- Human Rights
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.”
- From the Memoirs of the Founder of Hyosung Group, Hong-je Cho -
"Businesses should support and respect the protection of internationally proclaimed human rights."
- Principle 1 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 Heavy Industries 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 Principle 1 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.
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.
* 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.
Hyosung Heavy Industries 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.
Roadmap for the Advancement of Human Rights Management
- Development of a human rights
foundation and culture
- Scope of human rights system
and level advancement
- Improvement and spread of
human rights system
9 Principles for Human Rights Management
9 Principles For
- Compliance with
- Prohibition of
- Freedom of
- Protection of
Human Rights for
- Prohibition of
Forced Labor and
Human Rights Violation Prevention and Grievance Handling
In order to prevent and remedy human rights-related damages that may occur in the course of Hyosung Heavy Industries' business, Hyosung Heavy Industries is operating a website reporting channel for all stakeholders who are experiencing human rights-related grievances or who have witnessed other people's difficulties (for all stakeholders), and HR counseling center (for executives/employees). In addition, we do our best to resolve issues with related departments through legal procedures.
|Status for 2022
|Number of receipts of grievances related to human rights
Worker Diversity Status and Goals
|Status for 2022
|Employees with disability