SK hynix generates 9.4 T earned in social value in 2021
By category, indirect contributions to the economy such as tax payments, employment and dividends totaled 9.7201 billion wonwhile the environmental performance of business activity recorded a 952.7 billion won and the social performance of the activity achieved 649.9 billion won.
In particular, the indirect contribution to the economy increased by 81%, i.e. 4.3465 billion woncompared to a year ago, helped by the company’s record revenues in 2021. The social performance of the business activity also increased by 44%, or 198.5 billion won, through efforts to revitalize the semiconductor ecosystem and increase philanthropic contributions to the underprivileged. But with increased greenhouse gas emissions resulting from increased production to meet higher demand for semiconductors globally, the negative impact increased by 2%, or 15 billion wonin the field of environmental performance of business activity.
The indirect contribution to the economy increased in all categories of tax payments, jobs and dividends. Tax payments have increased by 160%, or 2.3633 billion won, over a year, as the company announced stronger financial results. An increase in the number of employees and higher compensation also resulted in a 56% increase, or 1.7245 trillion won, in the employment category. Dividends increased by 32%, i.e. 258.6 billion wonthe company having implemented a more aggressive shareholder return policy.
In the area of the environment, the company reported a negative reading for a second consecutive year, as more resources were consumed to produce more semiconductors, which also led to an increase in gas emissions. Greenhouse effect. Specifically, negative cost increased by 3%, or 24.2 billion won, for one year, in the field of resource consumption/environmental pollution. This negative result was somewhat offset by an increase of 128%, i.e. 9.1 billion wonin the products/services segment with the development of low-consumption products.
“SK hynix has made efforts in various aspects, joining the Green Premium system, trying to reduce greenhouse gas emissions and developing wastewater reuse to reduce environmental impact,” the company said. society. “But whatever the reasons, we are always responsible for the impact we have had on the environment. We will continue to strive for environmental improvement and make endless efforts.”
*Green Premium System: A pricing system whereby an electricity consumer pays an additional premium on existing electricity costs in order to use energy from renewable energy sources
In the category of social performance of business activity, shared growth shows the most remarkable improvement. SK hynix has for years continued its efforts to energize the semiconductor ecosystem by consistently providing technology support and training opportunities to its business partners. SK hynix has also contributed to the localization of materials, parts and equipment through joint technology development with its partners. As a result, shared growth performance increased by 56%, i.e. 180.6 billion wonfrom a year ago.
Elsewhere, the company experienced 9% growth, 9.7 billion won, in the area of social security contributions, as it continued its relevant activities in a socially distanced manner during the pandemic. The performance for “improving the quality of life of disadvantaged people” increased by 45%, i.e. 8.2 billion wonthrough its continued support for social enterprises.
Kim Young-wook, vice president of corporate sustainability management, said SK hynix communicated with relevant stakeholders in a transparent manner, making public its social value performance over the past 4 years since 2019.” We will accelerate the implementation of SV2030, our medium to long-term initiative for social value creation, and advance our commitment to ESG management with the aim of contributing to humanity and the community.”
* Specific examples of social value generation and detailed calculation methods can be found in the SK hynix newsroom.
About SK hynix Inc.
SK hynix Inc., headquartered in Korea, is the world’s leading semiconductor supplier offering dynamic random access memory (“DRAM”) chips, flash memory (“NAND flash”) chips and sensors CMOS image (“CIS”) for a wide range of distinguished customers worldwide. The shares of the Company are traded on the Korea Stock Exchange and the shares of Global Depository are listed on the Luxembourg Stock Exchange. More information about SK hynix can be found at www.skhynix.comnews.skhynix.com.
SOURCE SK hynix Inc.