We use ethically sourced materials to fulfill our social responsibility.
SK Innovation is leading the efforts to create social value for greater public interest,
and ethical sourcing is where the efforts begin.
SK innovation considers the headquarters, business sites and partner companies as the scope of its social responsibilities and
it is supporting partner companies to grow together with us.
SK innovation provides a variety of mutual growth programs to reinforce supplier competitiveness and our overall growth ecosystem.
During the second half of 2021, we are progressively expanding our mutual growth support programs to Tier-2 suppliers.
SK Innovation has reorganized its supply chain management system from the perspective of ESG management with the goal of Green Balance 2030. We are currently required to comply with ESG code of conduct for suppliers.
ㆍBasic Principles of Fair Transparent Transaction
ㆍCompliance with laws and international conventions
(declaration of human rights, UNGC, etc.) ㆍReporting violations and protecting informants
ㆍPrinciples of selecting suppliers, bidding process, detailed guidelines, etc.
ㆍHuman rights and labor, safety and health, environment-friendly workplace management, compliance with corporate ethics, prohibition of the use of conflict minerals, management system
ㆍComply with corporate social responsibilities such as shared growth and labor, human rights, anti-corruption, environment, etc.
SK Innovation controls quality of practices in each step of registration and evaluation of and purchase agreements with a supplier
to use only ethically produced and sourced materials for its battery production.
SK Innovation developed a “responsible sourcing policy” and manages suppliers within its supply chain based on its own guideline in an attempt to establish ethical sourcing system.
Supplier evaluation according to “SK Battery Responsible Sourcing Guidelines”
New organization dedicated to responsible sourcing
SK Innovation joined international organizations that recommend ethical sourcing and responsible
use that serve as a foundation of its ESG management.
SK innovation evaluates ethical sourcing of suppliers within its supply chain against “OECD Due Diligence Guideline” and “SK Battery Responsible Sourcing Guidelines” on a regular basis.
The company also manages its suppliers through independent audits performed by external auditors including the RMI.
SK Innovation is communicating results of supply chain management practices conducted based on its “responsible sourcing policy” to its stakeholders including customers and shareholders with transparency. SK Innovation’s website and its annual sustainability report post and include these results.