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ESG Performance

Key ESG 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.

ESG Rating by Korea Corporate Governance Service
ESG Rating by Korea Corporate Governance Service : Classification, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
ESG Rating A A A+ A
E (Environment) A B+ A B+
S (Social) A A+ A+ A+
G (Governance) A+ A+ A+ A+
BOD Composition

(Unit : persons)

BOD Composition : Classification, 2019, 2020, 2022 Table.
Classification 2019 2020 2021 2022
Type Inside 1 1 1 1
Non-standing 4 4 4 4
Outside 6 6 6 6
Gender Male 9 9 9 9
Female 2 2 2 2
Age 50 or above 11 10 10 11
30 ∼ 50 0 1 1 0
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 2018 2019 2020 2021
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, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
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, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
No. of violations 0 0 0 0
Deliberation of Ethics Committee

(Unit : times, cases, persons)

Deliberation of the Ethics Committee : Classification, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
No. of meetings 20 14 21 16
Deliberation Operation of sales networks 23 20 18 23
Purchasing of goods & services 56 42 31 6
Others 25 7 8 15
Total 104 69 57 44
No. of disciplines due to violations of Ethics Code 2 3 4 4
No. of employees disciplined Head Office 0 0 1 1
Refinery 2 4 4 12
District Biz HQ 0 0 0 0
Terminal 0 0 0 0
Total 2 4 5 13
  • Completed investigations and follow-up actions on all violations reported by 2021.
  • 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)
  • In 2021, 1 case of procurement regulations violation (salary reduction to 2 persons, reprimand to 3 persons), 2 cases of inappropriate use of action and language between colleagues (suspension to 2 persons), 1 case of inappropriate claim for allowance (suspension to 3 persons, reprimand to 3 persons)
Ethics Management Training for Employees

(Unit : times, persons)

Ethics Management Training for Employees : Classification, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
No. of trainings 14 18 8 11
No. of participants 3,689 3,931 3,875 3,658
Participation rate 100% 100% 100% 100%
Ethics Management Training for Suppliers & Affiliates

(Unit : times, companies, persons)

Ethics Management Training for Suppliers & Affiliates : Classification, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
Suppliers No. of trainings 4 4 - -
No. of companies 365 538 1,106 1,002
No. of participants 422 583 - -
Affiliates No. of trainings 2 - 1 1
No. of companies 1 - 1 1
No. of participants 27 - 6 6

According to the government's COVID-19 quarantine regulations, trainings were replaced to the distribution of training materials in 2020 and 2021.

Self-assessment on Ethics Management

(Unit : persons, points)

Self-assessment on Ethics Management : Classification, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
No. of participants 3,316 (100%) 3,257 (100%) 3,224 (100%) 3,019 (100%)
Average score 99.5 99.6 99.4 99.6
Anti-corruption Training

(Unit : times, persons)

Anti-corruption Training : Classification, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
No. of trainings 2 2 2 2
No. of participants 3,240 3,211 3,354 3,196
Spending in Business Association

(Unit : KRW in million)

Spending in Business Association : Classification, 2018, 2019, 2020, 2021 Table.
Classification 2018 2019 2020 2021
Korea Petroleum Association 1,259 1,239 1,316 1,346
Korea Petrochemical Industry Association - 13 129 130
Ulsan Chamber of Commerce & Industry 130 130 130 120
Onsan Industrial Complex Association 82 82 82 82
Korea Employers Federation 32 33 33 33
Korea Listed Companies Association 15 15 15 15
Korea Lubricating Oil Industries Association 11 14 13 12
Others 23 24 28 31
Total 1,552 1,550 1,747 1,769

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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