LG Energy Solution joins Responsible Business Alliance to strengthen ESG management
•LG Energy Solution becomes member of Responsible Business Alliance (RBA) as it drives sustainable value across its supply chain
•Battery maker actively engages in corporate social responsibilities by thoroughly incorporating global expectations into its management strategy
SEOUL, November 4, 2021 - LG Energy Solution, the world’s leading battery manufacturer, said Thursday that it has joined the Responsible Business Alliance (RBA) to boost its ESG involvement, becoming the first Korean battery maker to have joined the pack.
Comprised with some 180 global firms, the RBA is the world’s largest industry coalition dedicated to corporate social responsibility in global supply chains. It also holds its members accountable to a Code of Conduct that aspires for a higher level of corporate ethics.
By entering the coalition, LG Energy Solution is committed to ensuring its supply chain in a sustainable and ethical manner. LGES said it will actively incorporate global expectations into its management strategy with regard to five critical sections of the RBA Code –labor, health and safety, environment, business ethics and management systems.
LGES will also encourage its operations and its partner companies around the world to follow the RBA’s Code of Conduct by thoroughly looking into their business activities and supply chains to meet the global standards.
With the membership, LGES also becomes a member of RBA’s Responsible Minerals Initiative (RMI), a global initiative focused on minerals supply chains and Responsible Labor Initiative (RLI), a drive ensuring rights of workers vulnerable to forced labor. With the rapid increase in the importance of supply chain management, the RBA membership will allow LGES the opportunity to effectively administer its sustainable production worldwide while allowing for better management of its labor force.
LG Energy Solution has long been prioritizing green values in the entire process of manufacturing, including the procurement of mineral resources. Through the membership, it aims to zero-in on its ESG management while solidifying its position as a liable international manufacturer that meets our customers’ demand.
In addition to joining RBA membership, LG Energy Solution is devoting company-wide effort to reinforce its ESG performance. Previously, LGES announced its new environmental, social and governance vision, promising to go carbon neutral by 2050 and establishing circular value chain for resources by 2025.