SK Innovation
SK Innovation Co Ltd is a publicly listed integrated oil and gas company headquartered in South Korea. In 2020, it had USD 45.94 billion in revenue and a reported 2,038 employees*. SK Innovation’s main business is oil refining. The company's battery segment offers an opportunity for a profitable low-carbon transition but is currently negligible in scale compared to its oil and gas activities.
- Ranking position
- #19 /100
- Total score
- 18.6 /100
- Performance score
- 2.8 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
No leading practices were identified for this company.
Risks and opportunities
Trend
SK Innovation receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. With its heavy reliance on the emissions-intensive coking technology for oil refining and an oil dominated product mix, the company is not on track to improve alignment with its 1.5°C pathway. The company has set clear plans for its electric vehicle battery business until 2025. However, the limited ambition of its targets and lack of a plan to reduce oil output undermine this and suggest that the company’s performance is unlikely to improve.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Seoul, South Korea
- Group revenue
- KRW 49,876,500,000,000 (USD 45.94 billion)
- Ownership structure
- Publicly listed
- Number of employees
- 2,038
- Scope of activity
- Integrated
- Website
- http://eng.skinnovation.com/main.asp