Society
Managing Business for a Sustainable Society
SK networks defines all entities that directly and indirectly impact and are affected by our management activities as our stakeholders. Stakeholders include customers, employees, suppliers, the government, shareholders/investors, and local communities. We aim for successful communication with our stakeholders through various engagement channels. By conducting surveys to collect stakeholders’ opinions on our sustainability management policies, we are committed to actively integrating them into our management activities.
Engagement Channels and Priority Issues
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Materiality Assessment Process
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STEP 1
ESG Topic Pool We organized a pool of 20 ESG topics as subjects of sustainability management by conducting a me dia analy sis , b enchmar k ing g l ob al companies in the same industry, and assessing ESG indicators for which disclosure is required (including indicators of SK Group, GRI, DJSI, SASB, and MSCI).
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STEP 2
Materiality Assessment We identified the materiality of each topic based on the results of our internal and external stakeholder survey, media analysis, benchmarking, and comprehensive analysis of ESG assessment items.
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STEP 3
Material Topic Selection We selected the top 7 material topics that were identified to have the highest materiality through our material assessment.
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STEP 4
Impact Assessment of Material Topics We analyzed the impacts and associated risks of the selected topics on the company and our stakeholders to establish short and long-term sustainability goals and plan strategies for fulfilling the goals.
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STEP 5
Response and Performance Management We assessed the performances and impacts of activities according to the short and long-term plans to improve and strengthen SK networks’ sustainability management activities.