LG Innotek

ESG Management Policy

LG이노텍은 의사결정 및 행동기준이 되는 ESG 경영방침을 제정하여 시행하고 있습니다.

ESG Declaration of Action

LG Innotek declares that it will establish an ESG Declaration of Action as follows and execute it faithfully to become the Global No. 1 Material and Component Company to Bring a Better Tomorrow through honest ESG management.

1. Conduct “Eco-friendly Management” for a Healthy Earth
- Switch to renewable energy and achieve our 2040 Carbon Neutrality goal to combat climate change.
- Practice eco-friendly management by developing eco-friendly products and establishing a resource recycling system for a healthy Earth.
- Recognize the value of biodiversity and strive to preserve ecosystems. 2. Conduct “CSR Management” to Enhance Social Values
- Protect the human rights of its employees and foster a safe working environment without discrimination.
- Build a sustainable system for shared growth with its suppliers and support their ESG management.
- Practice social contribution activities for the society honestly and take the initiative in creating social values. 3. Establish a Trusted Governance Structure to Carry Out “Transparent Management.”
- Establish a trusted governance structure through elevating shareholder values and conducting transparent management of the board of directors.
- Based on the Jeong-Do management philosophy, comply with the LG Code of Ethics as well as the laws related to its business and promote the settlement of a fair-trade culture.
- Fulfill the information security requirements set by its stakeholders and build a crisis management system to secure the continuity of its business.

CEO Hyuksoo Moon

LG Innotek has established and implemented a policy for decision-making and behavior in the fields of labor, environment, health and safety, and ethics in order to fulfill social responsibility and sustainable management. In addition, LG Innotek adheres to the ten principles of UNGC by joining the UN Global Compact, and is striving to achieve the Sustainable Development Goals (SDGs).

LG Way

It means to achieve the ultimate goal of “No. 1 LG” by implementing the management principles of “Customer- Value Creation” and “People-Oriented Management” through Jeong-Do Management.

Vision

No.1 LG

LG’s vision is to lead
the industry with
broad recognition.

Code of Conduct

Jeong-Do Management

LG’s code of conduct is to build
capacity based on ethical management
and seek fair competition.

Management Principle

Customer-Value Creation,
People-Oriented Management

LG’s management principles constitute
the basis of its foundation and operation.

LG Code of Ethics

Chapter 1 - Responsibilities and Obligations to Customers
Chapter 2 - Fair Competition
Chapter 3 - Fair Transactions
Chapter 4 - Basic Ethics for Employees
Chapter 5 - Corporate Responsibilities to Employees
Chapter 6 - Responsibilities to Society and Country

Chapter 1 - Responsibilities and Obligations to Customers

We highly regard the opinions of our customers basics because they are the foundation of our business. We seek to secure unconditional trust from our customers by continuously providing them practical values.

01. Respect for Customers

We value the opinions of our customers and validate their real needs at all times. Therefore, we regard our customers as the primary standard for our decisions and conducts.

02. Creating Value

We work to create value because our customers for it is through customer satisfaction that we build the foundation of our prosperity.

03. Providing Value

We remain honest to our customers and are bound to keep our promises. We offer top-quality products and services to our customers at reasonable prices and respond to their requests with speed and accuracy.

Chapter 2 - Fair Competition

Our global business activities conform to relevant laws and regulations of our host nations. At the same time, we employ only the fair and just means in securing our competitive advantage in the global market.

01. Pursuit of Free Competition

1. We uphold the principle of the free market economic system and earn our customers' trust through top-quality products and services.
2. We treat our competitors fairly and capably and we do not intrude on or exploit their interests and weaknesses.

02. Compliance with Laws and Regulations

We conduct our domestic and overseas business activities in strict accordance with local laws and regulations and with respect to local business customs.

Chapter 3 - Fair Transactions

All business transactions will occur based on the principles of fair competition, with opportunities for all relevant entities to participate. Moreover, we build trust and cooperative relationships through fair and transparent transactions. Such relationships are built upon the long- term perspective of mutual growth.

01. Equal Opportunity

1. We offer equal opportunities to all qualified companies seeking to become our business partners.
2. All applicants are registered and selected in a reasonable manner following a fair and objective evaluation process.

02. Fair Transaction Procedures

1. All business transactions are conducted under equitable circumstances, where the terms and procedures of the transaction are to be sufficiently discussed between parties involved.
2. The use of the prominence of a position to execute an unjust transaction is forbidden.
3. The exchange of information required for a transaction is done through appropriate procedures and in a timely manner. Transaction results are evaluated on a regular basis, where complementary measures are mutually taken.

