Double Bottom Line (DBL) is a value system that takes economic value (EV) and social value (SV) in to consideration as two factors in a complete whole. Social value represents the sociability and total value of corporate management activity which contributes to solutions with regard to ‘social problems’. Social problem in this context is defined as a situation where many members of the society suffer because of systemic or structural issues and the problem can’t be solved by the efforts of an individual. The social values created during the process of corporate management activities are classified as ‘business sociality’, ‘social contribution sociality’, and ‘national economy contribution sociality’.
DBL Management System(DBLMS)
DBL Management System (DBLMS) is a guideline for the creation of social value by members of SK hynix, as well as a specific implementation of SKMS, where “the company grows along with society not only by contributing economic development, but also by creatingsocial value.” It includes guidelines for all members of SK hynix to internalize the creation of social values inside work, and encompasses the preliminary evaluation system for the creation of social values and method for applying it.
Composition and application of DBLMS
The DBL Management System (DBLMS) is composed of: the ‘DBLMS Guide,’ a guideline for members to apply to work; the ‘DBL RI (Readiness Index),’ a measurement index for the preliminary evaluation of the DBL pursuit preparation capacity of each organization andmember; and the ‘DBL RI Application Measure,’ a measure for applying the measurement results from DBL RI when establishing the next business plan.