SK DBL
and social value (SV) on top of its previous the 'Single Bottom Line' principle focusing on economic values and profits.
We seeks to maximize the happiness of stakeholders while growing together with members of the society through DBL management practices.
SK Double Bottom Line
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Economic Value
The final result of corporate economic activities
that is generally perceived by the corporate accounting standardRevenueCosts -
Social Value
The social activity for community
benefits through economic performance while minimizing
its potential damage to the societySocially
generated
profitsSocial cost
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Change in the perception of social valuesThe current cost value of BM which is
the sum of economic and social values -
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New BM innovation as the core goalAccumulation of experience in decision-making
to increase long-term EV by raising SV
DBL, SK's management strategy for growing together with society,
is the starting point for business model innovation and corporate value enhancement.
Structure of SK’s DBL
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Innovation of SV business model,
a new core goalNeed to add SV on top of EV that has been pursued by the existing business models
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Emergence of a new corporate value
that adds social valueAdding SV to the existing corporate value represented by EV for social problem resolution
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Establishment of SK management strategy for
shared growth with societyA company that pursues a sustainable future together with society
Direction of SK DBL practices
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01
Measure the right SV performance
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02
Develop new SV business models
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03
Expand SV pursuing entities