Completes LG Electronics ESG Code of Conduct Audit... Strengthening ESG Management

Top Total Solution, a one-stop manufacturing parts specialist company (CEO Park Young-geun), announced on the 24th that it has completed the 2023 LG Electronics partner ESG (Environmental, Social, and Governance) Code of Conduct audit to strengthen ESG management.

The audit was conducted at Top Total Solution's headquarters located in Gumi as part of a support project to enable LG Electronics' partners to effectively fulfill their social responsibilities. The main focus areas of the audit included ▲respect for workers' human rights ▲safe working environments ▲environmentally friendly workplace management ▲compliance with corporate ethics ▲legal procurement of raw materials ▲and management systems.

Earlier, in March, Top Total Solution attended the LG Electronics Partners Association regular general meeting, where they focused on discussing ways to enhance ESG capabilities and strengthen manufacturing competitiveness among partners. During this meeting, LG Electronics announced plans to inspect potential risks related to fire and safety accidents, and particularly urged partners to strengthen ESG management activities through discussions on systems to reduce greenhouse gas emissions at the supply chain stage.

The background of this support project can be attributed to the rapidly increasing global trend of ESG management. The international community is already practicing ESG management through policies that strengthen corporate roles and responsibilities in environmental, social, and governance aspects. Representative examples include corporate carbon reduction, disclosure of non-financial information, and supply chain due diligence systems. Notably, the supply chain due diligence law targets not only direct suppliers but also N-tier vendors within the supply chain value chain and is expected to soon expand across the entire EU. In line with this trend, it is anticipated that the global supply chain restructuring process will present opportunities for domestic companies that proactively prepare global standards.

To comply with these global standards, Top Total Solution has faithfully implemented ESG management guidelines required not only by LG Electronics but also by LG Display since 2022. Accordingly, it has proactively established a system that meets ESG evaluation criteria, successfully securing global IT company A and global automotive parts company C as clients, both of which demand stringent ESG conditions.

Founded in 2004, Top Total Solution originated from Dongyang Industry, established in 1989. Starting with injection molding business, it has expanded into circuit, precision/optical, and mold businesses, and has also entered the electric vehicle parts sector as a new growth engine. Currently, in addition to its domestic site in Gumi, it operates nine overseas sites, and is expected to gradually expand its presence in the global market.

Park Young-geun, CEO of Top Total Solution, stated, “Through the ESG audit of LG Electronics partners, the company has established an ESG management system that can grow alongside its clients,” adding, “Going forward, the company will fulfill its social responsibilities through ESG management activities that meet global standards.”

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