Four major fair trade practices
SL complies with fair trade regulations through fair selection of subcontractors, impartial contracts, documents issuance and preservation, and operation of subcontracting internal review committees in order to establish a fair trade culture.
Conclusion of fair trade and mutual growth agreements
SL signs a fair trade and mutual growth agreement once a year with subcontractors to comply with fair trade laws and promote a win-win cooperation. In addition, we verify implementation of agreement through evaluation of the Fair Trade Commission.
Conclusion of a compliance pledge
To prevent bribery and solicitation that may occur in transactions between SL and its suppliers in advance, we sign a compliance pledge with our suppliers once a year to fight anti-corruption and comply with the laws.
Job academy programs for suppliers and technical guidance system
SL is developing and operating specialized training programs including development processes, GD&T, and quality systems to improve development/production/quality capabilities and nurture human resources. Furthermore, we continue to help strengthen suppliers’ competiveness by offering corrective measures and advices for their improvements on site, including waste removal and logistics improvement.
Corporate partnership funding
SL is directly providing financial support to help suppliers to weather their difficulties and to secure liquidity.
ESG management and support
SL actively checks ESG performance of suppliers and support their improvements through self-diagnosis, and floor audits based on the ESG code of conduct on a regular basis.
Operation of supplier association
SL runs a supplier association to cultivate the win-win cooperation relationship with suppliers. We are building up a stronger trust relationship with suppliers through a wide range of annual exchange activities such as the board of directors, subcommittees meetings, meetings with future managers, and outings.
SL-supplier meetings
SL holds a regular meeting with its suppliers to strengthen communication and makes efforts in listening to their difficulties and discussing how to support them.
Award for excellent suppliers
While we are showing appreciation for its suppliers’ efforts through rewards, we are also supporting their growth by raising the awareness of quality and cost and improving them.