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Sustainability

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

Win-win Management

SK Square strives to enhance the ESG capabilities within the value chain based on a cooperative relationship with our business partners. We have policies and procedures for the sustainable “Win-Win management”.

Supplier Management Policy

In accordance with the sustainability terms of ESG, SK Square has established a supplier management policy. In order to expand ESG management and strengthen the executive capacity of suppliers, we have established and shared the Supplier Code of Conduct.

Bidding Policy
  • Supplier selection principles, bidding process, detailed guidelines, etc.
General Principles for Purchasing
  • Compliance with corporate social responsibilities such as shared growth and labor, human rights, anti-corruption, and the environment
Supplier ESG Code of Conduct
  • Guidelines for business partners’ social responsibility and ethical business management
Bidding Policy
  • Supplier selection principles, bidding process, detailed guidelines, etc.
General Principles for Purchasing
  • Compliance with corporate social responsibilities such as shared growth and labor, human rights, anti-corruption, and the environment
Supplier ESG Code of Conduct
  • Guidelines for business partners’ social responsibility and ethical business management

Supplier

ESG Management

SK Square operates an ESG risk management process to systematically manage the sustainability of suppliers. We conduct preliminary screening for all suppliers (new / existing) every year based on the “Supplier ESG Code of Conduct”.

Supplier ESG Risk Management Process

  1. Registration
  2. Pre-screening
  3. Result review
  4. Monitoring

Status quo of Supplier ESG Risk Management (Pre-screening process)

Total number of newly registered suppliers
Unit Company
2021 28
2022 (Q2) 61
2023 Target -
Number of screening sessions
Unit Company
2021 28
2022 (Q2) 61
2023 Target -
Percentage of high-risk suppliers
Unit %
2021 0
2022 (Q2) 0
2023 Target 0
Percentage of pre-screening completed
Unit %
2021 100
2022 (Q2) 100
2023 Target 100
Category Unit 2021 2022 (Q2) 2023 Target
Total number of newly registered suppliers Company 28 61 -
Number of screening sessions Company 28 61 -
Percentage of high-risk suppliers % 0 0 0
Percentage of pre-screening completed % 100 100 100

Shared Growth Principles

SK Square promotes sustainable growth with its suppliers through a trading culture based on fairness and trust. SK Square aims for shared growth based on three principles.

Shared Growth Principles
Observance of the Fair Trade Commission’s recommendations to establish a fair trade culture: usage of the Open4U system(SK Square purchasing portal) - Continuous efforts to maintain the fair selection of business partners, promotion of their rights and interests, and the enhancement of our internal self-regulation activities standards
Promotion of the win-win culture by expanding programs and systems related to shared growth
Enhancement of the suppliers’ competitiveness via mutual collaboration and systematic support

Shared
Growth Support
Program

SK Square's shared growth program is centered on management support, investment support, and the opening of communication channels. Knowing that the competitiveness of our partners is also the biggest competitiveness of SK Square, we will always seek ways to promote mutual growth.

Information on SK Square Shared Growth Program

Program Overview
Partner communication channel and regular off-line meetings Seeking shared growth by opening regular meetings and communication channels
Early payment Payment within 30 days to alleviate the burden on suppliers’ cash liquidity
Program Overview
Partner communication channel and regular off-line meetings Seeking shared growth by opening regular meetings and communication channels
Early payment Payment within 30 days to alleviate the burden on suppliers’ cash liquidity

Communication and Supporting programs for Win-Win growth

SK Square will implement communication and supporting programs for Win-Win growth with its suppliers. In accordance with the Fair Trade Commission’s recommendations, we further aim the establish fairness and transparency in the trading culture for our direct suppliers, by 2023.

Number of supplier meeting sessions
Unit Session
2021 -
2022 (Q2) -
2023 Target At least once
Total amount of early payment for supplier goods
Unit KRW 1 million
2021 7,539
2022 (Q2) 16,324
2023 Target -
Category Unit 2021 2022 (Q2) 2023 Target
Number of supplier meeting sessions Session - - At least once
Total amount of early payment for supplier goods KRW 1 million 7,539 16,324 -