SK Telecom is a South Korean telecommunications company that operates in the wireless service providers sector. The company was founded in 1984 and has since become one of the largest mobile carriers in South Korea, with over 33 million subscribers as of 2021. SK Telecom provides a range of wireless services, including voice, data, and messaging services, as well as mobile devices and accessories.
In recent years, SK Telecom has become increasingly focused on sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon emissions and transition to renewable energy sources. In 2020, SK Telecom announced that it would achieve carbon neutrality by 2025, five years ahead of the South Korean government's target of 2030. The company has also set a target to reduce its greenhouse gas emissions by 50% by 2030, compared to 2019 levels.
To achieve these targets, SK Telecom has implemented a range of initiatives focused on corporate energy and renewable energy. The company has invested in renewable energy projects, including solar and wind power, and has also implemented energy efficiency measures across its operations. SK Telecom has also entered into corporate power purchase agreements (PPAs) with renewable energy developers, which allow the company to purchase renewable energy directly from the source.
One example of SK Telecom's commitment to renewable energy is its partnership with Korea Hydro & Nuclear Power (KHNP) to develop a 500MW solar power plant. The project, which is expected to be completed by 2023, will be the largest solar power plant in South Korea and will supply renewable energy to SK Telecom and other companies. SK Telecom has also entered into a PPA with a wind power developer to purchase 40MW of renewable energy.
In addition to its focus on renewable energy, SK Telecom has implemented a range of energy efficiency measures across its operations. The company has implemented a smart energy management system that monitors and controls energy use in its buildings and data centers. SK Telecom has also introduced energy-efficient technologies, such as LED lighting and high-efficiency air conditioning systems, to reduce energy consumption.
SK Telecom's commitment to sustainability and decarbonisation has been recognized by the global community. In 2020, the company was included in the Dow Jones Sustainability Index (DJSI) for the fourth consecutive year. The DJSI is a global benchmark for corporate sustainability, and SK Telecom's inclusion demonstrates its strong performance in areas such as environmental management and social responsibility.
In conclusion, SK Telecom is a leading wireless service provider in South Korea that is committed to sustainability and decarbonisation. The company has set ambitious targets to reduce its carbon emissions and transition to renewable energy sources, and has implemented a range of initiatives focused on corporate energy and renewable energy. SK Telecom's commitment to sustainability has been recognized by the global community, and the company is well-positioned to continue leading the way in the transition to a more sustainable future.