LG Display Joins RBA-UNGC to Strengthen ESG Management

LG Display employees are announcing the news of joining RBA and UNGC at the Paju factory in Gyeonggi-do. (Photo by LG Display)

[Asia Economy Reporter Jeong Hyunjin] LG Display announced on the 30th that it has joined the Responsible Business Alliance (RBA) and the United Nations Global Compact (UNGC) to strengthen ESG management.

The RBA is a non-profit organization composed of companies striving to fulfill social responsibility within the global supply chain. It has established and operates a code of conduct consisting of 43 standards across five areas: labor, environment, health and safety, corporate ethics, and management systems. Currently, more than 170 global companies are active members.

LG Display plans to strongly promote corporate social responsibility and ESG management through its membership in the RBA. In particular, it will inspect and improve all management activities and the entire supply chain to ensure that not only domestic and overseas business sites but also partner companies operate in accordance with the RBA code of conduct.

LG Display also announced that it will participate in the Responsible Minerals Initiative (RMI), a global coalition under the RBA related to minerals. Accordingly, it will accelerate the strengthening of an ethical and transparent mineral procurement system free from human rights and environmental issues by utilizing mineral origin and smelter information secured by the RMI and the cooperation system among member companies.

LG Display will also strengthen ESG management by joining the UNGC. The UNGC has established and presented ten principles in the areas of human rights, labor, environment, and anti-corruption, with over 14,000 companies and institutions, including HP, Microsoft, and GM, participating across 157 countries worldwide.

LG Display emphasized that, through joining these global initiatives, "As a global company, we will do our best to actively communicate with members, suppliers, and stakeholders to meet international standards across all ESG areas, including environment, social responsibility, and governance."

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