Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]SK gas's goal for Scope 1 and 2 is to achieve Net Zero by 2035 and will focus on direct reduction solutions such as improving facility and using medium and long-term hydrogen. Scope 3 is being measured in accordance with the SBTi standard of 2022 and will be managed with detailed objectives based on the results.
The core of our Scope 3 reduction strategy is to transform the Business Portfolio into a carbon-free business. In the short term, LPG, and LNG, which emit less carbon than other fossil fuels, will replace existing fossil fuels for transportation, industrial, and power generation, thereby reducing greenhouse gas emissions. In the long term, the company will shift its portfolio to decarbonization businesses such as hydrogen and renewable energy businesses.
In line with this strategic direction, engagement activities are being promoted. In the short term, SK gas is actively pursuing engagement activities to identify existing customers using BC Oil as fuel and convert them into LPG with low greenhouse gas emissions. In the long term, SK gas provides Net Zero Solution to customers through the decarbonization carbon business and is also pursuing expansion of hydrogen charging stations and establishment of infrastructure for production and distribution of liquefied hydrogen through engagement activities with policymakers such as the Ministry of Environment, business places in the same industry, and the LPG Association.
In this process, the BOD deliberated on and decided to implement the decarbonization business transformation, and the engagement activities were also finally decided by the BOD based on the strategic direction, and the relevant organization regularly reports on the progress.