03. Support and Aid for Business Partners

We support the long-term growth of our dealers and vendors by enhancing their competitiveness through technological and managerial assistance. Our cooperation with our dealers and vendors is part of a mutual effort to promote a healthy trading environment and maintain a fair trading system. Furthermore, we share the profits derived from the business innovations.

Chapter 4 - Basic Ethics for Employees

Based on the principles of honesty and fairness, LG employees are compelled to establish correct values and fulfill their duties through continuous self-development and fairness in performance.

01. Basic Ethics

1. LG employees take pride in their company and always maintain an honest and fair attitude.
2. LG employees keep a high standard of morality and continuously strive to maintain their personal dignity and the company's honor.

02. Completion of Duty

1. LG employees faithfully accomplish their duties in compliance with the visions and policies of the company.
2. Assigned duties are carried out in the fairest and best possible manner while observing relevant laws and regulations.
3. LG employees protect and preserve company property and do not divulge confidential information gained during employment.
4. LG employees exert themselves in enhancing work efficiency through open communication and cooperation with colleagues and related departments.

03. Self-Development

LG employees take responsibility in formulating their respective ideal image of an exemplary employee and constantly strive to conform to the image through continuous self-development.

04. Fairness in Performance

1. LG employees carry out their duties based on honesty and fairness and seek to foster a sound business culture.
2. LG employees carry out their duties based on honesty and fairness, seeking to foster a sound business culture.
3. LG employees do not participate in any immoral or unethical behaviors as prescribed by social norms in performing their duties to the company or in their personal lives.

Chapter 5 - Corporate Responsibilities to Employees

LG endeavors to respect the human dignity of its employees and provides fair treatment based on their abilities and performance. LG also strives to foster creativity among its employees.

01. Respect for Human Dignity

1. LG treats each employee with trust and affection and places a high value on and individual's dignity.
2. LG takes great efforts to help employees attain pride and personal fulfillment by instilling a sense of ownership in their jobs.
3. LG establishes fair regulations and educational guidelines necessary for employees to perform their duties.

02. Fair Treatment

1. LG offers equal opportunities to all its employees based on their abilities and talents.
2. LG applies fair measures to evaluate the abilities and performances of its employees, and rewards them accordingly.

03. Promoting Creativity

1. LG makes the utmost effort to promote a working environment conducive to creative thinking and autonomous behaviors.
2. LG develops and manages its human resources on a long-term basis and gives active support to cultivating its employee's abilities.
3. LG creates a mature organizational culture that highlights mutual trust, understanding, and respect for personal lifestyles.

Chapter 6 - Responsibilities to Society and Country

LG contributes to national welfare and social development through rational business expansion that providies stable growth as a corporation and protects our stockholder’s interests.

01. Rational Business Development

1. LG conducts its business with respect to the social values at home and abroad.
2. LG enacts its business expansions based on stable corporate growth.

02. Protection of Stockholder Interest

LG protects its stockholder's interests by earning healthy profits through effective management.

03. Contribution to Social Development

LG contributes to national and social development through job creation, tax payment, and promotion of cultural and welfareprograms.

04. Environmental Conservation

LG strives to prevent environmental pollution and employs all measures necessary to conserve precious natural resources.

Human Rights and Labor Policy

LG Innotek shall establish a Human Rights and Labor Policy as follows and execute it faithfully in order to respect and guarantee human dignity and the human rights derived from it based on the philosophy of “People-Oriented Management.”

1. Support international norms related to human rights and labor, such as Universal Declaration of Human Rights, UN Guiding Principles (UNGPs), and ILO Conventions, and comply with the labor laws in all countries and regions where the company conducts its business. 2. Respect all employees and foster a working environment where there is no inhumane treatment or threat, such as mental or physical coercion, sexual harassment, and bullying. 3. Provide all employees with equal opportunities and prohibit any and all discrimination based on gender, race, age, sexual inclination, sexual identity, nationality, disability, marriage, religion, political inclination, labor activity, social standing, etc. 4. Do not restrict an employee’s mental or physical freedom unfairly nor force labor contrary to an employee's will. 5. Guarantee the freedom of association and the right for collective bargaining bestowed by the labor-related laws of the individual country or region. 6. Comply with the regulations on minimum wage, lowest age for employment, work hours, etc. set by the labor-related laws of the individual country or region.

