Sustainability

SONGWON’s ESG Policies

SONGWON’s ESG Policies – for a Sustainable Future

Join us in our mission to create a positive impact through our comprehensive ESG policies.

Global ESG standards encompass a range of criteria for evaluating a company’s impact on society, the environment and its commitment to transparency and accountability. SONGWON is committed to these standards and strives to contribute to a more sustainable future.

SONGWON’s Environmental Policy

At SONGWON, we are dedicated to minimizing our environmental footprint and reducing the impact on stakeholders and local communities.

To achieve this, we evaluate the environmental impacts of our products throughout their entire lifecycle, from R&D to end-of-life and ensure that we comply with all relevant domestic and international laws and regulations. Our Environmental Policy focuses on a range of initiatives aimed at driving sustainability and preserving the planet for future generations.

The following key areas outline our approach to achieving these goals:

  • Achieve zero environmental pollution accidents
  • Comply with environmental laws and regulations in all countries where SONGWON operates.
  • Respond to the climate crisis by reducing greenhouse gas (GHG) emissions & improving energy efficiency.
  • Perform Life Cycle Assessments (LCAs) to manage product and process impacts on customers, consumers and the environment.
  • Leverage SONGWON's resource strategy to drive the shift to renewable resources.

SONGWON’s Health & Safety Policy

SONGWON prioritizes the health and safety of all its employees and stakeholders.

Committed to continuous improvement to ensure a safe and healthy workplace, our established Health & Safety management system addresses the needs of our value chain and minimizes the risk of accidents and property damage. SONGWON's Health & Safety experts promote safety policies across the value chain and ensure full compliance with all applicable laws, regulations and industry requirements.

The core pillars of our Health & Safety Policy are:

  • Achieve zero safety accidents.
  • Comply with all Health & Safety laws and regulations.
  • Ensure a safe and healthy work environment by minimizing disaster and disease-related risks.
  • Foster a strong safety culture across the global organization.
  • Identify potential hazards and risks and implement improvements.

SONGWON’s Labor & Human Rights Policy

At SONGWON, we firmly respect and uphold the values of human dignity, freedom and happiness as fundamental rights for all.

In keeping with this commitment and to support labor and human rights globally, we comply with regional and international laws and standards, including the Universal Declaration of Human Rights and the UN Global Compact.

SONGWON's Labor & Human Rights policy is around the following core principles:

  • Prioritize the health and safety of employees and stakeholders.
  • Ensure fair pay at or above the minimum level, regardless of gender, race, or background.
  • Enable continuous career development and equal opportunities, free from discrimination.
  • Uphold the right to freedom of association and collective bargaining.
  • Ensure no employment of children under 15 and any employees under 18 are not engaged in hazardous duties.
  • Prohibit any form of slavery, forced labor, or human trafficking.
  • Foster a fair, positive and inclusive work environment where human rights are respected.
  • Support international standards like the Universal Declaration of Human Rights and the UN Global Compact, etc. and comply with the laws in all regions of operation.
  • Promote diversity and inclusion, ensuring equal opportunities and no discrimination.

Sustainable Procurement Policy

SONGWON’s Sustainable Procurement Policy reflects our strong commitment to human rights, compliance and environmental protection.

We strive to minimize social, economic and environmental impacts while creating value across the supply chain. All of SONGWON's purchasing practices are aligned with our policies on human rights, safety and ethics and we strictly adhere to our Code of Conduct which prohibits unethical purchasing practices as well as the use of conflict minerals.

Our approach to sustainable procurement focuses on key aspects such as:

  • Establish a sustainable procurement framework and uphold SONGWON’s Code of Conduct across the supply chain.
  • Ensure fair treatment in contracting with socially disadvantaged and minority-owned businesses and managing diversity risks like discrimination.
  • Strive to reduce GHG emissions and mitigate environmental risks across the supply chain.
  • Prioritize ethical sourcing by considering human rights, eliminating social inequality and avoiding purchases from conflict areas or involving conflict minerals.
  • Support resource recycling, energy efficiency and sustainable resource use and purchasing.
  • Evaluate third parties and conduct annual supply chain assessments to prevent corruption, avoid risks and improve safety standards.
  • Provide a communication channel for suppliers and stakeholders to raise concerns about, e.g. the extraction, trading and handling of minerals in conflict-affected or high-risk areas.

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