SK Square has set its Net-Zero target for 2040—ten years ahead of South Korea’s national goal of 2050. This target is grounded in the Representative Concentration Pathways (RCP)* scenarios and the IPCC** Special Report on Global Warming of 1.5°C. Both RCP 4.5, which assumes the implementation of greenhouse gas reduction policies, and RCP 8.5, which reflects a business-as-usual trajectory, were considered to ensure that SK Square’s strategy incorporates both practical mitigation measures and mid- to long-term risk management. To achieve this goal, SK Square is pursuing a dual-track strategy consisting of direct and indirect emissions reduction. Direct reduction efforts include initiatives such as transitioning SK Square’s fleet to electric vehicles, while indirect reduction is being driven by expanding the use of renewable energy sources. Going forward, SK Square plans to gradually broaden its climate change response scope, including the consideration of participation in RE100, and to continuously enhance the accuracy and effectiveness of its reduction roadmap to achieve its Net-Zero target by 2040. In parallel, SK Square will closely monitor changes in both internal and external business environments, as well as global regulatory trends. The company plans to regularly reassess and adjust its goals and execution strategies to enhance the feasibility of achieving its Net-Zero target. These efforts will be transparently disclosed to stakeholders as part of SK Square’s commitment to responsible and accountable climate change response.

2022 > 2040: Residual carbon emissions 2022 > 2050: Achieve Net-Zero 2040

• Direct Emission Reduction Reducing direct emissions through office energy efficiency and eco-friendly vehicles.
• Indirect Emission Reduction Reducing indirect emissions through renewable energy procurement (Green Premium, PPA, REC) and improved energy transition rate