CEO Hyuksoo Moon

LG Innotek Global Labor Policy

LG Innotek has promulgated various slogans that define its unique corporate cultural and
ethical principles, namely “Creating Value for Customers”and “People-Oriented
Management”. The company has pledged that its entire business operations shall be
conducted in a manner that respects human and labor rights, based particularly upon the LG
Code of Ethics and LG Jeong-Do Management.
LG Innotek, as per fundamental operational principles, respects employees and protects
their human rights in accordance with internationally recognized standards such as UN
Guiding Principles on Business and Human Rights and ILO’s International Labor Standards.
To this end, we will make every effort to comply with international agreements, national/
regional laws and regulations, and to maintain a good working environment with socially and
economically stable employment and adequate wages for our employees. In addition, LG
Innotek affirms that such global labor policies are the core values to be shared with all
stakeholders while requiring its business partners comply with the standards.
LG Innotek endeavors to comply with the following global labor policies in order to realize a
sustainable and respected company.

Article 1
(Respect for Human Dignity)
All employees shall be respected as humans and all endeavors shall be made to prevent inhuman treatment, either
physically or mentally, including sexual and non-sexual harassment.

Article 2
(Avoidance of Forced Labor)
Human trafficking to exploit labor shall be strictly prohibited while no one shall be forced to work against their free will by
having their mind or body unreasonably restricted with means such as violence, threat or confinement. LG Innotek will not
demand that employees surrender any government-issued identification, such as a passport, to the Company as a condition
of employment. LG Innotek will not require employees to pay any recruitment fees or other related fees for their employment.

Article 3
(Prohibition of Child Employment)
LG Innotek will abide by the local labor laws with respect to minimum age of employment.

Article 4
(Health & Safety)
LG Innotek creates the best environment for all employees’ safety and health. In particular, the Company does not permit
employees under the age of 18 to perform tasks that jeopardize their health or safety, including night shifts and overtime.

Article 5
(Fair Treatment)
LG Innotek does not offer nor authorize discriminatory hiring and employment practices such as wages, promotions, and
rewards based on gender, race, color, age, sexual orientation, gender identity and expression, ethnicity or national origin,
disability, pregnancy, religion, political affiliation, labor union activity or social status. Such discriminatory behavior shall be
addressed with the “zero tolerance principle.”

Article 6
(Working Hours)
LG Innotek will comply with the local labor laws with respect to working hours, including regular and overtime hours, and holidays.

Article 7
(Wages and Benefits)
LG Innotek will offer wages that are higher than the minimum prescribed by local law in each country or region, including
the payment of overtime rates when necessary. Deductions from wages as a disciplinary measure will not be permitted.
By doing so, LG Innotek will motivate employees, support higher community living standards, and contribute to local economic development.

Article 8
(Voluntary Association)
In order to promote an environment of trust and mutual respect, LG Innotek will provide sufficient opportunities for
employees to communicate with the company. LG Innotek also guarantees the right of employees to form and join trade
unions, to bargain collectively and to engage in peaceful assembly, as governed by local law, and will not cause any
employee to be disadvantaged because of involvement with a union, or attempting to organize one.

Article 9
(Compliance of Regulations)
LG Innotek will follow the international agreements, national/regional laws and norms and other requirements, and to
continuously improve management levels through internal inspection and improvement activities.

Safe and Environment Management System (EESH Management)

All executives and employees of LG Innotek faithfully practice the following items in the fields of safety, health, environment, and energy to improve the quality of life and sustainable management of mankind.

Safety·Environment·Energy Management Policy

All LG Innotek employees establish and faithfully implement the following
"Safety·Environment·Energy Management Policy" to improve the quality of life of
mankind and realize sustainability management.

1. Recognize safety, environment and energy as key elements of all business activities, and comply with domestic and foreign laws and requirements of stakeholders.
2. Build an organization and system suitable for the safety, environment, and energy management, disclose its goals and improvement activities transparently to all employee and stakeholders, and fulfill them faithfully.
3. Create a voluntary safety culture in which all employees participate and improve to the culture continuously to build health and safety workplaces.
4. Apply eco-friendly products, services, and technologies to minimize the environmental effect and contribute to the resource circulation and biodiversity conservation.
5. Achieve carbon neutrality by optimizing energy efficiency and expanding the use of renewable energy.

