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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.

Credit Ratings
Credit Ratings : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
Overseas Credit Ratings Moody's Baa2 Baa2 Baa2 Baa2
S&P BBB BBB BBB BBB
Domestic Credit Ratings Korea Ratings AA+ AA AA AA
NICE Investors Service AA+ AA AA AA
Korea Investors Service AA+ AA AA AA
Tax, Sales, and Operating Profit by Nations

(Unit : persons, KRW in million)

Tax, Sales, and Operating Profit by Nations : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
Domestic Employees 3,224 3,222 3,154 3,094
Sales 24,394,173 16,829,681 27,463,918 42,446,028
Profit before tax 110,351 (1,167,797) 1,878,020 2,898,542
Corporate tax 44,922 (371,689) 499,479 794,155
Tax paid by cash 0 0 212,778 749,437
Overseas Employees 0 0 0 0
Sales 0 0 0 0
Profit before tax 0 0 0 0
Corporate tax 0 0 0 0
Tax paid by cash 0 0 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, 2019, 2020, 2021, 2022, 2023 Table.
Category 2019 2020 2021 2022 2023
Total dividends paid (KRW in million) 23,380 96 442,495 640,409 198,011
Cash dividend payout ratio 37.3 - 32.1 30.4 20.9
Cash dividends per share Common 200 - 3,800 5,500 1,700
Preferred 225 25 3,825 5,525 1,725
Cash dividend yield Common 0.2 - 4.3 6.2 2.4
Preferred 0.4 0.1 6.7 9.4 3.4
  • Based on separate financial statements prepared in accordance with K-IFRS.
Violation of Disclosure Regulations

(Unit : cases)

Violation of Disclosure Regulations : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
No. of violations 0 0 0 0
Violation of Laws related to Customers' Personal Information

(Unit : cases)

Violation of Laws related to Customers' Personal Information : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
No. of violations 0 0 0 0
Procurement by Item

(Unit : KRW in million)

Procurement by Item : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
Total 863,888 961,279 627,832 1,010,475
Construction & maintenance 178,231 347,758 145,459 334,763
General service 290,787 135,884 96,741 226,357
Materials 394,870 477,636 385,632 449,355
  • Excluding 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, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
Amount Korea 603,173 677,096 387,434 790,158
Asia 23,035 214,167 132,913 113,052
Middle East 0 92 940 1,131
Europe 26,134 7,764 11,850 38,740
America 211,546 62,133 94,661 67,283
Others 0 27 34 111
Total 863,888 961,279 627,832 1,010,475
No. of Suppliers Korea 1,060 1,074 1,082 1,102
Asia 19 30 42 32
Middle East 0 2 2 2
Europe 25 23 27 19
America 62 27 27 19
Others 0 1 2 1
Total 1,166 1,157 1,182 1,175

Excluding procurement of crude oil & products.

Regular Risk Evaluation on Suppliers

(Unit : %)

Regular Risk Evaluation on Suppliers : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
Regular evaluation rate (including ESG risk) 100 100 100 100
Suppliers Satisfaction Survey

(Unit : points)

Suppliers Satisfaction Survey : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
Satisfaction score 9.46 9.43 9.45 9.31
Supplier Invitation Program

(Unit : times, companies, persons)

Supplier Invitation Program : Category, 2019, 2020, 2021, 2022 항목으로 구성된 테이블입니다.
Category 2019 2020 2021 2022
No. of programs 4 - - -
No. of companies 538 1,106 1,002 1,012
No. of participants 583 - - -

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, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
Participation rate 100 100 100 100
Violations of Improper Solicitation & Graft Act

(Unit : cases)

Violations of Improper Solicitation & Graft Act : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
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 : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
No. of violations 0 0 0 0
Deliberation of Ethics Committee

(Unit : times, cases, persons)

Deliberation of the Ethics Committee : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
No. of meetings 14 21 16 21
Deliberation Operation of sales networks 20 18 23 12
Purchasing of goods & services 42 31 6 12
Others 7 8 15 4
Total 69 57 44 28
No. of disciplines due to
violations of Ethics Code		 Corruption or bribery 0 0 0 0
Discrimination or harassment 1 2 2 1
Discrimination or harassment 0 0 0 0
Conflict of interest 0 0 0 0
Money laundering or insider trading 0 0 0 0
Other ethics Code violations 2 2 2 2
Total 3 4 4 3

Completed investigations and follow-up actions on all violations reported by 2022.

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)
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)
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, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
No. of trainings 18 8 11 8
No. of participants 3,931 3,875 3,658 3,577
Participation rate 100% 100% 100% 100%
Ethics Management Training for Suppliers & Affiliates

(Unit : times, companies, persons)

Ethics Management Training for Suppliers & Affiliates : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
Contractors No. of trainings 4 - - -
No. of companies 538 1,106 1,002 2,385
No. of participants 583 - - -
Affiliates No. of trainings - 1 1 1
No. of companies - 1 1 1
No. of participants - 6 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, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
No. of participants 3,257 (100%) 3,224 (100%) 3,019 (100%) 3,201 (100%)
Average score 99.6 99.4 99.6 99.4
Ethics Management Evaluation by Stakeholders

(Unit : points)

Ethics Management Evaluation by Stakeholders : Category, 2019, 2020, 2021, 2022 Table.
Category 2019 2020 2021 2022
Average score 9.04 9.23 9.29 9.21
Employees 9.02 9.20 9.30 9.20
S/Ss & F/Ss 8.46 9.36 8.52 9.12
Corporate clients 9.52 9.43 9.40 9.48
Contractors 9.16 9.31 9.24 9.27
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