SK Global Chemical wins “AAA” rating from UN GRP

SK Global Chemical announced on May 25 that it has become the first in the global petrochemical industry to receive the highest rating AAA according to the GRP (Guidelines for Reducing Plastic Waste & Sustainable Ocean and Climate Action Acceleration) certified by UN in recognition for its eco-friendly achievements including plastic waste reduction.

GRP is the global environmental guidelines and certification for climate change adaption and reduction of plastic usage. It is published on the SDG HELP DESK managed by the UN ESCAP (Economic and Social Commission for Asia and Pacific) as Best Practice in Mainstreaming SDGs and announced every May.

GRP covers 30 major issues on the global environmental issues such as plastic usage reduction, marine environment protection, and climate change adaption, and 39 global guidelines. The six industrial groups subject to assessment include ▲ infrastructure industry (petrochemical, energy, construction & plants) ▲ fashion and clothing, ▲ distribution and logistics, ▲food and beverages, ▲ beauty and cosmetics, and ▲ accommodation and restaurants.

Corporations that receive certificates from UN GRP are categorized into 4 groups: AAA, AA, and AA-. This year, around 570 enterprises across the world participated, among which 21 companies were given AAA, AA+, AA or AA- rating. AAA, the highest rating which SK Global Chemical received, is especially significant because only one company with the highest achievement in eco-friendly practices in each industry classification can be assigned.

SK Global Chemical’s good evaluation is said to be a result of the technology-based green business transformation that the company is pursuing.

“As SK Global Chemical attains the highest rating in GRP for the first time in petrochemical industry, we feel a strong sense of responsibility in realizing the grand transition into green business in global petrochemical industry,” said Na Kyung-soo, CEO of SK Global Chemical.