Samsung Display announced on Feb. 21 that it has joined the Responsible Business Alliance (RBA) to lead ESG value management that is suitable for global standards.
RBA is an alliance of socially responsible companies within the global supply chain and is operating "RBA Code of Conduct" based on various international norms to raise the level of corporate ethics.
Currently, 160 global companies such as Samsung Electronics, Apple, and Intel are working as RBA members.
With this RBA membership, Samsung Display will not only comply with related domestic laws but also apply global rules of conduct in five areas proposed by RBA, including labor, safety, and health, environment, corporate ethics, and management systems, to corporate management.
In particular, the company will continue to make practical efforts to strengthen on-site inspections and objective due diligence on management systems, working environments, and establish ESG management so that domestic businesses, overseas businesses, and business partners can operate according to RBA standards.
To this end, Samsung Display is planning to conduct a VAP (Validated Assessment Program) this year and conduct an on-site evaluation of compliance with RBA standards by professional evaluation institutions.
Samsung Display is making company-wide efforts by establishing a "Sustainable Management Secretariat" to strengthen ESG management, including joining RBA, and forming a consultative body involving all business units.
Earlier this year, the company also laid the foundation for systematically promoting ESG management by establishing mid-to-long-term goals in five areas of key promotion: climate change, resource circulation, sustainable products, win-win cooperation, and local communities.
"Samsung Display is a leading company in the global display industry and will grow into a global company that is trusted by customers and members of society, and contributes to the development and happiness of mankind," said Shin Jae-ho, vice president of the management support office.
