Social
Shared Growth
LG Energy Solution has established and implemented a mutual growth policy that fosters a fair trade culture and supports the long-term and substantial growth of our suppliers. Through this policy that provides various support, we are working hard to establish a sustainable shared growth system that strengthens cooperative relationships and enhances the competitive edge of suppliers.
Supporting Shared Growth with Suppliers
Creating a Fair Trade Culture
LG Energy Solution manages the entire supplier transaction process to ensure compliance with applicable laws and regulations
- The Subcontracting Review Committee
- The dispute mediation organization
- “Shared Growth Day” Event
- Mutual Growth VOCs (Voice of Customers) Management
Improving Suppliers Finance
LG Energy Solution operates financial support programs to help suppliers respond to rapidly changing business environments.
- Shared Growth Investment Support Fund
- Joint Project Guarantee Programs
- Improvement of Payment Conditions
- Shared Growth Payment System
- Payment Monitoring System
Enhancing Capability of Suppliers
LG Energy Solution operates capacitybuilding programs to strengthen the management capabilities of its suppliers and support their sustainable growth
- Support for Management Diagnostic Consulting
- Participation in the Infrastructure Support Program for SME CBAM Compliance
- Support for Technical Data Escrow Costs
Supporting Suppliers’ Recruitment and Capacity Building
LG Energy Solution operates support programs to help suppliers overcome recruitment challenges and enhance the job competencies of their employees, thereby enabling them to attract and retain top talent.
- Smart Learning Programs suppliers’
- Online Recruitment Platform for suppliers
- Strategic Industry Talent Retention Mutual Aid Program
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