SK is advancing alongside with society
by contributing to economic development and creating social values.
SK’s Choice to Realize
Companies once was able to win customers' support and society's recognition just through creating economic value.
However, companies now must not only create economic value, but also satisfy various values that customers and the society demands in order to ensure sustainable growth and survival.
To this end, SK intends to win strong support from members of society by pursuing the creation of social values as its new management strategy and thereby maximizing the happiness of its stakeholders.
Three Methodologies for the Realization of Social Values
BM Innovation through the Pursuit of DBL
The 'Pursuit of DBL (Double Bottom Line)' indicates the pursuit of both
economic and social values in overall coporate management activities.
By pursuing DBL, SK is carrying out business model (BM)
innovation in a form that can reflect social values.
By pursuing DBL, SK is carrying out business model (BM) innovation in a form that can reflect social values.
Converting Corporate Assets into
Infrastructure for Sharing
Concerned about creating social value, SK has been engaged in the experiment of converting tangible and intangible corporate assets worth 190 trillion won into shared infrastructure that can be used in connecting with a number of members of society, and is now beginning to fully practice its results.
Building a Social Enterprise Ecosystem
SPC (Social Progress Credit)
‘Social Progress Credit (SPC)’ is an experiment conducted by
SK to activate the ecosystem of social enterprises.
SPC is a project that converts social values created by
social enterprises into currency and provides equivalent
value in ‘cash incentives.’
In other words, it is a value converting or value exchanging
project, which converts social values created by social
enterprises into economic values.
Recently, the importance of ‘Collective Impact’, which concentrates on the resources and capabilities of various social entities in order to resolve common social issues, is drawing great attention. On this issue, SK launched the social contribution platform called the ‘Happy Alliance’ to eliminate the issue of children who might skip meals, a typical issue in society.
Social Entrepreneur MBA
The social entrepreneur MBA selects 20 social entrepreneurs operating in various field of expertise and offers various programs designed to enhance their capabilities in resolving social issues, advance management capabilities, and enhance their sense of calling for society.
Students enter the social enterprise ecosystem by commencing a business.
SK is providing personnel and material resources required for startups, alongside scholarships in order to activate the social entrepreneur MBA.
We are fostering social entrepreneurs through various systems, such as the incubating service through the 「Center for Social Entrepreneurship」 and investment through 「KAIST Ventures」.