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Sustainability

SK Square aims to become a sustainable investment company based on ESG management.

Net-Zero

SK Square has established a strategy to achieve carbon neutrality by 2040 and we also actively participate in social activities to respond to the climate change crisis.

Net-Zero 2040

SK Square has set 2040, earlier than 2050, as the target year for achieving carbon neutrality, based on the RCP Scenario1) and the IPCC Special Report on Global Warming 1.5˚C2). In order to limit the global average temperature rise by 1.5℃, we will adopt direct reduction strategy through the transition to electric vehicles and indirect reduction strategy through the purchase of renewable energy, as well as actively responding to climate change by joining RE100 in the future.

  1. 1. Carbon emission reduction through “transition to electric vehicles”
  2. 2. Carbon emission reduction through“purchasing renewable energy”
2022 > 2040: Residual carbon emissions 2022 > 2050: Achieve Net-Zero 2040 (11,600 tons less than BAU in 2021)
  • Direct reduction Transportation transition through electric vehicles, etc. 500tons (2%)
  • Indirect reduction Purchase of renewable energy 24,500tons (98%)

1) Representative Concentration Pathways (RCP): Climate change scenarios by greenhouse gas concentrations

2) An analysis report on greenhouse gas emission pathways to limit the global average temperature rise to 1.5˚C compared to pre-industrial levels by 2100

Greenhouse Gas Reduction Target

Estimated emissions (BAU 2021)
Unit: tCO2eq
Scope 1 Scope 2 Total
2023 98.2 506.0 604.2
2025 102.1 574.0 676.1
2030 117.0 741.0 858.0
2035 133.6 876.8 1010.4
2040 149.9 1001.6 1151.5
Reduction target
Unit: tCO2eq
Scope 1 Scope 2 Total
2023 0.5 180.3 180.8
2025 5.5 237.6 243.1
2030 14.5 534.8 549.3
2035 18.0 838.0 856.0
2040 19.0 1132.6 1151.6
Category Unit 2023 2025 2030 2035 2040
Estimated emissions (BAU 2021) Scope 1 tCO2eq 98.2 102.1 117.0 133.6 149.9
Scope 2 tCO2eq 506.0 574.0 741.0 876.8 1001.6
Total tCO2eq 604.2 676.1 858.0 1010.4 1151.5
Reduction target Scope 1 tCO2eq 0.5 5.5 14.5 18.0 19.0
Scope 2 tCO2eq 180.3 237.6 534.8 838.0 1132.6
Total tCO2eq 180.8 243.1 549.3 856.0 1151.6

Greenhouse Gas Reduction Performance

Unit: tCO2eq
Scope 1 reduction through transition to EVs Scope 2 reduction through use of renewable energy Total
2021 0 0 0
2022
(2Q)
0 0 0
2023 Target 0.5 180.3 180.8
Category Unit 2021 2022 (Q2) 2023 Target
Scope 1 reduction through transition to EVs tCO2eq 0 0 0.5
Scope 2 reduction through use of renewable energy tCO2eq 0 0 180.3
Total tCO2eq 0 0 180.8