The current site is a responsive website. Depending on the size of the screen, the displayed content may vary. Please maximize the screen and use it.

  1. Home
  2. Sustainability
  3. ESG
  4. Double Bottom Line
Double Bottom Line

Pursuing social value rooted in management for
happiness based on human-centered management philosophy

SK not only contributes to economic development but also grows together with society by creating social value.

SK Double Bottom Line(SK DBL)

Moving away from the existing single bottom line that pursues only economic value and profits, SK desires to reflect in the management philosophy the double bottom line (DBL) that pursues and manages economic value (EV) and social value (SV) at the same time in realizing sustainable stability and the growth of the company.

Double Bottom Line

Economic Value(EV) + Social Value(SV) = Value of Bm(Business Model) Economic Value(EV) + Social Value(SV) = Value of Bm(Business Model)
SK Double Bottom Line(Economic Value(EV): Financial performance, as a final result of corporate economic activities, publicized according to generally accepted corporate accounting standards. Profit - Cost, Social value(SV): Social performance achieved by creating social benefits and reduching the costs of social damage through corporate economic activities. Socially created benefits - Costs from social damage SK Double Bottom Line(Economic Value(EV): Financial performance, as a final result of corporate economic activities, publicized according to generally accepted corporate accounting standards. Profit - Cost, Social value(SV): Social performance achieved by creating social benefits and reduching the costs of social damage through corporate economic activities. Socially created benefits - Costs from social damage

Social value refers to the total sum of social performance of the corporate management activities that contribute to resolving “social problems.” Social problems can be defined as a state in which many members of this society suffer from structural problems that cannot be handled through individual efforts. Social value can be classified into “Social performance through business,” “Social performance through social contribution,” and “Social performance through contribution to national economy.”

Transforming the perception about social value

The value of a business model (BM) can be defined as the sum of economic and social values. Social value was formerly recognized as an expense.

Innovation for new BMs is our core objective

Accumulating the experiences of making decisions that can increase the economic values in the long run by increasing the social values while holding back the economic values in the short run.

■ DBL is not only the starting point for the innovation of business model and enhancement of corporate value but also the management strategy of SK group

Social Value(SV)(Refer to the next text) Social Value(SV)(Refer to the next text)

Social Value(SV)

  • Social performance through business

    Social performance achieved through the company s production process as well as from the resulting products and services

  • Social performance through social contribution

    Social performance achieved through social contribution activities by the company

  • Performance through indirect economic contribution

    Social performance achieved through the transfer of economic resources such as wages, taxes, dividends, and interests, to the members / interested parties in the process of the company s economic activities

Components of SKDBL

  • 01

    Pursuing the happiness of all parties of interests through the increase of social value

  • 02

    Changing the social roles that companies are required to play

  • 03

    Creating strategies for sustainable growth through the innovation of business models