DBLDouble Bottom Line

DBL is

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
UN SDGs 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)
4QUALITY
EDUCATION
  • 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
10REDUCED
INEQUALITIES
  • 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
13CLIMATE
ACTION
  • 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.

Sustainability Report

DBL, SK hynix's NEW GROWTH STRATEGY 2018

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.

Smart Solution, Happy Life 2017

Smart Solution, Happy Life

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.

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