{"id":2894,"date":"2023-01-10T23:00:12","date_gmt":"2023-01-10T23:00:12","guid":{"rendered":"http:\/\/localhost:8080\/sk-hynix-issues-industrys-first-sustainability-linked-bond\/"},"modified":"2026-06-18T07:40:28","modified_gmt":"2026-06-18T07:40:28","slug":"sk-hynix-issues-industrys-first-sustainability-linked-bond","status":"publish","type":"post","link":"https:\/\/news.skhynix.com\/en\/sk-hynix-issues-industrys-first-sustainability-linked-bond\/","title":{"rendered":"SK hynix Issues Industry\u2019s First Sustainability-Linked Bond"},"content":{"rendered":"

News Highlights<\/strong><\/p>\n

\u00b7 Semiconductor memory industry\u2019s first issuance of ESG target-linked bond<\/strong>
\n\u00b7 Carbon emissions reduction target highlights commitment to climate action<\/strong>
\n\u00b7 Investors\u2019 orders surpass initial plan to raise USD 500 million<\/strong>
\n\u00b7 \u201cSuccessful issuance underlines expectations for a turnaround in semiconductor industry and investors\u2019 trust in SK hynix\u2019s ESG management\u201d<\/strong><\/div>\n

Seoul, January 11, 2023<\/strong>
\nSK hynix Inc. (or \u201cthe company\u201d, www.skhynix.com<\/a><\/span>) announced today that it successfully issued a Sustainability-Linked Bond (SLB) with a total amount of USD 1 billion.<\/p>\n

\u201cThe company is highly encouraged by the large-scale investment even during the downturn in the semiconductor industry,\u201d SK hynix said. \u201cWe see this as a result of global investors\u2019 trust in the company\u2019s commitment to climate action, along with the prospects of a turnaround in the semiconductor industry later this year.\u201d<\/p>\n

Orders from more than 304 global institutions surpassed the company\u2019s expectations and thus, resulted in a decision to increase the total amount of the issuance from USD 500 million to USD 1 billion.<\/p>\n

SLB is a type of bond for which the interest rates can vary depending on whether the issuer achieves predefined environmental, social, and governance (ESG) management objectives. SK hynix aims to reduce Scope 1 and 2*<\/span> greenhouse gas (GHG) emissions intensity*<\/span> by 57% compared to the company\u2019s 2020 baseline by 2026.<\/p>\n

*<\/span> Scope 1 and 2: Scope 1 is direct emissions generated in the production stage, while Scope 2 is indirect energy-related emissions generated in the process of making electricity or steam used in workplace<\/p>\n

*<\/span>GHG emissions intensity: carbon dioxide emissions per unit(1Gb eq.) of semiconductor memory production<\/p>\n

With SLB recently having been thrust into the limelight as one of the corporate sustainability management strategies, SK hynix became the first global semiconductor memory manufacturer to issue such bond.<\/p>\n

The company plans to disclose the performance against target for GHG emissions reduction transparently in its Sustainability Reporting System (SRS) every year. The company, subsequently after 2026, will also measure the final target achievement during the first half of the following year and adjust interest rates according to the results.<\/p>\n

Prior to the issuance, SK hynix received second-party opinions from global verification organizations on its predefined ESG targets. Moody\u2019s and DNV*<\/span> evaluated that the company\u2019s sustainability performance target is \u201cambitious\u201d and that it will have a \u201csignificant contribution\u201d to corporate sustainability management when achieved.<\/p>\n

*<\/span> DNV (Det Norske Veritas): A global verification organization headquartered in Norway<\/p>\n

Woo-hyun Kim, Head of Finance at SK hynix said, \u201cThe successful issuance of SLB is seen as a result of global investors\u2019 recognition of the company\u2019s commitment to climate action,\u201d adding the company \u201cwill continue to lead ESG management and contribute to increasing both economic value (EV) and social value (SV).\u201d<\/p>\n

Meanwhile, along with SLB, SK hynix issued a green bond with an amount of USD 750 million along with SLB. Green bond is a type of bond with a special purpose, limited to use only to fund environmentally friendly projects. The company plans to invest in eco-friendly projects including water quality management, energy efficiency improvement, pollution prevention and ecological restoration with the funds raised through the green bond.<\/p>\n

Disclaimer<\/strong>
\n\u201cThese materials are not an offer for sale of the securities of SK hynix Inc. in the United States. The securities may not be offered or sold in the United States absent registration with the U.S. Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. SK hynix Inc. does not intend to register any offering in the United States or to conduct a public offering of securities in the United States.\u201d<\/p>\n

About SK hynix Inc.<\/strong>
\nSK hynix Inc., headquartered in Korea, is the world\u2019s top tier semiconductor supplier offering Dynamic Random Access Memory chips (\u201cDRAM\u201d), flash memory chips (\u201cNAND flash\u201d) and CMOS Image Sensors (\u201cCIS\u201d) for a wide range of distinguished customers globally. The Company\u2019s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com<\/a><\/span>, news.skhynix.com<\/a><\/span>.<\/p>\n

Media Contact<\/strong>
\nSK hynix Inc.
\nGlobal Public Relations<\/p>\n

Technical Leader<\/em>
\nKanga Kong
\nE-Mail: global_newsroom@skhynix.com<\/a><\/span><\/p>\n

Technical Leader<\/em>
\nJoori Roh
\nE-Mail: global_newsroom@skhynix.com<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

News Highlights Semiconductor memory industry\u2019s first issuance of ESG target-linked bond Carbon emissions reduction target highlights commitment to climate action Investors\u2019 orders surpass initial plan to raise USD 500 million \u201cSuccessful issuance underlines expectations for a turnaround in semiconductor industry and investors\u2019 trust in SK hynix\u2019s ESG management\u201d Seoul, January 11, 2023 SK hynix Inc. [\u2026]<\/p>\n","protected":false},"author":23,"featured_media":2627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_migrated_source_id":10748,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[4],"tags":[163,307,308,48,309],"class_list":["post-2894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press","tag-esg","tag-green-bond","tag-slb","tag-social-value","tag-sustainability-linked-bond"],"acf":[],"_links":{"self":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/2894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/comments?post=2894"}],"version-history":[{"count":2,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/2894\/revisions"}],"predecessor-version":[{"id":10378,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/posts\/2894\/revisions\/10378"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media\/2627"}],"wp:attachment":[{"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/media?parent=2894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/categories?post=2894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.skhynix.com\/en\/wp-json\/wp\/v2\/tags?post=2894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}