Samsung Display Accelerates ESG Management... Joins RBA

[Asia Economy Reporter Kim Heung-soon] Samsung Display is accelerating its ESG (Environmental, Social, and Governance) management, which has become a hot topic in the business community.

Samsung Display announced on the 21st that it has joined the Responsible Business Alliance (RBA) to lead ESG value management in line with global standards.

RBA is an alliance of companies committed to social responsibility within the global supply chain. To improve corporate ethics, it has established and operates the 'RBA Code of Conduct' based on various international standards. Currently, over 160 global companies, including Samsung Electronics, Apple, and Intel, are members.

With this RBA membership, Samsung Display plans to strictly apply the global code of conduct proposed by RBA in five areas: labor, health and safety, environment, corporate ethics, and management systems, in addition to complying with relevant domestic laws. In particular, it will ensure that both domestic and overseas business sites, as well as partner companies, operate according to RBA standards.

To this end, Samsung Display plans to conduct on-site evaluations of compliance with the RBA Code of Conduct through a third-party assessment by a professional evaluation agency under the VAP (Validated Assessment Program) this year.

Samsung Display is making company-wide efforts to strengthen ESG management, including establishing a 'Sustainable Management Office' and forming a consultative body involving all business divisions.

Shin Jae-ho, Vice President and Head of Management Support Office at Samsung Display, said, "We will prioritize environmental and social values in every process of product manufacturing and grow into a trusted company by customers and society, as well as a global company contributing to human progress and happiness."

This content was produced with the assistance of AI translation services.