SK Hynix created social value worth approximately 7.6 trillion won last year, contributing to the enhancement of social value and ESG management capabilities across the entire semiconductor ecosystem.

SK Hynix announced on the 12th that it generated 7.5845 trillion won in social value (SV) in 2022.

This figure represents a 20% decrease from the company's 2021 SV creation of 9.4173 trillion won, with 'indirect economic contribution' calculated at 7.7853 trillion won, 'environmental performance' at -1.0423 trillion won, and 'social performance' at 841.5 billion won by sector.

'Indirect economic contribution' decreased by 20% compared to the previous year. This was influenced by a decrease in tax payments as performance declined due to the semiconductor downturn that began last year. Nevertheless, SK Hynix accounted for 37% of the total indirect economic contribution of SK Group, which amounted to approximately 20.8 trillion won.

'Social performance' increased by 29% compared to the previous year in recognition of the company's achievements in improving the quality of life for its members and expanding support for partner companies.

SK Hynix has been striving to establish a family-friendly corporate culture since last year and has actively supported work-family balance for its employees by introducing Happy Friday, expanded parental leave, and vacation systems for family-friendly activities and rejuvenation.

In addition, the company's efforts to revitalize the domestic semiconductor ecosystem, such as annually selecting and supporting 'technology innovation companies' among its partners and expanding technological cooperation for the localization of materials, parts, and equipment, also had a positive impact on the increase in social impact and SV creation.

The negative impact of 'environmental performance' increased by 9% compared to the previous year. The company explained, "As we recorded our highest-ever annual revenue last year, semiconductor production also increased, naturally leading to higher resource consumption and greenhouse gas emissions." It added, "However, we minimized the expansion of negative impacts through efforts to transition to renewable energy, such as developing power-efficient products, investing in greenhouse gas reduction facilities, and implementing a Green Premium tariff plan."

SK Hynix conducted social value measurement by including partner companies for the first time among SK Group member companies. This is because it was determined that creating SV across the entire semiconductor ecosystem, beyond the company, and enhancing ESG management capabilities are essential to responding to the diverse demands for strengthened ESG from domestic and international stakeholders.

The company stated, “As a result of calculating the performance amount while conducting consulting for 13 partner companies in sectors such as materials, equipment, logistics, and environmental services—including Daeduck Electronics, Dongwoo Finechem, Mico Ceramics, Veolia Industrial Development Korea, Simtek, Wonik Materials, Wonik Holdings, Eugene Tech, KC Tech, Comico, Techwing, P&S Logistics, and Hana Micron—a total of 1.4698 trillion won in social value was generated last year.” The company added, “We attach significance to the fact that, through this evaluation, partner companies have acquired the capability to establish and manage systems for independently managing SV and ESG data.”

The participating partner companies unanimously stated, “We will strive to create greater social value by continuously refining and developing our management systems together with SK Hynix.”

SK Hynix Vice President Kim Yun-wook (Head of Sustainable Management) stated, “We will continue to join forces with various stakeholders, including our partners, to strive for the creation of social value across the entire semiconductor ecosystem and to exert a positive influence on our society.”