LSC Sustainability Policy

Sustainability Management Policy

1.Perform duties in compliance with laws and ethics

1.1Compete fairly by complying with laws and regulations

• Compete freely and fairly in accordance with international standards and national laws related to fair competition.
• Avoid illegal monopolistic or anti-competitive practices, such as forming cartels.
• Do not abuse market power or use unfair methods in business dealings with business partners or suppliers, nor misuse confidential information obtained during transactions.

1.2Refrain from unethical behavior

• Do not engage in any behavior that harms the integrity of the organization.
• Do not use company resources for personal gain or private interests.

2.Strive for a transparent organizational culture

2.1Avoid involvement in illegal transactions, such as bribery or the exchange of gifts and money

• Strictly prohibit bribery or the acceptance of improper benefits from any business activity.
• Comply with relevant international laws and treaties related to business operations, particularly those concerning bribery and corruption.

2.2Do not seek improper personal benefits

• Employees must not misuse company assets for personal financial gain or manipulate company funds or resources for illicit purposes.

3.Engage in environmentally friendly business activities to address global issues

3.1Comply with environmental laws applicable to domestic business operations

• Adopt stricter internal standards than legal requirements for environmental regulations and manage environmental impacts systematically through monitoring and pollution prevention activities.

3.2Minimize negative environmental impacts from business processes

• Implement resource recycling and emission reduction measures to promote environmental sustainability.
• Improve any negative environmental impacts that may arise from the operations of business partners or suppliers.

3.3Implement strategies to respond to climate change

• Formulate and execute plans to achieve the 2050 carbon neutrality roadmap.
• Ensure that relevant response strategies are included in all business activities.
• Establish systems to support business partners in implementing climate change response strategies.

3.4Comply with global climate change standards

• Transparently disclose results and performance related to climate change efforts.

4.Respect human rights and diversity

4.1Respect the human rights of all employees

• Comply with labor laws and related legal standards of the countries where business activities are conducted.
• Respect the rights of employees involved in all business processes, services provided and recognize them as fundamental human rights.

4.2Acknowledge and embrace employee diversity

• Do not discriminate based on factors such as race, nationality, gender, age, religion, education, disability, marital status, or sexual orientation.
• Provide equal opportunities for all employees to maximize their potential and contribute fairly to the company based on their performance.

5.Promote Mutual Growth with Stakeholders

5.1Practice the value of “Customer First.”

• Provide accurate information to ensure that customers can make informed decisions.
• Deliver tailored solutions to customers and ensure satisfaction through open communication.

5.2Build collaborative relationships with business partners

• Recognize business partners as strategic allies based on mutual trust, and work together to pursue shared values, including customer satisfaction.
• Collaboratively support business partners in enhancing their competitiveness through various methods.
• Actively recommend that business partners take responsibility such as ensuring workplace safety and respecting the human rights of employees.

5.3Respect and protect local communities

• Engage and communicate with local communities to carry out business and social activities relevant to the local context.
• Work collaboratively with local communities to reflect their expectations in business activities and to mutually contribute to the well-being of the community.

6.Contribute to Sustainable Development

6.1As a corporate citizen, LS Cable & System fulfills the fundamental responsibilities we must adhere to

• Comply with tax obligations in a responsible manner.
• Make every effort to provide financial information, including financial reports, to shareholders and stakeholders in a timely, fair, and transparent manner.