SK Innovation Co Ltd

Lobbying Transparency and Governance

Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:

Direct Lobbying Transparency
Overall Assessment Comment Score
Strong SK Innovation provides a high level of transparency about its climate-policy lobbying. It names the principal policies it works on, including the Korean Emissions Trading Scheme (K-ETS) as well as related areas such as “mandatory carbon reporting” and the national “cap-and-trade” framework, and states that it “supports the K-ETS without exceptions,” giving readers a clear view of the policy agenda it is pursuing. The company explains how it seeks to influence these rules, saying it “actively express and share our opinions by participating in public hearings” and by working “through major stakeholder councils such as the Ministry of Environment, the Korea Exchange, the National Assembly Climate Change Forum, the KBCSD, and the KOSRI.” It also details additional channels, for example submitting a technical guide to the Ministry of Environment, and consistently identifies its targets, including the Greenhouse Gas Inventory and Research Center and Korea Environment Corporation. Finally, SK Innovation spells out the results it wants to achieve: it aims to “implement MRV enhancement to ensure accurate calculation and reporting of energy consumption and GHG emissions,” seeks “improvements to the system” to secure “cancel-out effects to alleviate the risk of insufficient emission credits,” and has proposed a methodology that could cut “about 250,000 to 500,000 tons” of CO₂ per year while generating carbon credits. By articulating concrete policy changes, measurable emissions outcomes and the economic rationale for its positions, the company demonstrates strong overall disclosure of its climate-lobbying activities. 3
Lobbying Governance
Overall Assessment Comment Score
Moderate SK Innovation Co Ltd demonstrates a moderate governance process for lobbying, particularly in relation to climate change. The company states that it ensures consistency in engagement activities with its climate change strategy through the ESG Sub Committee, which discusses related issues monthly and reports important matters to the CEO after evaluating their materiality. Furthermore, the ESG Committee under the Board of Directors is responsible for reporting and making final decisions on key issues, indicating a structured oversight mechanism. The ESG Acceleration department monitors and evaluates climate change risks and opportunities, providing a layer of monitoring and accountability. Additionally, when direct or indirect engagement with policymakers or industry associations is required, external consultations and responses are carried out by the SHE (Safety/Health/Environment) headquarters. However, while these processes suggest alignment with climate-related goals, the company does not disclose specific mechanisms for monitoring or managing lobbying activities, nor does it provide evidence of actions taken to align indirect lobbying through trade associations. The absence of a detailed lobbying audit or review further limits the transparency of its governance framework. 2