컨테이너 영역
Social
Supply
Chain
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Supply Chain Governance
Hyosung operates the Supply Chain Management Committee twice a year to professionalize the company-wide supply chain management system. The committee is a specialized supply chain management organization led by the Chief Purchasing Officer at headquarters, and is composed of practical working groups from both overseas subsidiaries and the headquarters purchasing department.
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Process of Establishing a Supply Chain ESG System
Hyosung TNC has established and operates systematic supply chain management policies in accordance with global ESG regulatory standards, including 「Sustainable Purchasing Policy」, 「Sustainable Supply Chain Management Policy」, and 「Supply Chain Due Diligence Guidelines」. To maintain transparent and fair business relationships, the company encourages suppliers to pledge compliance with the Supplier Code of Conduct. In addition, to ensure rapid response in case of emergency situations affecting product delivery schedules, Hyosung TNC has developed scenario training and response manuals. Through regular simulation exercises, the company assesses damage status, root causes, and recovery measures, continuously identifying weaknesses in the response system and areas for improvement. Furthermore, in accordance with the 「Supply Chain Due Diligence Guidelines」, Hyosung TNC conducts an annual ESG evaluation and risk assessment of its suppliers. Based on ESG risks by country and industry, as well as transaction volume, the company selects “key suppliers” and further identifies “priority management suppliers” considering transaction importance and ESG evaluation scores. For the selected suppliers, Hyosung TNC carries out document reviews and on-site audits. Depending on the results, improvement actions are recommended to those classified as “high-risk.” When necessary, the company provides ongoing support through ESG capacity-building training and follow-up management.
*Supply Continuity Emergencies: Labor shortages due to strikes, transportation accidents, environmental incidents, cyber attacks, etc.
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ESG Value Dissemination in the Supply Chain
The supply chain is becoming increasingly important for securing a company's sustainable global competitiveness, continuous growth, job creation, and as the economic foundation of a fair society.
Hyosung TNC has revised its internal regulations to incorporate sustainability elements such as ethical, social, and environmental standards into its existing supplier management process. This is designed to meet changing social demands and promote social responsibility within the value chain.
Related Information
Hyosung TNC Supplier Registration and Evaluation Process
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Hyosung TNC Supplier ESG
Management Areas:Environment
Creating a greater environmental value
through actions and by establishing an
environmental management systemImplementing a cleaner
environmental managementSocial
Generating greater societal value
through positive relationship-building
with diverse stakeholdersBuilding more humane
stakeholder relationshipsGovernance
Creating greater ethical value
through a systematic and strict
governance structurePromoting more ethical
business conduct
Fair Trade
Establishment of
Fair Trade Order
Hyosung TNC has introduced and operates the four major compliance items recommended by the Fair Trade Commission as part of our company regulations to foster a culture of fair trade with our partners.
In addition, we have published guidelines prohibiting retaliatory actions such as one-sided trade restrictions or suspensions against our partner companies to create a foundation for a fair partnerships and to establish rational and transparent trading relationships.
Operation of Fair Trade
Self-compliance Program
To promote a culture of fair trade based on transparent and legitimate procedures, Hyosung TNC has implemented and operates a Fair Trade Self-compliance Program.
Furthermore, through the Transparent Management Committee under the board of directors, we address the issues such as favoritism or unfair internal transactions and conduct advance deliberations and resolutions on related issues, including compliance with the Fair Trade Self-compliance Program.
Pre- and Post-transaction Audits
Since 2019, Hyosung TNC has been operating a pre- and post-transaction audti system with partner companies. Through this system, we monitor compliance and the occurrence of unfair practices. Before proceeding with transactions, we confirm factors such as the provision of written contracts prior to trade, prohibition of unfair determination of subcontracting payments, and prohibition of coercion to purchase goods, as well as improper demands for monetary benefits. After completing transactions, we verify issues such as delayed payment, violations of technical data regulations, and unjust cuts in subcontracting payments.
Fair Trade
Education
Hyosung TNC establishes a direct relationships with partner companies involved in fair trade, such as the purchasing department and factory management team. We periodically conduct education on subcontracting laws, contract violations, and other relevant topics for departments that are at high risk of risk occurrence. Furthermore, we provide information on procedures and standards for compliance with fair trade laws, including the Fair Trade Act and Agency Act, to our sales department. This ensures that they have the necessary knowledge to adhere to relevant laws and regulations in their business conduct.
Partner Company Reporting/Proposal Process
