ESG Vision and Strategy

LG Innotek’s ESG Vision of creating a sustainable company, society, and planet by working with customers, “Enable the Next through Sustainability” outlines the company's future direction, with the goal of creating a sustainable society, a healthier planet and a brighter community through transparent management. The strategic directions for each ESG area are embodied in “Green management for a healthier planet,” “Partnerships for elevating social value,” and “Trustworthy Governance.” LG Innotek is implementing ESG management through the promotion of 12 key tasks.

Execution System

ESG Governance and Operation

ESG Board Committee is established to integrate ESG elements into company-wide decision making and management, which
consists of members of the CEO and the 4 outside directors. Besides, ESG Executive Committee serves as enhancing the
implementation competency, with the CFO taking the chair and related divisions/departments participating.

Risk Management

Based on the code of conduct of the Responsible Business Alliance (RBA), LG Innotek reviews and reports on risk management
in five specific areas: labor and human rights, safety and health, environment, ethics, and management systems of its business
sites at home and abroad. In addition, the company identifies and resolves the problems found by inspections through the Self-
Assessment Questionnaires (SAQ) and on-site verification.

Change Management

Ongoing internal training and publicity programs on ESG are considered important that employees, who are the subjects of
creating values, are aware of sustainability and fulfill it while working. Meanwhile, cooperation with related departments to
respond to global ESG regulations/trends is enhanced, in order to internalize the ESG activities proactively.

Stakeholder Engagement

LG Innotek has been publishing a Sustainability Report once a year since 2010 to promote stakeholder communication, and has been continuously expanding disclosure of related information. In addition, we actively listen to opinions through communication channels for each stakeholder such as customers, employees, shareholders, suppliers, and local communities.