Social Human rights
management

Social Human rights
management

컨텐츠 그룹영역

Respect for

Human Rights

"The basis of management is that human dignity cannot be ignored."

My standpoint is that the basis of management is that human dignity cannot be ignored.

There are the times when everyone argues that companies should respect people because they are what people do, but the details often don’t seem to be more generous with employees or a better welfare.

Not only are both absolutely necessary, but from my perspective, it should mean that real management that respects human dignity can be achieved when a more fundamental effort is made to foster people.“

- From the Memoirs of the Founder of Hyosung Group, Hong-je Cho -

Human Rights Declaration and
Human Rights Management Policy

As a global enterprise grounded in one of the founding philosophies of the Hyosung Group—“Respect for Humanity”—Hyosung TNC Co., Ltd. fully supports and respects internationally recognized human rights and labor standards. These include the Universal Declaration of Human Rights, the International Labour Organization (ILO) Core Conventions, and the OECD Guidelines for Multinational Enterprises. In alignment with the first principle of the United Nations Global Compact (UNGC), which states that "Businesses should support and respect the protection of internationally proclaimed human rights," Hyosung TNC is committed to embedding human rights into its global operations.

Hyosung TNC has publicly declared its Human Rights Management Policy along with a formal statement by the CEO on human rights management. Through these actions, the company is actively working to protect and promote the human rights of all stakeholders—employees, partners, customers, and others—who are directly or indirectly connected to its business activities.

Human Rights Management System and Roadmap
2030 Roadmap for Human Rights Management
  • Hyosung TNC Co., Ltd. is committed to upholding human rights not only for its internal members but also for all stakeholders involved in its business activities. To this end, the company integrates human rights management across all aspects of its operations.

    In 2023, Hyosung TNC established its Human Rights Management Policy, followed by the official proclamation of its Human Rights Management Declaration in 2024. The company has built a dedicated governance system for human rights management, led by the HR Team under the CEO. This governance framework includes a working-level consultative body responsible for the practical oversight, mitigation, and monitoring of human rights risks. This body also develops human rights impact assessment indicators, conducts risk evaluations, and implements corrective actions as needed.

    Human rights-related issues are discussed regularly in the monthly executive meetings. Matters requiring decision-making or performance reporting are escalated to the ESG Management Committee, which convenes quarterly and submits key agendas to the Board of Directors for review and resolution.

Human Rights Impact Assessment

  • Hyosung TNC Co., Ltd. conducts an annual Human Rights Impact Assessment based on the Human Rights Management Guidelines and Checklist issued by the National Human Rights Commission of Korea. This assessment goes beyond internal employees to include socially and economically vulnerable stakeholders such as customers, suppliers, and local community members. Through this process, the company identifies and analyzes potential human rights risks that these stakeholders may face. By proactively identifying potential human rights risks across all stakeholder groups, Hyosung TNC systematically develops and implements measures to prevent and mitigate human rights violations. The HR Team reports assessment results, key risks, and improvement actions as needed during monthly management consultative meetings. Critical issues are further submitted to the ESG Management Committee under the Board of Directors on a quarterly basis for discussion and reporting.

    The process of Human Rights Impact Assessment

    The process of Human Rights Impact Assessment

Hyosung TNC's
Human Rights
Management

9 9 Principles

Protection of
local residents'
human rights

Non-
discrimination

Humanitarianism

Information
protection

Ensuring
industrial
safety

Compliance
with labor laws

Prohibition of
forced labor
and child labor

Freedom of
association

Prevention of
workplace
harassment