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s-oil

ESG Performance

Key Sustainability Management Performances

S-OIL is committed to creating stakeholder value through sustainable growth, contributing to the happiness of mankind as well as the development of society and economy. To this end, we dedicate not only to promoting bold innovation in entire business areas for enhancing our quality competitiveness and brand value but also to practicing shared growth with business partners and local communities based on the management philosophy centered on co-prosperity, fulfilling our responsibility as a corporate citizen

Corporate Governance Rating by Korea Corporate Governance Service
Corporate Governance Rating by Korea Corporate Governance Service : Classification, 2017, 2018, 2019, 2020 Table.
Classification 2017 2018 2019 2020
Corporate governance rating A+ A+ A+ A+
BOD Composition

(Unit : persons)

BOD Composition : Classification, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
Type Inside 1 1 1 1
Non-standing 4 4 4 4
Outside 6 6 6 6
Gender Male 10 9 9 9
Female 1 2 2 2
Age 50 or above 11 11 10 10
30 ∼ 50 0 0 1 1
Under 30 0 0 0 0
Total 11 11 11 11
No. of Shares

(Unit : shares)

No. of Shares : Classification, Voting rights, No. of shares, Ratio Table.
Classification Voting rights 2017 2018 2019 2020
Total 116,604,719 (100.0%) 116,604,719 (100.0%) 116,604,719 (100.0%) 116,604,719 (100.0%)
Common stock 1 vote 112,582,792 (96.6%) 112,582,792 (96.6%) 112,582,792 (96.6%) 112,582,792 (96.6%)
Preferred stock none 4,021,927 (3.4%) 4,021,927 (3.4%) 4,021,927 (3.4%) 4,021,927 (3.4%)

There are no golden shares issued holding special voting and veto rights.

Violations of Improper Solicitation & Graft Act

(Unit : cases)

Violations of the Improper Solicitation & Graft Act : Classification, 2017, 2018, 2019, 2020 Table.
Classification 2017 2018 2019 2020
No. of violations 0 0 0 0
Violation of Internal Regulations found by Compliance Monitoring

(Unit : cases)

Violation of Internal Regulations found by Compliance Monitoring : Classification, 2017, 2018, 2019, 2020 Table.
Classification 2017 2018 2019 2020
No. of violations 0 0 0 0
Deliberation of Ethics Committee

(Unit : times, cases, persons)

Deliberation of the Ethics Committee : Classification, 2017, 2018, 2019, 2020 Table.
Classification 2017 2018 2019 2020
No. of meetings 18 20 14 21
Deliberation Operation of sales networks 16 23 20 18
Purchasing of goods & services 42 56 42 31
Others 5 25 7 8
Total 63 104 69 57
No. of disciplines due to violations of Ethics Code 3 2 3 4
No. of employees disciplined Head Office 2 0 0 1
Refinery 4 2 4 4
District Biz HQ 0 0 0 0
Terminal 0 0 0 0
Total 6 2 4 5
  • Completed investigations and follow-up actions on all violations reported by 2020.
  • In 2017, 1 case of money borrowing exceeding the reasonably acceptable level (salary reduction to 1 person), 2 cases of inappropriate use of language between colleagues (suspension to 2 persons, salary reduction to 1 person, reprimand to 1 person, warning to 1 person)
  • In 2018, 1 case of slander to S-OIL based on false facts and unauthorized use of e-mail (suspension to 1 person), 1 case of violence at work (suspension to 1 person)
  • In 2019, 1 case of procurement regulations violation (disciplinary dismissal to 2 persons), 1 case of monetary transaction between colleagues (reprimand to 1 person), 1 case of negligence (salary reduction to 1 person)
  • In 2020, 1 case of procurement regulations violation (salary reduction to 2 persons), 1 case of inappropriate use of language and violence between colleagues (suspension to 1 person), 1 case of inappropriate action between colleagues (suspension to 1 person), 1 case of inappropriate claim for allowance (suspension to 1 person)
Ethics Management Training for Employees

(Unit : times, persons)

Ethics Management Training for Employees : Classification, 2017, 2018, 2019, 2020 Table.
Classification 2017 2018 2019 2020
No. of trainings 21 14 18 8
No. of participants 3,947 3,689 3,931 3,875
Participation rate 100% 100% 100% 100%
Self-assessment on Ethics Management

(Unit : persons, points)

Self-assessment on Ethics Management : Classification, 2017, 2018, 2019, 2020 Table.
Classification 2017 2018 2019 2020
No. of participants 2,729 (86%) 3,316 (100%) 3,257 (100%) 3,224 (100%)
Average score 99.1 99.5 99.6 99.4

The figure in 2019 has been modified, reflecting data duplication. (3,316→3,257 persons, 99.5→99.6 points)

Anti-corruption Training

(Unit : times, persons)

Anti-corruption Training : Classification, 2017, 2018, 2019, 2020 Table.
Classification 2017 2018 2019 2020
No. of trainings 7 2 2 2
No. of participants 3,208 3,240 3,211 3,354
Spending in Business Association

(Unit : KRW in million)

Spending in Business Association : Classification, 2017, 2018, 2019, 2020 Table.
Classification 2017 2018 2019 2020
Korea Petroleum Association 1,172 1,259 1,239 1,316
Ulsan Chamber of Commerce & Industry 120 130 130 130
Korea Petrochemical Industry Association - - 13 129
Onsan Industrial Complex Association 85 82 82 82
Korea Employers Federation 32 32 33 33
Korea Listed Companies Association 15 15 15 15
Korea Lubricating Oil Industries Association 12 11 14 13
Others 24 23 24 28
Total 1,460 1,552 1,550 1,747

Through the Ethics Code, S-OIL strictly bans employees to use its organization, manpower, and assets for the purpose of providing political funds or for political purposes. The Company is only affiliated with associations aimed at promoting industries, which guarantee political neutrality.

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