Ethical Risk Audits and Assessments

SK Chemicals conducts various activities as part of ongoing ethical and compliance management, including operating ethical management programs for employees, providing ethics training to prevent misconduct, investigating whistleblower reports, and diagnosing work processes. To enhance the level of ethical management, we conduct internal audits led by dedicated teams such as the Compliance Team, consisting of regular audits, compliance audits, self-monitoring systems, and whistleblower investigations. We conduct regular audits and compliance inspections annually, categorizing risks by organization and function for all domestic and international business sites. For key risk areas, we have established a self-monitoring system to perform periodic checks. For whistleblower reports received at any time, we conduct investigations within the designated timeframe while protecting the anonymity of whistleblowers. We handle the investigation process transparently and fairly, thereby enhancing employee trust in internal audits.

Regular Audits and Compliance Audits

SK Chemicals conducts regular audits (targeting a three-year cycle) for all business units and subsidiaries, and all audit plans and results are regularly reported to the CEO and the Audit Committee by the audit officer. In addition, non-regular audit results are reported to the CEO on an as-needed basis. SK Chemicals conducts regular audits based on a risk pool derived from company-wide risk factors and performs compliance audits to ensure improvements identified in regular audits are implemented.
In 2024, through the follow-up audits of the enterprise-wide management diagnosis conducted in the previous year, a total of five items were checked for implementation. Furthermore, in cooperation with the Group's Autonomous Responsible Management Support Team, SK Chemicals conducted an in-depth procurement diagnosis, a Pharma management diagnosis, and a diagnostic review of its subsidiary, SK Chemicals Daejung. Improvement recommendations were communicated to relevant departments, and follow-up actions were taken.

Self-Monitoring System

SK Chemicals conducts its own self-regulation system checks to quickly respond to changes in internal and external regulations and societal demands.
In accordance with internal inspection guidelines, 94 items across six areas-cost, procurement/BP, HR, sales/recievables, investment, and special risk management-are inspected.
As a result of the 2024 inspection, the implementation of four improvement measures was recommended.

Whistleblower Investigations

SK Chemicals receives and manages whistleblower reports through various channels, including the website, phone, mail, email, and in-person interviews.
In 2024, seven management reports received through the reporting channels were deemed to require specific investigations and were reviewed.
As a result, one report concerning a violation of concurrent employment regulations were confirmed to be true, and internal disciplinary action was taken.

Anti-Corruption Reporting Results