Double Bottom Line (DBL) is a value system that takes economic value (EV) and social value (SV) in to consideration as two factors in a complete whole. Social value represents the sociability and total value of corporate management activity which contributes to solutions with regard to ‘social problems’. Social problem in this context is defined as a situation where many members of the society suffer because of systemic or structural issues and the problem can’t be solved by the efforts of an individual. The social values created during the process of corporate management activities are classified as ‘business sociality’, ‘social contribution sociality’, and ‘national economy contribution sociality’.
Business Social Performance
Social performance that is generated through the production process of corporates and its results - products and services
Social Performance in Social Contribution
Social performance that is generated through social contributions of corporates
Social Performance Contributed to the National Economy
Social performance that is generated by transferring economic resources to stakeholders during the business activities of corporates through wages, taxes, dividends and interests
Social Value Promotion System
SK hynix has strengthened its promotion system to internalize the pursuit of social values into its management system. A continuous management committee was established within the board of directors, which is the highest decision making organization, so that DBL can be integrated into the business strategy for operation. A continuous management propulsion team, which is an executive level organization dedicated to the creational planning of social values and supporting activities, was established as well. In order to substantially promote activities, the SV innovation consultative body and SV practice group were organized to uncover company-wide level SV items and establish a promotion system.
The Promise of SK hynix
We, SK hynix, are confident about the fact that the management philosophy behind DBL is very important for innovation and growth. We will pursue balanced growth combining social and economic values within the process of innovation and growth of SK hynix as well as strive to become a company that grows together with society to keep up with such changes.
Mapping UN SDGs to Our Priorities
Mapping UN SDGs to Our Priorities
Key Activities of SK hynix
3GOOD HEALTH AND WELL-BEING
Operate worksite safety management programs
Establish a preemptive management system – Cohort
Manage air pollutants at levels below legally-required levels
Social contribution activities in health care, public health and safety – Happy Plus Nutritious Meal, 100-Year Longevity of Veterans, Happy Bus, Memory Guarding Angel (Happiness GPS)
Social contribution activities in education – Do Dream scholarship, Hyinsten
7AFFORDABLE AND CLEAN ENERGY
Energy TF activities, including replacement into highly efficient facilities
Development of low power-consuming, high-performance, eco-friendly products
8DECENT WORK AND ECONOMIC GROWTH
Establishment of the HAPPY-MORE INC.
System to guarantee work-life balance
52-hour-a-week labor time management
Compliance with the policy of respecting diversity and prohibiting discrimination
Programs to support win-win growth
Operate a sharing infrastructure portal
Social contribution activities to help low-income families create income – Silver Angel for Happiness School Uniform
12RESPONSIBLE CONSUMPTION AND PRODUCTION
Activities to reduce chemicals
TF activities to reduce water consumption and wastewater discharge
Recovery of waste
Comply with regulations to limit the use of harmful materials for products
Set an annual goal to reduce GHG emissions
TF activities to reduce GHG emissions
16PEACE, JUSTICE AND STRONG INSTITUTIONS
Strengthen independence and diversity of the BOD
Comply with code of ethics
* UN SDGs (Sustainable Development Goals of UN): The greatest common objective of the international society is to solve universal problems afflicting humanity, global environmental problems as well as economic and social problems by the year 2030 by regulating 17 primary targets and 169 detailed targets.
DBL, SK hynix's NEW GROWTH STRATEGY
SK hynix is very pleased to introduce our sustainability management through the 11th Sustainability Report this year. SK hynix will continue to grow into a corporate citizen that progresses together with its stakeholders by balancing economic and social values in the process of innovation and growth.
SK hynix is very pleased to introduce our sustainability management through the 10th Sustainability Report this year. This year’s report features what we’ve accomplished for the past 10 years and what our plans are. SK hynix promises to fulfill its responsibilities and roles in the economy, society, the environment.
The 8th Sustainability Report of SK hynix highlights 9 issues selected through the materiality test for stakeholders.
SK hynix will make efforts to be a sustainable company leading a balanced growth of society and environment.
2014 Sustainability Report, the seventh annual report, is featuring four major issues of SK hynix
which the persons concerned consider important.
We will make efforts to create sustainable value and work for happy tomorrow with the persons concerned.
SK hynix creating values and happy tomorrow for stakeholders published the 6th Sustainability Report.
In the 2013 Sustainability Report, SK hynix features the integrated sustainable values from the sustainability management activities.
SK hynix is committed to communicating with its stakeholders and promoting their well-being. The goal of this report is to share our sustainability management achievements in 2011 and to collect our readers’ ideas and opinions. This will help us to contribute to a happier and healthier future for people everywhere.
Profits are important, but there are other things that are equally necessary.
The third Sustainability Report covers our commitment to a Great Company contributing to the Sustainable Development of Human Being. will make sure that its Sustainability Report becomes a representative communication channel with stakeholders and issued on annual basis.
We ask for your continued encouragement and input.