LG Energy Solution Practices ESG from Battery Material Procurement Onward

First Domestic Battery Industry Membership in Global Consortium 'RBA'
Simultaneous Joining of 'RLI' for Human Rights Respect and 'RMI' for Responsible Mineral Sourcing

[Asia Economy Reporter Hwang Yoon-joo] LG Energy Solution has expanded its ESG (Environmental, Social, and Governance) management beyond carbon neutrality and renewable energy transition to include the global supply chain.

On the 4th, LG Energy Solution announced that it has become the first domestic battery company to join the global consortium RBA (Responsible Business Alliance).

RBA is an industry consortium responsible for corporate social responsibility in the global supply chain, with over 180 companies participating, including global IT and automotive firms such as Apple, Google, Volkswagen, and Tesla.

Through joining RBA, LG Energy Solution plans to apply the global code of conduct proposed by RBA in five areas?labor, health and safety, environment, business ethics, and management systems?to its corporate management.

By doing so, LG Energy Solution aims to proactively prevent risks that may arise in the supply chain and to inspect and improve the entire supply chain so that domestic and overseas business sites and partners operate according to RBA standards.

Additionally, LG Energy Solution has also joined RBA’s subgroups RLI (a consortium for respecting human rights and securing diversity) and RMI (a consortium focused on responsible mineral sourcing and supply chain management). Especially, since European automotive OEMs currently verify RMI membership when evaluating partner companies, this is an essential requirement for global battery companies.

With this membership, LG Energy Solution plans to strengthen ESG evaluation and management of its supply chain based on global standards as a leading energy company, while solidifying its industry-leading position through emphasis on human rights, diversity, and responsible mineral sourcing.

Meanwhile, LG Energy Solution has previously announced its ESG vision, "We CHARGE toward a better future," along with seven core tasks. As part of this, it plans to further enhance ESG management by transitioning to renewable energy (RE100) by 2030 and achieving carbon neutrality by 2050.

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