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SK E&C is transitioning to become an eco-friendly company and to start anew with this goal; it has also changed its name. From today, the firm will now be called “SK ecoplant.”
SK Engineering & Construction, a Korean construction company, is the third biggest affiliate under the SK Group. It is now also putting an effort to improve its Environmental, Social and Governance (ESG) management and it is starting with giving the firm a new identity.
The new name for a better future
The official new corporate name was revealed by the SK through a video titled “Deep Change Story.” The company also shared its vision for the future and discussed further why they adopted a new name.
It was said that the “SK ecoplant” title replacing SK E&C has been approved by the board during the extraordinary general shareholders’ meeting that was held at SK’s HQ in Seoul last weekend.
It turned out that it was in October last year when the construction firm filed an application for the temporary registration of three company name options. SK Impact, SK ecoplant and SK Circlers were filed at the Seoul Central District Court and now it is known that the second one has been chosen and approved.
SK ecoplant’s goal
As per The Korea Herald, SK ecoplant reflects its big push to be not just any other traditional construction business. It wants to adapt and get into innovative and eco-friendly technologies as well.
For starters, to reach its goal to be environmentally friendly, it will be applying water treatment and waste incineration in its operations. It will also seek to buy small-sized innovative firms and develop new industrial complexes and make everything safe for the surroundings while carrying out productions or work. Lastly, SK ecoplant will practice the reduce, reuse, and recycling of waste systems.
“The new corporate name signals a new start in promoting eco-friendly business ideas and related technologies,” SK’s president and CEO, Ahn Jae Hyun, said. “We shall figure out impactful business solutions so that we may grow into Asia’s top environmental enterprise in upcoming years.”
