Human Rights

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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.

Strategy and Roadmap for the Advancement of Human Rights Management

Strategy and Roadmap for the Advancement of Human Rights Management

9 Principles for Human Rights Management

9 Principles For
Human Rights

  • Non-
    discrimination
  • Humanitarianism
  • Privacy
    Protection
  • Compliance with
    Working
    Conditions
  • Prohibition of
    Workplace Harassment
  • Freedom of
    Association
  • Protection of
    Human Rights for
    Local Residents
  • Guaranteed
    Industrial
    Safety
  • Prohibition of
    Forced Labor and
    Child Labor