SK Innovation Co

Sector

Energy

Headquarters

Seoul, South Korea

Official Website

eng.skinnovation.com

Climate Policy Engagement Analysis

Climate Policy Engagement Overview: SK Innovation appears to have limited engagement with climate policy in South Korea. It advocates for a long-term role for oil, while occasionally supporting electrification of transportation and Sustainable Aviation Fuel (SAF).

Top-line Messaging on Climate Policy: InfluenceMap found limited evidence of top-line messaging on climate policy by SK Innovation. In its 2024 Integrated Report published in June 2025, SK Innovation supported the Paris Agreement goals and recognized the need for urgent action to combat climate change.

Engagement with Climate-Related Regulations: InfluenceMap found limited evidence of SK Innovation’s engagement with climate-related regulations. In its 2024 CDP Climate Change response, the company disclosed that it engages with policymakers on the Korea Emissions Trading Scheme (K-ETS) but did not provide further details.

Positioning on Energy Transition: SK Innovation takes mixed positions on the energy transition, advocating for a long-term role for oil, while occasionally supporting electrification of transportation and Sustainable Aviation Fuel (SAF). In a December 2024 SK Innovation Newsroom article, the company advocated for the need for oil development while emphasizing energy security. In a June 2024 Newsroom article, the company appeared to advocate for developing new oil fields that would lock-in oil in the energy mix. However, in its 2024 Business Report published in March 2025, SK Innovation supported the electrification of light-duty vehicles. Additionally, in a July 2025 Newsroom article, SK Energy, a subsidiary of SK Innovation, supported increased use of SAF, although it was unclear whether this aligns with IPCC recommendations.

Industry Association Governance: SK Innovation has disclosed a list of its industry association memberships in its 2024 Integrated Report, but it excluded its membership to Korea International Trade Association (KITA). SK Innovation does not appear to have disclosed an account of its industry associations' positions and engagement activities. Additionally, the company has not published a review of its industry association memberships and climate policy engagement.

InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically.

This summary was last updated in Q3 2025.

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InfluenceMap Score for Climate Policy Engagement

D+

Performance Band

53%

Organization Score

54%

Relationship Score

10%

Engagement Intensity

Primary Evidence

All primary evidence used to inform the analysis of SK Innovation Co can be found in the two tabs below below. In the first tab, hyperlinks in each cell of the matrix provide access to evidence collected on SK Innovation Co's direct policy engagement activities. The second tab provides a record of any links between SK Innovation Co and the Industry Associations stored in the LobbyMap database.

DATA SOURCES
QUERIES
Main Web Site

Main Web Site

Corporate Media

Corporate Media

CDP Responses

CDP Responses

Direct Consultation with Governments

Direct Consultation with Governments

Media Reports

Media Reports

CEO Messaging

CEO Messaging

Financial Disclosures

Financial Disclosures

Communication of Climate Science

21NANSNSNSNS

Alignment with IPCC on Climate Action

2NSNSNS00NS

Supporting the Need for Regulations

NSNSNS0NSNSNS

Support of UN Climate Process

1NSNSNSNSNSNS

Transparency on Legislation

-1NA-1NANANANS

Carbon Tax

NSNSNSNSNSNSNS

Emissions Trading

0NS0NSNSNSNS

Energy and Resource Efficiency

NSNSNSNSNSNSNS

Renewable Energy

0NSNSNSNSNSNS

Energy Transition & Zero Carbon Technologies

0-1-11001

GHG Emission Regulation

NSNSNSNSNSNSNS

Disclosure on Relationships

-1NA-1NANANANS

Land Use

NSNSNSNSNSNSNS