Samsung Electronics Ranks 5th Among Global ICT Companies in Addressing Supply Chain Human Rights Violations
[Asia Economy Reporter Kang Nahum] Samsung Electronics was evaluated as one of the companies that relatively well cope with human rights violations that may occur in the supply chain among global ICT companies.
On the 15th, the international non-profit organization 'KnowTheChain' announced the results of its 2022 supply chain human rights management evaluation of 60 major global ICT listed companies, revealing that Samsung Electronics scored 46 out of 100 points, tying for 5th place with HP. Hewlett Packard Enterprise (63 points) ranked first, followed by Intel (60 points), Cisco (55 points), and Apple (52 points).
KnowTheChain, which monitors companies' product supply processes, evaluates seven categories based on the 'UN Guiding Principles on Business and Human Rights (UNGPs)': governance, risk assessment, purchasing practices, worker voice, recruitment, etc., and publishes the results biennially. It assesses how major global ICT companies respond to human rights violation risks occurring in their supply chains.
KnowTheChain reported that Samsung Electronics received the highest score among Asia-based companies. However, compared to the 2020 ranking (2nd place), it dropped three places. Samsung Electronics was ranked 7th in 2016, 6th in 2018, and rose to 2nd place in 2020, following Hewlett Packard Enterprise (HPE).
Samsung Electronics received scores of 75 in governance, 46 in risk assessment, 43 in recruitment, 40 in response, 38 in worker voice, 35 in monitoring, and 25 in purchasing practices.
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KnowTheChain explained, "Since 2020, Samsung Electronics has improved topics such as recruitment and worker voice by disclosing additional information on preventing recruitment fees imposed on workers within the supply chain and involving supplier workers in the evaluation of grievance hotlines. However, it did not show improvements in other categories, resulting in a decline in ranking."
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