With the goal of “building a sustainable supply chain for stable procurement,” SK Innovation applies a unified supply chain management policy across all affiliates. We conduct integrated supplier evaluations and audits to prevent ESG risks in advance, taking swift corrective actions when issues are identified. We also continue to enhance supply chain management policies and processes to strengthen execution and results.
Supply Chain ESG Management Standards
Mandatory ESG pre-assessment at initial supplier registration
Mandatory compliance with ESG Code of Conduct for new supplier contracts
Annual ESG evaluation for Tier-1 suppliers based on the prior-year transactions
Supply Chain ESG Risk Assessment & Improvement
Designate high-risk partners for focused management and conduct in-depth third-party evaluations and audits
Provide ESG consulting and support to help partners improve management standards
Operate a “Benefit and Penalty” system based on evaluation results
High-rated suppliers: Exemptions from contract and performance bonds, interest support, and other benefits
Low-rated (high-risk) partners: Supported with standard consulting to establish improvement plans
Supporting Partner Growth
SK Innovation operates diverse shared growth programs such as ESG consulting, recruitment support, and interest support, while continuously expanding the scope of beneficiaries. We also run shared growth councils to ensure that partners can voice their opinions directly.