Managing Business for a Sustainable Society
*SRM : Supplier Relationship Management
SK networks operates the Procurement Review Committee to review the adequacy in selecting suppliers and to continue fair and transparent purchasing activities. The committee holds meetings on purchases subject to review.*
* Purchase contracts of KRW +500 million and competitive purchases of KRW +1 billion
*Head of the Strategy Planning Division, Head of the Finance Division, Head of Sustainable Management Division
SK Networks has provided ESG online training to suppliers’ people in 2023. Such a program was conducted online from July to August, 2023 and the training budget was funded by SK Networks to encourage suppliers to actively participate in the program. In addition to human rights/business ethics covered in the 2022 training program, training contents have been expanded to include environment, anti-corruption and top four statutory training obligations to help suppliers train their people and engage in ESG management initiatives. In 2023, 134 employees of 19 suppliers voluntarily joined the training program and took 687 courses in total. (Training completion ratio of 100% vs. 96.6% of 2022) Going forward, SK Networks will develop diverse and effective training programs and made them accessible to suppliers to deliver on the value of shared growth.
Information is the most critical asset for business survival. SK networks respects the intellectual property rights and trade secrets of our partners and does not force them to pass over technical data or use intellectual property rights when selecting or transacting. Going forward, we will all the more strengthen our information protection system so that the tangible and intangible information of our partner companies can be managed more safely.
SK networks conducts a supplier survey every year to identify the problems the suppliers are facing and preemptively prevent supply chain risks. We hear the 'Voice' of our suppliers through this survey and come up with a solution by analyzing the impact of each voice. Within 2021, we plan to establish a communication board for shared growth, visit major partner companies to listen, and prepare and implement the SKN Shared Growth Fund and related programs based on the voices.
**Shared Growth Fund as of September 2022
|No. of participating suppliers
|KRW 1.6 billion
|KRW 2.18 billion