Samsung Electro-Mechanics continues with its relentless endeavor to become the world’s most competitive and sustainable leader of its field.Sustainability management in the global market environment is an essential factor for global business, effective for diverse risk factor management, and contributes to continuous value creation. Based on such a perception, SEM consolidates these characteristics as an ongoing goal through the establishment of an effective system linked with our internal strategies.
Samsung Electro-Mechanics is practicing sustainable management based on the trust among various stakeholders including customers and shareholders to move forward as, not just a leading global player that spearheads the cutting-edge technological fields in the world, but also as a creative innovator. We will fulfill our corporate social responsibilities by achieving sustainable growth through the maximization of corporate values as well as by catering to stakeholder demands.
To this end, Samsung Electro-Mechanics is committed to 6 core areas i.e. ‘Environmental management’, ‘Shareholders-valued management’, ‘Quality first management’, ‘Sharing management’ and ‘Win-win management’. Accordingly, we will pursue economic feasibility and a balance with the environment, and contribute to solving social problems.
Sustainability Management Strategy
Task Force on Sustainability
Samsung Electro-Mechanics runs a task force on sustainability to make proper responses based on a robust collaborative system on ESG management issues – Environment, Social and Governance. The council generates synergies based on an organic collaborative system to address questions asked by ESG evaluating bodies, the publication of sustainability reports and customers’ questions on
We respond to latest issues by monitoring global and industrial trends and strategic directions on sustainability by subscribing to the ‘Sustainability Newsletter’ published on a monthly basis by the department in chargement of sustainability. Samsung Electro-Mechanics is catering to internal and external stakeholder needs and driving sustainability. We are responding to internal and external stakeholder demands and driving sustainable development driven by efforts of Business Support Team, Finance & Accountig Team, Human Resource Team, Safety Environment Team, Procurement Logistics Team, etc.
Samsung Electro–Mechanics values open communication with various interest groups. Through transparent corporate management and mutual trust opinions are actively obtained. These opinions are actively reviewed, applied in different sustainable management policies and made public through domestic and foreign channels.
Internal Accounting Management
For the purpose of transparency, accounting information and for the proof of trustworthiness of the information disclosed among our stakeholders, Samsung Electro-Mechanics operates under an internal audit management system. Not only is the financial reported by the internal accountant at Samsung Electro-Mechanics, but there is also a much broader sense of an audit system that meets global standards in management of policies.
This helps us to prepare for any potential business risks, including CSR related issues, environment related regulations, conflicts on minerals management and environmental friendliness evaluations and more.
Business Continuity Management
Samsung Electro-Mechanics contributes to sustainable growth by ensuring a stable supply of products and services to customers based on the continuity of production activities. We have established the business continuity management in preparation for business suspension due to unexpected accidents.
Samsung Electro-Mechanics created scenarios to respond to crises caused by major accidents including fire and blackouts to secure business continuity. Periodic training and education on the business continuity procedure is conducted We categorize major stakeholders including internal/external customers, business partners and communities and maintain communication through stakeholder analysis.
Samsung Electro-Mechanics put in place a decision-making process to respond to the emission-trading scheme by operating the Climate Strategy
Committee and regularly monitoring the financial impact resulting from the emission right trading. Site-specific annual safety check is carried out by an external agency, enabling comprehensive risk assessment and management of assets including on-site buildings, facilities and machinery occurring due to natural disasters.
As such, we do the utmost to maintain stable business activities.
We prescribed information security regulations and implementation guidelines to protect Samsung Electro-Mechanics’s critical information and assets, and operate physical and technical protection measures to abide by them. This helps us to maintain optimized sites in security through periodic inspection and improvement activities. Thanks to close business ties with related agencies outside, we explore industrial security trends and information leakage scenarios through preventive programs to safeguard against security accidents.