LG Electronics Truly Committed to ESG... Supporting Overseas Partners' Certification Audits

LG Electronics announced on the 18th that it will expand support for not only domestic partners but also overseas partners to undergo external ESG (Environmental, Social, and Governance) certification audits starting this year. This is to strengthen ESG risk management in the partner supply chain.

Support will be provided for 50 domestic and international partners, including 22 electronic component partners of the Vietnam corporation, to undergo third-party ESG risk certification audits. They will be assisted together with the global certification body SGS.

As the European Union (EU) and others have recently increased regulatory levels on ESG-related laws such as supply chain due diligence laws, the ability of partners to respond to ESG risks in the supply chain has become important.

LG Twin Towers in Yeouido, Seoul.
[Photo by LG]

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LG Electronics is supporting partners to undergo ESG on-site inspections based on the RBA Code of Conduct. This encourages partners to independently prepare improvement measures. The RBA is an alliance established by major global companies such as Samsung Electronics, Apple, and Intel to fulfill social responsibility within their supply chains.

Over the past two years, LG Electronics has supported 100 domestic partners to undergo ESG management capability conformity certification audits by credible global certification bodies.

LG Electronics and the Federation of Korean Industries Small and Medium Business Cooperation Center signed a business agreement on ESG (Environmental, Social, and Governance) management support and mutual growth with partner companies on the 17th at the Federation of Korean Industries Hall in Yeouido, Seoul.
From the left, Byungsoo Kim, Head of Mutual Growth at LG Electronics Global Operation Center, and Cheolhan Park, Director of the Center.
[Photo by Federation of Korean Industries]

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As part of strengthening support for partner ESG management inspections, LG Electronics signed a business agreement yesterday with the Federation of Korean Industries' Small and Medium Business Cooperation Center for 'Partner ESG Management Support and Win-Win Growth.'

The two organizations will conduct ESG self-assessment capability evaluations and comprehensive ESG management consulting for partners. The goal is to support partners in realizing sustainable management on their own.

Wang Cheol-min, Executive Vice President and Head of LG Electronics Global Operations Center, said, "We will seek practical support measures to enhance the competitiveness of domestic and international partners in ESG as well, and build a sustainable supply chain."

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