SK Square supports the Paris Agreement and the National 2050 Carbon Neutrality target, and based on our 'Net-Zero 2040' declaration, we have established a climate change response strategy and are managing related risks. SK Square does not engage in any direct or indirect lobbying activities that run counter to the Paris Agreement, and in accordance with Article 31 of the Political Funds Act of Korea, does not provide any political funds, election campaign funds, or lobbying funds to political organizations.
SK Square engages in climate change-related donations, sponsorships, and association activities in accordance with its internal regulations on association participation. These regulations apply to all domestic and overseas business sites of SK Square and its subsidiaries, and cover direct lobbying conducted or participated in by SK Square, indirect lobbying through third parties, and the climate policy activities of the associations and organizations to which SK Square belongs. Accordingly, SK Square supports the implementation of the Paris Agreement by executing climate change-related donations and sponsorships only if they meet public policies to achieve carbon neutral goals.
SK Square's climate change-related donations and sponsorship activities are reviewed for compliance with the Code of Ethics and Code of Ethics Implementation Guidelines, and are executed after approval by the management (the CEO or executive management) under the supervision of the ESG Committee. Donations are systematically managed with regulations that require receipts prescribed by related laws and regulations to be received and kept from beneficiaries.
SK Square reviews whether the climate policy positions of the associations and organizations it belongs to are consistent with the Paris Agreement, and has a policy to help implement the Paris Agreement if our position on climate change and our association's position on climate change are inconsistent.
To date, no member association has been identified as engaging in climate lobbying activities that run counter to the Paris Agreement. The UN Global Compact (UNGC), of which SK Square is a member, is a leading initiative that supports the Paris Agreement and responsible climate policy engagement, and is aligned with SK Square's climate policy position. Through its participation in such initiatives, SK Square supports public policies consistent with the Paris Agreement.
SK Square transparently implements climate-related donations and sponsorship policies to contribute to the achievement of national carbon neutrality goals and the Paris Agreement, and regularly discloses its declarations of support for, and key activities related to, major sustainability initiatives that support carbon neutrality, such as UNGC and TCFD.