+ A

[Sponsored Report] SK Innovation recognized as a top global firm

Jan 29,2018
SK Innovation continues to work to get global recognition for its efforts to become a world leader in various fields.

SK Innovation ranked 91st on the 2017 Green Ranking by Newsweek, a weekly American magazine. The Green Ranking is a list of the world’s top environmentally friendly companies. It has been compiled since 2009.

Eight items were used as assessment indicators, including productivity energy, greenhouse gas emissions, water and waste areas, the link between sustainability and wages, the existence of a sustainability committee and criteria for third-party environmental evaluations.

Three other Korean companies - LG Electronics (23), Posco (47), and Hyundai Motor (68) - ranked within the top 100. Samsung Electronics (103), KEPCO (132), Hana Financial Group (186), and Hyundai Heavy Industries (270) were listed in the ranking of the top 500 companies.

In 2016, only Samsung Electronics (142), Hyundai Motors (200) and KEPCO (325) were included in the magazine’s top 500 ranking, but in 2017, 17 Korean companies were included.

SK Innovation was given a high ranking despite it being an energy company. Among energy companies worldwide, only four, including Enbridge (3), BP (19), PTT (56) and Barat Petroleum (77) were ranked higher than SK Innovation.

SK Innovation ranked higher than global energy companies Total (131), Exxon Mobil (171), Repsol (183), ConocoPhillips (208), Chevron (223), JXTG Holding (290) and CNOOC (321).

“Our achievement resulted due to [our company’s] global level of management transparency and business activities prioritizing the environment,” said an official at SK Innovation. “We will also contribute to the happy lives of all officials and will strongly carry out Deep Change 2.0. It is a strategy seeking both social and financial value.”

SK Innovation was chosen as a Dow Jones Sustainability Index (DJSI) World company last September. It was SK Innovation’s first time to be included in the DJSI World since its establishment and is evidence of confidence in its corporate stainability.

In 2017, only 320 companies (about 12.7 percent) of the top 2,528 global companies were added to the DJSI World, and only 23, including SK Innovation, are from Korea.

In financial circles, it is said that the reason behind SK Innovation’s recent streak of global recognition is due to its Deep Change strategy. Thanks to their efforts, the company is finally being honored for its work to enhance its social and financial value.