▲ The Models of Corporate Social Impact: Being Intentional and Strategic plenary session, a part of AVPN Global Conference 2022, was held in Indonesia from June 21 to 25, 2022.

From June 21 to 25, SK Innovation participated in the AVPN (Asia Venture Philanthropy Network) Global Conference 2022, held in Indonesia, as a session panel, and made its direction for green strategy and effort for expanding the green ecosystem known to the world.

SK Innovation was invited as a panel of the “Models of Corporate Social Impact: Being Intentional and Strategic” plenary session to discuss strategic models on how companies can create social impact through their business models.

▲ The panels discuss at the Models of Corporate Social Impact: Being Intentional and Strategic plenary session, a part of AVPN Global Conference 2022.

(Third from left: Cho Whan-sung, Leader of ESG Impact Unit, ESG Development Office, SK Innovation)

The other panels of the session in which SK Innovation participated included director-level members of social-impact-related divisions of the European Venture Philanthropy Association, Schneider Electric, Microsoft Philanthropies, and Trafigura Foundation. They shared social impact business models and their cases that respective agencies and companies have pushed forward with.

▲ The panels of the Models of Corporate Social Impact: Being Intentional and Strategic plenary session, a part of AVPN Global Conference 2022

Representing SK Innovation, Cho Whan-sung, Leader of ESG Impact Unit in ESG Development Office, said, “Under the SK Group’s management philosophy of ‘Business innovation and sustainable growth through solving social issues,’ SK Group is transforming its existing business structure into one that is centered on Low Carbon, Green Portfolio, and it seeks for ways to connect its business portfolio to create social values.”

▲ Cho Whan-sung, Leader of ESG Impact Unit, ESG Development Office, SK Innovation, speaks at the Models of Corporate Social Impact: Being Intentional and Strategic plenary session, a part of AVPN Global Conference 2022

He added, “Moreover, SK Innovation is on its way to change its corporate identity from ‘Global Energy and Chemical Company’ to ‘Green Energy & Materials Company,’ and by taking account of the characteristics of its respective affiliates, it strives to create social values by producing green products and services.”

Cho showcased SK Innovation’s green business portfolio by saying, “As a part of the company’s endeavor, the company takes its new battery business as a foundation to expand its green businesses, including battery separators and battery materials recycling. In addition, it has continuously spent its effort in improving facilities to reduce carbon emissions for the energy and chemical businesses and green transformation of their products.” Along with explaining the company’s green portfolio, he also emphasized, “With the company’s experience in creating a venture business ecosystem through the incubation of green venture companies as a specific example of the company’s effort to establish a social carbon-neutrality system, it is possible to connect social impact creation with business itself.”

Previously, SK Innovation partook in the AVPN Northeast Asia Social Investment Summit on November 11th last year, and led a panel discussion session by citing an example of South Korea’s first green startup ecosystem incubation model, “EGG Program,” which was developed in collaboration with the government, large corporations, and impact funds. During the discussion session, Cho Whan-sung, Leader of ESG Impact Unit in the ESG Development Office of SK Innovation, and officials from the impact funds and green startups had a discussion on the importance of an alliance model for the growth of green startups.

▲ SK Innovation members watch the AVPN Northeast Asia Social Investment Summit online on November 11th, 2021

SK Innovation plans to continue its wholehearted ESG management in order for the sustainable growth of not only SK Innovation, but of every stakeholder related to the company.