Fulfilling Social Responsibility
LG Energy Solution values corporate social responsibility activities in ESG management, which enables to communicate and engage with communities on social and environmental issues and thereby coexist with them. Just as energy is filled by charging batteries, we want to contribute to overcoming social barriers and restoring the environment by running our business and voluntary sharing practices. As a company that practices sharing for a better future, LG Energy Solution has set three directions for our social contribution: 1) shared resilience or emotional recovery through sharing, 2) social resilience by providing opportunities for self-reliance, and 3) environmental resilience. Based on these strategic directions, we engage in a wide range of activities.
Empowering Our Suppliers
LG Energy Solution has established and implemented a mutual growth policy that promotes a fair trade culture and supports the long-term and substantial growth of our suppliers. Through this policy, we strive to establish a sustainable shared growth system that strengthens cooperative relationships and enhances the competitive edge of suppliers.
5 Strategies to Empower our Suppliers
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1 Creating a Fair Trade Culture
- Instructing legal and institutional compliance to members
- Introducing standard subcontracts
- Practicing Jeongdo Management, CP Activities
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2 Providing financial support and improving payment conditions
- Establishing 150 billion won in investment funding for mutual growth
- Offering special funding from LG Energy Solution
- Introduction of mutual growth payment system
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3 Pursuing mutual growth through safe environments and eco-friendly business
- Evaluation of facilities and workplace safety
- Sharing eco-friendly partnership
- Establishing inspection systems for material compositions
- Agreement for mutual growth through safety and health
- Support for acquiring safety and health management certification (Kosha 18001)
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4 Building capacity of suppliers
- Using domestic parts and equipment
- Technical support for suppliers
- Support for product analysis and testing
- Protection for supplier technologies (joint patent applications)
- Support in domestic and foreign markets
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5 Sharing information and exchanging ideas
- Operating purchasing portals
- Operating cooperative channels for mutual growth with SMEs
- On-site visits and meetings with suppliers
- Operating grievance feedback channels for suppliers