ESG Management Goals and Strategies for the Supply Chain
SAEDONG has established and is implementing a sustainable supply chain management strategy to build a sustainable value chain. We are establishing a partner company management system that considers environmental and social responsibilities, and plan to introduce a framework for proactive risk assessment and continuous monitoring across the supply chain. In addition, we operate a variety of cooperative programs to promote mutual growth with our vendors.
Establishing a Foundation for Responsible Management by Partner Companies to Strengthen the Sustainable Supply Chain
Partner Company Operational System Improvement
ㆍEstablishment of supply chain sustainability policies and implementation standards
ㆍDevelopment and systematic enhancement of the Supplier Code of Conduct
Proactive Response and Preventive Management of Supply Chain Risks
ㆍEstablishment and implementation of sustainable purchasing strategies
ㆍDevelopment and operation of a supplier risk response system
ㆍStrengthening of continuous supply chain risk monitoring
Enhancing the Capacity to Manage Environmental and Social Impacts
ㆍSupport for strengthening the sustainability management capacity of vendors
ㆍEstablishment of a fair trade culture and expansion of the foundation for mutual cooperation
Conclusion of Standard Contracts Including Compliance and Ethics Requirements for Partner Companies
SAEDONG signs standard contracts each year that reflect the principles of fair trade in order to establish a culture of trust-based transactions with vendors. To build a sustainable supply chain, we are laying the institutional foundation through the establishment of transaction standards, strengthening transparency in the selection and evaluation procedures for partner companies, and operating internal review systems. Additionally, we promote joint growth with our partner companies by providing various partnership support programs such as financial assistance, expansion of cash payments collaboration in technology development, and capacity-building training programs.
Basic ESG Principles for Partner Companies
01. Ethics & Fair Trade
ㆍProhibition of corruption and bribery
ㆍCompliance with fair competition and trade order
ㆍPrevention of conflicts of interest
ㆍProtection of intellectual property and confidential information
02. Environment
ㆍSafe management of hazardous and chemical substances
ㆍReduction of greenhouse gas emissions and energy consumption
ㆍMinimization of waste and expansion of recycling
ㆍProtection of water resources and ecosystems
03. Labor & Human Rights
ㆍProhibition of forced labor and child labor
ㆍEqual employment and non-discriminatory treatment
ㆍCompliance with laws regarding working hours and wages
ㆍGuarantee of freedom of association and collective bargaining rights
04. Health & Safety
ㆍImplementation of measures to prevent industrial accidents in the workplace
ㆍEstablishment of emergency response and crisis management systems
ㆍProtection of workers’ health and improvement of hygiene conditions
ㆍSafe handling of hazardous factors and substances
05. Management System
ㆍEstablishment and operation of ESG policies and implementation structures
ㆍCompliance with laws and customer requirements
ㆍOperation of risk assessment and internal audit systems
ㆍContinuous improvement (CI) and implementation of training programs