L&F announced on the 21st that it signed a 'MOU for establishing an ESG supply chain partnership' with the Korea Industrial Complex Corporation, partner company CENOTEC, and ESG specialist company Codata Solutions on October 20th at the Guji 3 Plant in the Daegu National Industrial Complex.
Key officials, including L&F Executive Director Jo Jeong-hun, Korea Industrial Complex Corporation Digital Innovation Headquarters Director Yoon Chang-bae, and Senotech Director Jeong Seung-hwa, attended the signing ceremony that day.
This agreement was created to establish a collaborative system for jointly assessing and managing ESG risks across the supply chain, in response to the global trade environment where supply chain due diligence requirements are strengthening. L&F plans to establish a joint supply chain ESG response process with its partners and provide follow-up support, including ESG assessments and improvement activities and the provision of comprehensive reports.
L&F utilizes specialized indicators developed in-house to evaluate its partners' ESG practices and provides support for ESG consulting and improvement activities based on these indicators. The company has been conducting regular ESG assessments of its key partners, and through this agreement, it plans to further strengthen its customized improvement support based on the assessment results.
A seminar held alongside the signing ceremony discussed the EU Corporate Sustainability Due Diligence Guidelines (CSDDD), EU battery and carbon regulations, and global supply chain risk management strategies. Participating companies shared the latest ESG regulatory trends and explored practical response strategies.
An L&F official stated, “This agreement is a win-win model through joint ESG response at the industrial complex level, and will contribute to enhancing the ESG competitiveness of the entire regional industry beyond a single company.” He added, “We will continue to respond systematically with our partners to build a sustainable supply chain and advance ESG management.”
L&F Executive Director Cho Jeong-hoon said, “Within the secondary battery industry, ESG is not a choice but a condition for survival, and the ESG level of the entire supply chain is directly related to corporate competitiveness.” He added, “With this agreement as an opportunity, we will proactively respond to global regulations and spur the creation of a sustainable supply chain ecosystem.”
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