by 2025, we will promote the improvement of the ESG level of the entire value chain.
Fair procurement of raw and subsidiary materials
In order to prevent environmental and social problems that may arise in the raw and subsidiary material procurement supply chain, SK Specialty stipulates the principle related to responsible procurement in the purchasing regulations and complies with it together with its partners.
Expansion of Social Purchase
In the procurement process, SK Specialty follows the principles of social purchasing to fulfill its social responsibilities. Additionally, the company prioritizes the inclusion of environmentally friendly supply chains, encompassing greenhouse gas emissions reduction, energy consumption reduction, water usage reduction, and waste reduction, under the category of green purchasing. This collaborative approach with partner companies contributes to creating social value.