S-OIL releases 2025 ESG report highlighting climate action ...

S-OIL releases 2025 ESG report highlighting climate action and safety management achievements

S-OIL said on Aug. 6 that it released its 2025 ESG report, outlining the company's major ESG achievements and progress. Based on a double materiality assessment, the report identifies industrial safety and health, climate change response, environmental pollution management, compliance and ethical management, and financial soundness and transparency as its key reporting topics.

The company said it is pursuing a range of carbon reduction initiatives, including process optimization, the use of low-carbon utilities, hydrogen adoption, carbon capture and utilization, and emissions allowance procurement, while continuing to invest in environmental facilities. The report also highlights S-OIL's strategy to strengthen its business portfolio through the Shaheen Project, the company's largest-ever investment, to expand its petrochemical business and enhance long-term growth.

In addition, S-OIL said it continues to strengthen its proactive safety management system to prevent workplace accidents and has maintained ISO 37301 certification for its compliance management system since becoming the world's first company to obtain the certification in 2021. The report also includes improvements to the company's ESG disclosure process and governance, along with an ESG databook containing key sustainability data.