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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.

Fair Trade Compliance Program (CP)

The Compliance Program (CP) is an internal compliance system established and operated by companies to proactively prevent violations of fair trade laws. It includes the CEO’s commitment to compliance, the designation of a compliance officer responsible for program operations, monitoring systems for detecting potential violations, fair trade compliance training, and the publication of a compliance program handbook.

Eight Core Elements

  • 1

    Establishment and implementation of CP standards and procedures

  • 2

    CEO’s commitment and support for compliance

  • 3

    Appointment of a compliance officer responsible for CP operation

  • 4

    Development and utilization of a compliance handbook

  • 5

    Continuous and systematic compliance training

  • 6

    Establishment of an internal monitoring system

  • 7

    Disciplinary measures against employees who violate fair trade laws

  • 8

    Evaluation of effectiveness and implementation of improvement measures

Operating Organization

Supporting Shared Growth with Suppliers

01

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
02

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
03

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
04

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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