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.
Credit Ratings
Credit Ratings : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| Overseas Credit Ratings |
| Moody's |
Baa2 |
Baa2 |
| S&P |
BBB |
BBB |
| Domestic Credit Ratings |
| Korea Ratings |
AA |
AA |
| NICE Investors Service |
AA |
AA |
| Korea Investors Service |
AA |
AA |
Tax, Sales, and Operating Profit by Nations (Unit : persons, KRW in million)
Tax, Sales, and Operating Profit by Nations : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| Domestic |
| Employees |
3,154 |
3,094 |
| Sales |
27,463,918 |
42,446,028 |
| Profit before tax |
1,878,020 |
2,898,542 |
| Corporate tax |
499,479 |
794,155 |
| Tax paid by cash |
212,778 |
749,437 |
| Overseas |
| Employees |
0 |
0 |
| Sales |
0 |
0 |
| Profit before tax |
0 |
0 |
| Corporate tax |
0 |
0 |
| Tax paid by cash |
0 |
0 |
- Based on consolidated financial statements prepared in accordance with K-IFRS.
- S-OIL has a single refinery in Korea. And all business activities including production, sales, administration, and planning are implemented in Korea.
Dividend Payments (Unit : KRW, %)
Dividend Payments : Category, 2021, 2022 Table.
| Category |
2022 |
2023 |
| Total dividends paid (KRW in million) |
640,409 |
198,011 |
| Cash dividend payout ratio |
30.4 |
20.9 |
| Cash dividends per share |
| Common |
5,500 |
1,700 |
| Preferred |
5,525 |
1,725 |
| Cash dividend yield |
| Common |
6.2 |
2.4 |
| Preferred |
9.4 |
3.4 |
- BBased on separate financial statements prepared in accordance with K-IFRS.
Violation of Disclosure Regulations (Unit : cases)
Violation of Disclosure Regulations : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| No. of violations |
0 |
0 |
Violation of Laws related to Customers' Personal Information (Unit : cases)
Violation of Laws related to Customers' Personal Information : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| No. of violations |
0 |
0 |
Procurement by Item (Unit : KRW in million)
Procurement by Item : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| Total |
627,832 |
1,010,475 |
| Construction & maintenance |
145,459 |
334,763 |
| General service |
96,741 |
226,357 |
| Materials |
385,632 |
449,355 |
- Excluding procurement of crude oil & products.
- There is a difference between above data and the value creation amount at Page 19, which is the cost of sales in the financial statements.
Procurement by Region (Unit : KRW in million, suppliers)
Procurement by Region : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| Amount |
| Korea |
387,434 |
790,158 |
| Asia |
132,913 |
113,052 |
| Middle East |
940 |
1,131 |
| Europe |
11,850 |
38,740 |
| America |
94,661 |
67,283 |
| Others |
34 |
111 |
| Total |
627,832 |
1,010,475 |
| No. of Suppliers |
| Korea |
1,082 |
1,102 |
| Asia |
42 |
32 |
| Middle East |
2 |
2 |
| Europe |
27 |
19 |
| America |
27 |
19 |
| Others |
2 |
1 |
| Total |
1,182 |
1,175 |
- Excluding procurement of crude oil & products.
Regular Risk Evaluation on Suppliers (Unit : %)
Regular Risk Evaluation on Suppliers : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
Regular evaluation rate
(including ESG risk) |
100 |
100 |
Suppliers Satisfaction Survey (Unit : points)
Suppliers Satisfaction Survey : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| Satisfaction score |
9.45 |
9.31 |
Supplier Invitation Program (Unit : times, companies, persons)
Supplier Invitation Program : Category, 2021, 2022 항목으로 구성된 테이블입니다.
| Category |
2021 |
2022 |
| No. of programs |
- |
- |
| No. of companies |
1,002 |
1,012 |
| No. of participants |
- |
- |
- According to the government's COVID-19 quarantine regulations, programs were replaced to the distribution of explanation materials for 2020 ~ 2022.
ESG Training for Procurement-related Teams (Unit : %)
ESG Training for Procurement-related Teams : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| Participation rate |
100 |
100 |
Violation of Improper Solicitation & Graft Act (Unit : cases)
Violation of Improper Solicitation & Graft Act : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| No. of violations |
0 |
0 |
Violation of Internal Regulations found by Compliance Monitoring (Unit : cases)
Violation of Internal Regulations found by Compliance Monitoring : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| No. of violations |
0 |
0 |
Deliberation of Ethics Committee (Unit : times, cases, persons)
Deliberation of Ethics Committee : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| No. of meetings |
16 |
21 |
| Deliberation |
| Operation of sales networks |
23 |
12 |
| Purchasing of goods & services |
6 |
12 |
| Others |
15 |
4 |
| Total |
44 |
28 |
| No. of disciplines due to violations of Ethics Code |
| Corruption or bribery |
0 |
0 |
| Discrimination or harassment |
2 |
1 |
| Customer privacy data |
0 |
0 |
| Customer privacy data |
0 |
0 |
| Money laundering or insider trading |
0 |
0 |
| Other ethics Code violations |
2 |
2 |
| Total |
4 |
3 |
- Completed investigations and follow-up actions on all violations reported by 2022.
- 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)
- 2022 : 1 case of drunk driving (salary reduction to 1 person), unauthorized hot work for personal purpose (suspension to 2 persons, warning to 1 person), use of violence between colleagues (suspension to 1 person, salary reduction to 1 person, warning to 1 person)
Ethics Management Training for Employees (Unit : times, persons)
Ethics Management Training for Employees : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| No. of trainings |
11 |
8 |
| No. of participants |
3,658 |
3,577 |
| Participation rate |
100% |
100% |
Ethics Management Training for Suppliers & Affiliates (Unit : times, companies, persons)
Ethics Management Training for Suppliers & Affiliates : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| Contractors |
| No. of trainings |
- |
- |
| No. of companies |
1,002 |
2,385 |
| No. of participants |
- |
- |
| Affiliates |
| No. of trainings |
1 |
1 |
| No. of companies |
1 |
1 |
| No. of participants |
6 |
7 |
- According to the government's COVID-19 quarantine regulations, trainings were replaced to the distribution of training materials for 2020 ~ 2022.
Self-assessment on Ethics Management (Unit : persons, points)
Self-assessment on Ethics Management : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| No. of participants |
3,019
(100%) |
3,201
(100%) |
| Average score |
99.6 |
99.4 |
Ethics Management Evaluation by Stakeholders (Unit : points)
Ethics Management Evaluation by Stakeholders : Category, 2021, 2022 Table.
| Category |
2021 |
2022 |
| Average score |
9.29 |
9.21 |
| Employees |
9.30 |
9.20 |
| S/Ss & F/Ss |
8.52 |
9.12 |
| Corporate clients |
9.40 |
9.48 |
| Contractors |
9.24 |
9.27 |
