Pilih Bahasa : 
EN
EN
Shared Growth
Five Shared Growth Policies
Comply with the fair trade and
other related statutes
other related statutes
- Conduct activities to disseminate the fair trade culture and the Fair Transactions in Subcontracting Act
- Operate the Internal Subcontracting Audit Committee and Subcontract Dispute Settlement Committee
- Implement the Basic Trade Contract and the Pledge for Ethics Management Practice
Improve global competitiveness
- Operate the ACE Club system targeting excellent suppliers
- Support the welfare of suppliers' workers
- Improve the subcontract payment conditions (cash payment for amounts less than KRW 100 million)
- Carry out management support activities to strengthen competitiveness
- Provide financial support, technological protection, and environment and safety consulting
- Operate the origin management system, and bolster the competency of suppliers' employees
Build a relationship of
communication and trust
communication and trust
- New Year's Meeting and Performance Sharing
- Promote various communication activities with Tier 1 and Tier 2 suppliers
- Conduct quarterly investigations on trade-related irrationalities and unfairness
- Activate TOPS (shared growth portal) operation
Establish an eco-friendly
supply chain
supply chain
- Enhance the ESG management awareness of suppliers
- Form consensus on management philosophy based on the Supplier Code of Conduct
- Secure transparency for responsible mineral sourcing through response to conflict mineral regulations
- Comply with regulations including the RoHS (Restricted Hazardous Substances) Directive
Disseminate a shared
growth culture
growth culture
- Continuously expand the Shared Growth Agreement with suppliers
- Activate the win-win payment system
- Support suppliers in facility investment and purchase operations
- Carry out corporate social responsibility activities
Key Items of the LS ELECTRIC Supplier Code of Conduct
Respect for workers' human rights (Labor)
- Ban forced labor
- Ban child labor
- Comply with the working hours
- Comply with the wage, welfare, and benefits conditions
- Provide humane treatment
Safe working environment (Health & Safety)
- Promote occupational safety
- Provide appropriate personal protective equipment
- Provide safety training for accident prevention
- Conduct risk evaluation
- Provide health checkup for workers
Eco-friendly management (Environment)
- Manage pollutants emitted from worksites
- Control hazardous chemicals
- Promote energy saving and waste reduction
- Obtain environmental permits
Compliance with
corporate ethics (Ethics)
corporate ethics (Ethics)
- Promote ethics practice and ban unfair enrichment
- Implement information disclosures
- Protect intellectual property rights
Shared growth and social
contribution (Win-Win Growth)
contribution (Win-Win Growth)
- Promote shared growth
- Cooperate for social contribution
Shared Growth Index Assessment Results