January 24, 2024

CEO Hyuksoo Moon

Safe and Environment Vision and Goals

EESH Management System

LG Innotek has established the vision of “Global No. 1 EESH Leader in the Materials and Components Industry” and is actively pursuing change management activities in each field. The company have established and managed a total of 80, 48 for health & safety, 2 for carbon neutrality, 30 for environment, regulations and guidelines for each area of safety and environment, building EESH management system, based on international standards such as ISO 45001 for Safety and Health Management System and ISO 14001 for Environmental Management System, at all domestic business sites. In particular, the Gumi 1/1A plant, designated as a green company, is taking the lead in eco-friendly management.

EESH Certification Status

Category		ISO 14001 (Environmental Management System)	ISO 45001 (Safety & Health Management System)	ISO 50001 (Energy Management System)
Korea	Gumi	~ 2023. 06. 10	~ 2023. 06. 10	~ 2025. 08. 08
	Gwangju
	Pyeontaek
	Paju	~ 2024. 09. 02	~ 2024. 09. 02
	Magok	~ 2023. 12. 21	~ 2022. 12. 21	~ 2023. 09. 22
	Ansan	~ 2023. 12. 15	~ 2023. 12. 15	-
Overseas	Yantai (China)	~ 2023. 12. 10	~ 2023. 12. 10	~ 2025. 05. 22
	Indonesia	~ 2025. 01. 04	~ 2025. 01. 04	-
	Ploland	~ 2023. 10. 12	~ 2023. 10. 12	-
	Mexico	~ 2022. 03. 06	~ 2025. 05. 24	-
	Vietnam	~ 2023. 06. 27	~ 2023. 06. 27	-

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ESG Management Policy

LG이노텍은 의사결정 및 행동기준이 되는 ESG 경영방침을 제정하여 시행하고 있습니다.

ESG Declaration of Action

LG Innotek declares that it will establish an ESG Declaration of Action as follows and execute it faithfully to become the Global No. 1 Material and Component Company to Bring a Better Tomorrow through honest ESG management.

LG Way

Vision

No.1 LG

Code of Conduct

Jeong-Do Management

Management Principle

Customer-Value Creation, People-Oriented Management

LG Code of Ethics

Chapter 1 - Responsibilities and Obligations to Customers

We highly regard the opinions of our customers basics because they are the foundation of our business. We seek to secure unconditional trust from our customers by continuously providing them practical values.

01. Respect for Customers

02. Creating Value

03. Providing Value

Chapter 2 - Fair Competition

Our global business activities conform to relevant laws and regulations of our host nations. At the same time, we employ only the fair and just means in securing our competitive advantage in the global market.

01. Pursuit of Free Competition

02. Compliance with Laws and Regulations

Chapter 3 - Fair Transactions

01. Equal Opportunity

02. Fair Transaction Procedures

03. Support and Aid for Business Partners

Chapter 4 - Basic Ethics for Employees

Based on the principles of honesty and fairness, LG employees are compelled to establish correct values and fulfill their duties through continuous self-development and fairness in performance.

01. Basic Ethics

02. Completion of Duty

03. Self-Development

04. Fairness in Performance

Chapter 5 - Corporate Responsibilities to Employees

LG endeavors to respect the human dignity of its employees and provides fair treatment based on their abilities and performance. LG also strives to foster creativity among its employees.

01. Respect for Human Dignity

02. Fair Treatment

03. Promoting Creativity

Chapter 6 - Responsibilities to Society and Country

LG contributes to national welfare and social development through rational business expansion that providies stable growth as a corporation and protects our stockholder’s interests.

01. Rational Business Development

02. Protection of Stockholder Interest

03. Contribution to Social Development

04. Environmental Conservation

Human Rights and Labor Policy

LG Innotek shall establish a Human Rights and Labor Policy as follows and execute it faithfully in order to respect and guarantee human dignity and the human rights derived from it based on the philosophy of “People-Oriented Management.”

LG Innotek Global Labor Policy

Safe and Environment Management System (EESH Management)

All executives and employees of LG Innotek faithfully practice the following items in the fields of safety, health, environment, and energy to improve the quality of life and sustainable management of mankind.

Safety·Environment·Energy Management Policy

All LG Innotek employees establish and faithfully implement the following "Safety·Environment·Energy Management Policy" to improve the quality of life of mankind and realize sustainability management.

Safe and Environment Vision and Goals

EESH Management System

EESH Certification Status

Customer-Value Creation,
People-Oriented Management

All LG Innotek employees establish and faithfully implement the following
"Safety·Environment·Energy Management Policy" to improve the quality of life of
mankind and realize sustainability management.