SK Hynix
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OVERALL |
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Owned |
KOR |
Rating |
N/A |
Semiconductors
World's second largest memory chipmaker (after Samsung Electronics) and the world's third largest semiconductor company. Part of South Korea's third largest conglomerate, SK Group.
Company Ownership
SK hynix Inc | KOR | website | ||||
SK Group
owns 100% of SK hynix Inc |
KOR | website | ||||
Conglomerate South Korea's third largest conglomerate. While its largest businesses are in chemicals and energy, they operate in a variety of sectors. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
SK hynix Inc | ||||
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of A.
Source: CDP (2023)
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of B.
Source: CDP (2023)
This company received an S&P Global ESG Score of 78/100 in the Semiconductors & Semiconductor Equipment category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 18 Nov 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2022) |
In 2022 KnowTheChain benchmarked 60 information, communications and technology (ICT) companies on their efforts to identify and tackle forced labour risks in their supply chains. This company received a score of 9/100. The average score was 20/100 and the highest score was 63.
Source: KnowTheChain (2022)
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 11.96/100 (retrieved 24 Nov 2023).
Source: IPE (2023)
The 2022 Corporate Human Rights Benchmark assessed 127 companies in the food and agriculture, ICT and automotive manufacturing sectors on their human rights performance. This company received a score of 14.2%. The overall average score was a disappointing 17.3% and the highest score was 50.3%.
Source: World Benchmarking Alliance (2022)
This company reached a settlement with Toshiba in December 2014 in a lawsuit where Toshiba charged that SK hynix had wrongly acquired Toshiba's NAND flash memory technology. Under the agreement this company will pay Toshiba $278m.
Source: Nikkei Asia (2014) |
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: commit to 100% renewable power.
Source: We Mean Business (2021)
This company is a member of the Responsible Minerals Initiative (formerly the Conflict-Free Sourcing Initiative), which helps companies address conflict minerals issues in their supply chains. The RMI provides information on conflict-free smelters and refiners, common tools to gather sourcing information, and forums for exchanging best practices on addressing conflict minerals. Membership is open to companies that use or transact in tantalum, tin, tungsten or gold (3TG). Founded in 2008 by members of the Electronic Industry Citizenship Coalition and the Global e-Sustainability Initiative.
Source: RMI (2019)
This company has corporate Social Responsibility Claims on its website under the headings of ethical management, clean and safe environment, social contribution, fair trade and green product.
Source: company website (2020)
This company is a member of the Responsible Business Alliance (formerly the Electronic Industry Citizenship Coalition), a non-profit coalition of electronics companies which supports the rights and wellbeing of workers and communities worldwide affected by the global electronics supply chain. RBA members commit and are held accountable to a common Code of Conduct and utilize a range of RBA training and assessment tools to support continuous improvement in the social, environmental and ethical responsibility of their supply chains.
Source: RBA (2022)
The 2023 Digital Inclusion Benchmark ranks 200 companies on their responsibility to advance a more inclusive digital society. The companies were assessed using four measurement areas: access, skills, use and innovation. This company ranked #104/200, with a total score of 30.9/100.
Source: World Benchmarking Alliance (2023) |
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SK Group | ||||
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A-.
Source: CDP (2023)
This company received an S&P Global ESG Score of 85/100 in the Industrial Conglomerates category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 7 Feb 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2021) |
South Korea's Fair Trade Commission fined this company 2.9 billion won (US$2.5 million) for its failure to sell its 9.88% stake in SK Securities Co. Ltd within a 2 year grace period that expired in August 2017 after SK Group converted into a holding company in 2015. In addition, the anti-trust regulator ordered SK Group to sell its stake in the brokerage within one year.
Source: S&P Global News (2018) |
This company received a score of 1.5/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
Source: Newsweek (2017)
This company has sustainability claims on its website which are detailed in its annual Sustainability Reports, including a section on environmental performance.
Source: company website (2020) |
Company Details
Type | Public company |
Contact Details
Address | Republic of Korea |
Website | www.skhynix.com |