Sustainable Management
We are striving towards a sustainable future by actively carrying out eco-friendly management,
social responsibility management, and compliance management.
ESG Management
By actively carrying out eco-friendly management, socially responsible management,
and compliant management, SeAH Steel strives to create a sustainable and cohabitating future for businesses and a broader society.
ESG Management Strategy
Under the vision of "The Promise to Create a Beautiful World,” SeAH Steel has established an ESG strategy (PROMISE), selected through a sustainability slogan contest, with a strategic focus on “Clean and Sustainable Environment” in the environmental (E) area, “Safe and Fair Society” in the social (S) area, and “Sound and Transparent Governance” in the governance (G) area. The key issues that were selected based on the double materiality assessment methodology are “Responding to Climate Change”, “Creating a Safe and Healthy Workplace”, and “Strengthening Anti-Corruption and Ethical Management”. The foundation of our ESG strategy is “Value Creation”, “Respect for Humanity”, and “Contribution to Human Society”, on which SeAH Steel practices sustainable management, community sharing, compliance, ethical management, and building human capital management.
The Promise to Create a Beautiful World
ESG Management System Organizational Chart
ESG Rating
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KCGS Overall Rating
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Environment
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Social
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Governance
Evalu ation Year |
Overall Rating |
Enviro nment (E) |
Social (S) |
Governance (G) |
---|---|---|---|---|
2023 | A | B+ | A | A |
2022 | B+ | B | B+ | B+ |
2021 | B+ | B+ | B+ | B+ |
2020 | A | B+ | B+ | B |
ESG Management Policy
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SeAH will continue to communicate and collaborate with our stakeholders to create a balance between our shared values and the expectations of our stakeholders to ensure that they are appropriately reflected in our internal decision-making process.
Subject Communication Channel Participatory Activities Customer Website, Customer Service Center, Blog Product and service inquiries, suggestions, and other comments, etc. Employees Intranet, Trade Union, Employee Surveys HR-related issues such as changes in management, wage negotiations, etc. Competitors and Partners Shared Growth Program Issues related to co-prosperity, including fair contracting, unfair trade, etc. Government and Local Communities Government Policy Fair Trade Commission, Meetings Issues include participation in national projects, government regulatory policies, regional environmental protection, and community contribution activities. Shareholders and Investors Shareholder Meetings, IR Disclosures Issues of stock price and dividend changes, changes in business environment and business performance, shareholder meetings, etc. -
SeAH complies with the laws of each country and region and supports international human rights principles and norms, such as the Universal Declaration of Human Rights (UDHR), the UN Guiding Principles on Business and Human Rights (UNGPs), the OECD Guidelines for Multinational Enterprises, the UN Convention on the Rights of the Child, and the International Labor Organization’s Fundamental Conventions. We operate a human rights management policy that includes procedures for internal and external communication, grievance handling, and remediation to implement these principles. This applies to all domestic and overseas worksites of SeAH Group, and we declare the Human Rights Management Charter to ensure shared understanding and company-wide practice.
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SeAH respects the order of a free market economy that pursues fair and transparent competition, based on an ethical corporate culture that adheres to fundamental principles and complies with all laws and regulations. SeAH aims to become “a company that creates a beautiful world” by creating substantial value and fostering growth in partnership with our stakeholders.
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SeAH Group’s compliance charter sets forth the highest standards of basic procedures and general matters required to practice compliance. SeAH plans to establish a compliance system that provides a basis for the decision-making and judgment for all employees in both aspects of work and daily corporate lives.
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SeAH Group expects all of its Third-Party Partners to abide by the principles that are set forth in this Third-Party Code of Conduct, which comprises an important component of Third-Party Partner evaluation and selection. This Code is based on international standards and guidelines. In the case in which this Code contradicts the laws of a certain country in which business in conducted, Third-Party Partners shall comply with the higher standard of the two.
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SeAH will endeavor to achieve fair, transparent, and responsible management, ultimately striving towards a sustainable development that earns trust and respect.
GREEN BOND & ESG FUND
Certification
We are acquiring relevant certifications that satisfy the needs of various stakeholders
in the fields of Environmental, Social, and Governance (ESG). We also expect these
certifications to internally enhance our expertise in each area
as well as ultimately achieve sustainable management.