Strengthening Regulations in Five Areas Including Labor and Occupational Safety and Health
Samsung Electro-Mechanics announced on the 12th that it has joined the Responsible Business Alliance (RBA), a supply chain consortium, to conduct ESG (Environmental, Social, and Governance) management in accordance with global standards.
RBA is a non-profit organization formed by companies affected by the global supply chain to engage in responsible business practices. More than 220 global companies participate as members.
Since 2017, Samsung Electro-Mechanics has established its own evaluation criteria, including a code of conduct for partners, based on the RBA Code of Conduct, to monitor compliance management in areas such as safety, environment, and human rights.
By joining RBA, the company plans to more strongly apply the five global codes of conduct proposed by RBA in the areas of labor, occupational health and safety, environment, business ethics, and management systems.
Samsung Electro-Mechanics has also joined the automotive parts suppliers consortium "Drive Plus." About 30 global automotive companies, including Continental, Harman, and BASF, are participating in the consortium activities.
Drive Plus is a consortium that adheres to three codes of conduct?business ethics, environment, and human rights & labor conditions?based on global international standards for the automotive industry. It pursues sustainability based on five strategies: supply chain, raw materials, working environment, carbon neutrality, and circular value chain.
Jang Deok-hyun, CEO of Samsung Electro-Mechanics, said, "As a leading company in the global electronic components industry, we will strengthen supply chain management according to global standards and grow into a trusted global company among customers and stakeholders."
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