Samsung SDI is the first recipient of the business ethics grand prize in the electronics and electric industry in Korea. Starting from 2003, the KABE, which is composed of professors of many universities specializing in business management, is giving the Business Ethics Grand Prize to a company that has achieved a high level of corporate ethics and social responsibility.
In 2006, Samsung SDI has been selected as a member of the Dow Jones Sustainability Index (DJSI) for three years consecutively. Being a member of the DJSI and being an awardee of the prize shows at home and abroad that Samsung SDI is truly a leading company that is faithfully observing and fulfilling its social responsibility and operating according to corporate ethics. There are three criteria in selecting winners of the prize -- fair management, corporate ethics management, and management officers -- and 19 detailed items to be taken into consideration.
In 2003, Samsung SDI published a sustainable management report for the first time in Korea, and prepared an ethics management site for both senior management and employees. In April 2006, the company had a companywide meeting to present the implementation strategy of ethics management.
Because of all these efforts, it is reported that Samsung SDI has received a nearly perfect mark in every criteria. In addition, in order to fulfill social responsibility, the company has included the code of ethics in its management courses, educating their personnel, and harmonizing both profit seeking and business ethics.
Moreover, for the sake of transparent management, this company has more outside directors than inside directors. It has tried to build decision-making systems that can properly pursue shareholder profits and social responsibility at the same time. For the creation of environmental value, it has prepared five strategies and built an econetwork.
In order to practice environmental management, Samsung SDI is trying to develop environmentally-friendly products from the beginning stage of development.
As for social contribution activities for the community, Samsung SDI is operating a guide and assistance dog center, giving free eyesight recovery operations, and practicing a matching grant system. A variety of social service coteries are taking the lead in making contributions to the community.
In the review comments, KABE said: "Samsung SDI has tried to practice systematic and sustainable ethics management, and succeeded in showing a model corporate image as a global enterprise."
Meanwhile, Samsung SDI President Kim said: "Our Company will continue to make efforts to fulfill not only our business goals, but also social and ethical responsibility so that we may receive trust and respect from people all over the world."
