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All vehicles operated by SK Networks and subsidiaries to go green by 2030

By Kim Joo-heon Posted : November 11, 2021, 16:41 Updated : November 11, 2021, 16:41

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SEOUL -- All vehicles operated by SK Networks, a trading arm of SK Group, and its subsidiaries, will go green by 2030, as South Korea, which has a low renewable energy dependency rate of 4.8 percent in 2020, is trying hard to achieve net-zero carbon dioxide emissions by 2050 by promoting the use of renewable energy and eco-friendly fuels.

SK Networks said in a statement on November 11 that the company has joined EV100, a global initiative launched by a London-based international non-profit called "The Climate Group," which aims to make electric transport the new normal by 2030. All vehicles operated by SK Networks and subsidiaries, including 200,000 cars owned by SK Rent-a-Car, will be eco-friendly.

"With the mindset of representing South Korea, we will expand the infrastructure for sustainable management based on the trust of stakeholders by promoting ESG management," an unnamed SK Networks official said in a statement on November 11. Environmental, social, and corporate governance (ESG) is a trendy corporate operation method that focuses on the use of green energy and environmentally-friendly management.

The parent group of SK Networks has actively pushed for ESG management. In January 2021, SK Networks teamed up with Hyundai Motor to build South Korea's first electric vehicle charging station featuring fast chargers, a coffee lounge, a shared kitchen, and an office block so that customers can enjoy a range of activities while charging their cars.

SK Networks and LG Energy Solution, the battery-making wing of LG Group, are the only South Korean companies that have joined EV100. Participating companies are required to establish a road map for phased implementation and they are evaluated through regular reporting.

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