LGU+ Obtains Global Compliance Management System Certification... Expanding ESG Management Framework

[Asia Economy Reporter Oh Soo-yeon] LG Uplus announced on the 18th that it has become the first among the three major domestic telecommunications companies to obtain the 'ISO37301' certification for its Compliance Management System.

With this, LG Uplus has acquired international accreditation in the compliance field, following information security (ISO27001), environmental management (ISO14001), and occupational health and safety (ISO45001). This enables the company to further expand its ESG (Environmental, Social, and Governance) management framework.

This certification was confirmed after a rigorous audit by BSI, a global certification authority. Through this audit, LG Uplus was recognized for having a compliance management system covering a total of eight areas: telecommunications business, fair trade, information protection, occupational health and safety, human resources and labor, anti-corruption, intellectual property rights, and corporate governance.

In particular, LG Uplus has strengthened compliance management this year through activities such as enhancing risk management using the 'Risk Identification Evaluation Table,' compliance inspections via the compliance support system, and verifying the effectiveness of education through online compliance training and tests. The Risk Identification Evaluation Table is designed to intuitively specify laws applicable to each department, such as the Telecommunications Business Act, Personal Information Protection Act, Fair Trade Act, and Industrial Safety and Health Act, allowing employees to efficiently confirm compliance obligations and manage risks.

LG Uplus plans to continuously advance its compliance system by maintaining and managing the compliance management system for the annual ISO37301 maintenance audit, as well as through revising and establishing compliance guidelines, strengthening communication and messaging related to compliance, and enhancing management discussions on compliance issues.

Meanwhile, ISO37301, established by the International Organization for Standardization (ISO) in April last year, is an international certification standard designed to evaluate whether a company's compliance policies, risk management, and operations meet global standards. Certification bodies assess and certify whether companies have properly established systems to protect organizations and employees from potential risks through adherence to regulations and ethical management. Certified companies undergo annual maintenance audits and re-certification audits every three years to continuously monitor their systems.

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