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Society

Establishment of ESG System in Supply Chain

Partners are important stakeholders in LOTTE Shopping's sustainability management. In order to share our direction of ESG engagement and to manage supply chain risks and opportunities, the Company is carrying out various activities for enhancing the ESG capabilities of our partners.

Partners can voluntarily self-check their ESG level in all ESG areas, including ethics, human rights,
environment, and safety, through the self-assessment questionnaire (total 29 questions in 4 sections)
ESG Self-Assessment Questionnaire for Partners
Environment
Domestic environmental law compliance/violation, Operation of programs to improve energy consumption statistics, Greenhouse gas emission reduction trend, etc.
Safety
Industrial Safety and Health Act compliance/violation, Industrial accident rate management, Industrial accident risk assessment/process operation, etc.
Human rights
Domestic labor law compliance/violation, Working hour management, 4 major labor-related insurance subscription rates, Occurrence of unethical acts such as sexual harassment, etc.
Compliance & Ethics
Domestic fair trade law compliance, Operation of personal information protection procedures, Operation of unethical behavior reporting procedures/programs, etc.

Support Project of ESG System in Supply Chain

LOTTE Shopping has opened an online training platform to strengthen ESG and job competencies of its partner companies' executives and employees, and provided training on ESG theory and practice, revised tax laws, and others to partner companies. In addition, the Company’s Shared Growth Committee provided an ESG consulting service to partners in cooperation with specialized ESG consulting company, and supported them to improve the vulnerabilities discovered from on-site inspection based on the ESG guidelines.

ESG Consulting Process
  • Development and sharing of evaluation indicators
  • Partner training(online)
  • On-site diagnosis and improvemetnt guidance
  • Check for improvement

Shared Growth with Partners

  • Financial Support
    Maintaining business stability and smooth cash flow of partners through financial support
  • Go-to-Market
    (GTM) Support
    Support for partner companies to develop new markets and advance into overseas markets
  • Management
    Support
    Performance sharing & welfare support
  • Training Support
    Support of job-specific training programs to strengthen the hands-on competencies of partner companies’ executives and employees