Building Sustainable Battery Ecosystem

Managing ESG Risks at Our Operating Sites

LG Energy Solution operates an ESG risk management framework across our business sites as part of its battery value chain ESG risk management.

Operating Sites ESG Risk Management Framework

LG Energy Solution works to identify and address potential ESG risks and thereby ensure the compliance with ESG-related regulations at each of its business sites under the company-wide ESG risk management framework. We intend to roll out an ESG risk management process on a regular basis, encompassing self-assessment, on-site audit verified by a third-party, identification and planning of corrective actions, and continuous monitoring of their implementation. We also work to disclose information in a transparent manner on procedures and outcomes of the evaluation as well as the implementation status of measures for improvement.

01

Key areas of ESG risk assessment

  • Environmental Impacts
  • Human rights impacts
  • HR / labor policy and programs
  • Occupational safety and health
  • Responsible Sourcing
  • Ethics management

02

Conducting ESG risk assessment
at facility level

  • Self Assessment Questionnaire
  • Third-party on-site audit

03

Identification and Planning of
Corrective Actions

04

Transparent disclosure of assessment
result and corrective actions
implementation status

Promoting Global Recognition

LG Energy Solution also works to ensure our policies, procedures, management systems and operations at both corporate and facility levels meet international standards in conjunction with internationally recognized certification process such as ISO.

* Status of ESG-related Certifications Acquired (As of March 2023)

  • Environment
    ISO 14001 Environmental management systems : All global manufacturing subsidiaries and R&D Campuses
  • OHS
    ISO 45001 Occupational health and safety management systems :All global manufacturing subsidiaries and R&D campuses
  • Energy
    ISO 50001 Energy management systems : Domestic plant and NJ manufacturing subsidiary in China
  • Compliance
    ISO 37301 Compliance management systems : Domestic sites (the headquarters) and NJ manufacturing subsidiary in China
  • Information Security
    ISO 27001 Information security management systems : Domestic sites (Ochang Energy Plant and R&D Campuses * TISAX certification acquired at WA subsidiary in Poland
  • Business Continuiy
    ISO 22301 Business Continuiy management systems : Domestic sites (the headquarters and Ochang Energy Plant)