Responsible Supply Chain

For companies conducting business globally, managing the supply chain doesn’t end with purchasing raw materials from proven suppliers. As diverse suppliers and stakeholders are connected in the supply chain, the increase in environmental and social risks require us to to comply with the laws and regulations of all regions where the supply chain is located. LG Chem’s suppliers shall also apply and manage the same strict sustainability standards as ours.

12 RESPONSIBLE CONSUMPTION AND PRODUCTION Responsible Supply Chain LG Chem

17 PARTNERSHIPS FOR THE GOALS Responsible Supply Chain LG Chem

재생

Responsible supply chain development and management

Our approach

Responsible Sourcing Policy

LG Chem is committed to building a transparent and responsible supply chain that respects human rights, the environment, and ethical business practices.
Since establishing the “Responsible Sourcing Policy” in 2020, we expanded its scope from minerals to the entire supply chain in 2025, in line with the OECD Due Diligence Guidance for Responsible Business Conduct and revised it.
LG Chem conducts ESG assessments and on-site audits of high-risk suppliers to prevent supply chain risks and support improvements, aiming to strengthen sustainable partnerships.

Responsible Sourcing PolicyRead More

Supply Chain ESG Management System

We adopt a risk-based approach to conduct ESG self-assessments for suppliers with a higher likelihood of causing negative impacts and identify specific risks. Based on the assessment results and their level of significance, we select suppliers for on-site audit. For risks identified through third-party audits, we require the development and implementation of corrective action plans and continuously monitor progress.

Supplier Code of Conduct

LG Chem has established and announced the Code of Conduct for suppliers since 2016. The Code of Conduct for suppliers consists of the following matters that the suppliers must adhere to: human rights, labor, ethical management, health, safety, environmental sustainability, responsible material procurement, and grievance system.

LG Chem proactively validates the propriety of supply chain management systems from the selection of new suppliers based on the Supplier Code of Conduct and continuously manages the risk of supply chain through regular CSR evaluation and monitoring. The Code of Conduct for suppliers is diclosed via the LG Chem website and the procurement portal.

Code of Conduct for SuppliersDownload

Grievance Handling Channel for Suppliers

LG Chem operates a grievance handling channel where all stakeholders can report instances of labor and human rights violations, involving employees of all collaborating companies in the supply chain.

All stakeholders have the opportunity to report violations occurring in our suppliers. Following the submission of a grievance, the responsible department conducts an insepection, and the results of the investigation are ultimately provided as feedback to the informant.

The confidentiality of the informant's identity and the contents of the report are rigorously safeguarded throughout the grievance handling process. We are committed to ensuring that there is no retaliation or adverse consequences for reporting.

Grievance submission

Reviewing in responsible department

Content Verification and inspection conducted

Processing completed And sharing a result to informant

We will confirm the details of your report and provide information about the investigation within 5 business days of submission.
The outcome of the investigation will be shared within 10 business days.
If the investigation is not completed within this time frame, we will provide interim results along with an estimated completion date.