LG Display made an announcement on April 30 that it has joined the Responsible Business Alliance (RBA) and the United Nations Global Compact (UNGC) to strengthen ESG management.
RBA is a non-profit organization consisting of companies striving to fulfill their social responsibilities within the global supply chain.
It has established and operated 43 standards for behavior in five areas, including labor, environment, safety and health, corporate ethics, and management systems, with more than 170 global companies currently operating as member companies.
LG Display is planning to push for more social responsibility and ESG management by joining RBA.
In particular, all management activities and supply chains will be strictly inspected and improved so that not only domestic and foreign businesses but also suppliers can be operated in accordance with the RBA code of conduct.
It also participates in the Responsible Minerals Initiative (RMI), a global consultative body on minerals under the RBA.
By actively utilizing the information of mineral origin and smelter secured by RMI and the cooperative system between member companies, it will also step up efforts to strengthen the ethical and transparent mineral purchasing system without human rights and environmental problems.
Along with RBA, LG Display is also joining UNGC, the world's largest voluntary initiative established for sustainable development of the global economy, to strengthen ESG management.
UNGC establishes and presents the top 10 principles in human rights, labor, environment, and anti-corruption, and has more than 14,000 companies and institutions, including HP, Microsoft, and GM, from 157 countries around the world.
LG Display emphasized, "As a global company, we will do our best by actively communicating with member companies, suppliers, and stakeholders to meet international standards in all areas of ESG such as environmental, social responsibility, and governance."
