Human Rights
LG Chem values diversity and inclusion of its employees and stakeholders, and strives to fulfill its responsibilities for human rights throughout business activities.
5 GENDER EQUALITY 8 DECENT WORK AND ECONOMIC GROWTH
Our approach
Global Human Rights & Labor Policy
LG Chem commits to fulfill its basic responsibilities to respect human dignity and uphold the right for freedom and happiness, under the principle of “People-oriented Management”. LG Chem endorses internationally recognized human rights set out in the United Nations Universal Declaration of Human Rights, the UN Guiding Principles on Business and Human Rights (UNGP), the ILO Declaration on Fundamental Principles and Rights at Work, and the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct, and comply with national and local laws in all global operations.
Since 2016, LG Chem has been applying the Global Human Rights & Labor Policy throughout its global operations, and is sharing the policy with all stakeholders affected by business activities, such as customers, business partners, and local communities, to raise and improve awareness on human and labor rights.
Human Rights Impact Assessment
In line with the “LG Chem Global Human Rights & Labor Policy”, LG Chem has developed a self-assessment checklist to evaluate risks and conduct diagnosis on various aspects of human rights including diversity, talent development, employee engagement, and labor rights. LG Chem is identifying areas of improvement through self-assessments, and is continuously revising human rights policies, improving business processes, and providing relevant training.
In 2023, LG Chem conducted human rights impact assessments on a total of three business sites, including two sites in Korea and one site overseas. LG Chem plans to expand the number of business sites and collaborate with external organizations to conduct for human rights impact assessments to mitigate potential and actual human rights impacts. Furthermore, LG Chem has established the Supplier Code of Conduct and evaluates human rights and labor risks in the supply chain.