• Materiality Assessment Process

    In order to identify material sustainability issues, LGE adopted global sustainable initiatives and assessment systems including GRI, SDGs, SASB, RBA and TCFD. Then, the identified issues were prioritized and analyzed in terms of their impact from a comprehensive perspective in line with our vision, strategy, industry tend, media exposure and internal and external surveys

01 Research · Fundamental Research and Pooling Issue 02 Analysis · Analysis of ESG Issues 03 Assessmen · Assessment and Identify Core Issue 04 Review and Report · Materiality Assessment and Report 01 Research · Fundamental Research and Pooling Issue 02 Analysis · Analysis of ESG Issues 03 Assessmen · Assessment and Identify Core Issue 04 Review and Report · Materiality Assessment and Report
  • Inviting expert opinions

    To realize sustainable development, LG Electronics continuously listens to the opinions of key stakeholders such as our customers, local communities, and suppliers, and we reflect these opinions in our business. We identify key opinions and needs through stakeholder briefings and discussions, as well as key issues through the collection of expert feedback relating to ESG during our sustainability report publication process. In 2021, we collected opinions on our directions for improvement and information disclosure with respect to our mid- to long-term ESG goals, and applied these opinions to our 2020-2021 Sustainability Report.

01 Environment (6.6/10) 02 Social (6.4/10) 03 Governance (5.9/10) 04 Overall ESG - Total (6.6/10) 01 Environment (6.6/10) 02 Social (6.4/10) 03 Governance (5.9/10) 04 Overall ESG - Total (6.6/10)
  • Key feedback by sector

Environment / Propose detailed objectives and scenarios, active publicity required • Detailed objectives and scenarios on climate change are required • Disclose efforts of overseas worksites concerning achieving carbon neutrality and water waste management • Proposal of a more detailed strategy and mid- to long-term roadmap required in terms of new and renewable energy Social / Establishment of plan to expand disclosure of key information required • Disclosure of diversity-related statistics (e.g. locals, the disabled, and the vulnerable) • Enhancement of results and improvements regarding human rights training required Governance & Other / Global-standard internal discussion system for diversity and ESG risks required • Official discussion of mid- to long-term ESG risks and opportunities required at the BOD level • Strengthened link between sustainable management and ESG required Environment / Propose detailed objectives and scenarios, active publicity required • Detailed objectives and scenarios on climate change are required • Disclose efforts of overseas worksites concerning achieving carbon neutrality and water waste management • Proposal of a more detailed strategy and mid- to long-term roadmap required in terms of new and renewable energy Social / Establishment of plan to expand disclosure of key information required • Disclosure of diversity-related statistics (e.g. locals, the disabled, and the vulnerable) • Enhancement of results and improvements regarding human rights training required Governance & Other / Global-standard internal discussion system for diversity and ESG risks required • Official discussion of mid- to long-term ESG risks and opportunities required at the BOD level • Strengthened link between sustainable management and ESG required
  • Materiality Map

Core Issue Impact Relevance potential issues Core Issue Impact Relevance potential issues
Horizontal Table
No. 1
Material Issue Governance Independence/Transparency/Expertise
GRI Standard Topic Non-GRI
No. 2
Material Issue Global Market Development and Diversification
GRI Standard Topic Non-GRI
No. 3
Material Issue Internalization of Ethical Practice/Code of Conduct
GRI Standard Topic Non-GRI
No. 4
Material Issue Customer Privacy Protection
GRI Standard Topic [418] Customer Privacy
No. 5
Material Issue Infrastructure for Connecting Products/Solution
GRI Standard Topic Non-GRI
No. 6
Material Issue Access to Products/Solutions for Vulnerable Population
GRI Standard Topic Non-GRI
No. 7
Material Issue Equality and Diversity in Workplace
GRI Standard Topic [405] Diversity and Equal Opportunity
No. 8
Material Issue Human Rights and Risk Management
GRI Standard Topic [412] Human Rights Assessment
No. 9
Material Issue Support and Investment for Talent Development
GRI Standard Topic [414] Supplier Social Assessment
No. 10
Material Issue Work-life Balance and Organizational Culture
GRI Standard Topic [404] Training and Education
No. 11
Material Issue Safety and Health Management System and Culture
GRI Standard Topic Non-GRI
No. 12
Material Issue Strategic Social Contribution
GRI Standard Topic [403] Occupational Health & Safety
No. 13
Material Issue Risk Analysis and Assessment in Supply Chain
GRI Standard Topic [413] Local Communities
No. 14
Material Issue Conflict Mineral Flow and Smelter Management
GRI Standard Topic [414] Supplier Social Assessment
Horizontal Table
15
GHG Emissions Reduction
[302] Energy, [305] Emission
16
Efficient Use of Raw materials and Resources
[301] Materials
17
Safe Disposal of Hazardous Substances and Wastes
[306] Effluents and Wastes
18
Product Stewardship
Non-GRI