Respect for Human Rights
“Respect for human beings must serve as the foundation of management.
The current era is shifting to one in which everyone demands that companies respect people because they are the products of human labor; however, it appears that many companies do not go far enough to improve employee treatment or welfare benefits.
These two factors are crucial, and management centering on respect for humanity means that the company should strive to develop people on a fundamental level.”
"Businesses should support and respect the protection of internationally proclaimed human rights."
- Principle One of the UN Global Compact (UNGC) -
As the influence of companies on society and the environment grows, corporate responsibility of respecting human rights has become an unavoidable trend, such as the elimination of forced labor and child labor, the protection of human rights of local residents and consumers, the guarantee of environmental rights and industrial safety, the responsible management of supply chains, and the guarantee of labor rights.
Hyosung Chemical is a global company that operates on the global stage in accordance with one of the Group's founding philosophies, "Respect for Humanity.”
Anchored in the first principle of the UNGC, "Businesses should support and respect the protection of internationally proclaimed human rights," we actively support and respect internationally proclaimed human rights and labor standards, such as the UN Universal Declaration of Human Rights, core conventions presented by the International Labor Organization (ILO), and the OECD Guidelines for Multinational Enterprises.
Mid-term Roadmap for Hyosung Chemical Human Rights Management
Recognizing human rights as an essential factor for ensuring business sustainability, we value every human being and respect their rights. We continue our efforts in establishing human rights policies, conducting human rights impact assessments and developing improvement tasks, and operating a whistleblowing center in order to institutionalize human rights system within our organization.
Hyosung Chemical adheres to the laws of the countries in which it operates and cultivates an organization-wide culture that respects human rights, as recommended by global international standards. We intend to spread a culture of respect for human rights throughout the entire supply chain by expanding the scope to include all partner organizations.
In doing so, we will become a responsible company that can contribute to the spread of a culture of respect for human rights in our society while ensuring the company's long-term viability.
*A human rights impact assessment is performed each year, in which the results are reported to the ESG Management Promotion Committee, and key issues are disclosed in BoD reports and sustainability reports.
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View related document
- 9 principles for human rights
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1
Protection of Human Rights of Local Residents
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2
Non-discrimination
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3
Humanitarianism
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4
Compliance with Working Conditions
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5
No Workplace Harassment
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6
Freedom of Association
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7
Prohibition of Forced Labor and Child Labor
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8
Guaranteed Industrial Safety
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9
Privacy Protection