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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
Performance module name Performance module score Rank (0-100)

Targets

8.2 /100 #28

Material Investment

1.7 /100 #72

Intangible Investment

0.0 /100 #20

Sold products

5.4 /100 #29

Management

31.3 /100 #49

Supplier Engagement

37.5 /100 #9

Client Engagement

22.5 /100 #17

Policy Engagement

60.0 /100 #3

Business Model

15.0 /100 #15

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

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