Dear esteemed stakeholders at home and abroad,
First of all, I would like to thank all our stakeholders for the generous support and encouragement they have extended for our efforts to become a global leading system semiconductor company through continuous evolution and innovation.
Over the past few years, various stakeholders, including domestic and foreign investment organizations and rating agencies, have been demanding specific ESG management of high standards from companies. Additionally, various ESG factors are being reflected in the actual contract terms for business transactions, increasing the impact of ESG on corporate management.
Legislation has become progressively stringent in recognition of the challenges presented by climate crisis and human rights issues, with major countries establishing ESG disclosure standards and guidelines for listed companies to disclose relevant information and data. Moreover, stakeholders are increasingly demanding that companies improve governance transparency and enhance shareholder value.
Considering these changes in the internal and external business environments, LX Semicon declared ‘Best Technology, Better Future’ as its ESG vision in 2022 and is strengthening ESG management continuously by implementing improvement tasks in each area. To this end, we have established an ESG Committee under the BOD and created a system to conduct deliberations and make decisions on various ESG issues with the participation of the BOD members.
Based on this, LX Semicon has established a 2050 roadmap for achieving carbon neutrality, a global issue of high priority, and plans to upgrade the plan going forward. Additionally, we are working proactively to respond to climate change by converting part of the power at our Daejeon Campus to solar energy and joining the ‘K-RE100,’ a renewable energy initiative.
To strengthen the prevention and management of human rights risks, we have established a ‘Human Rights Management Policy’ and disclosed the policy to the public after approval by the ESG Committee. We will continue to strengthen human rights management and promote a culture of respect for human rights working with various stakeholders of LX Semicon.
Lastly, to strengthen the ESG Committee’s expertise and enhance its understanding of various ESG issues, we conducted ESG Committee training in cooperation with an external expert organization.
As the Chair of the ESG Committee, I will continue to do my best to promote the sustainable growth of LX Semicon by expressing various opinions and fulfilling my role.
We would like to ask for your interest and encouragement as we take bold strides forward as ‘a global leading system semiconductor company.’
LX Semicon ESG Committee Chair
Kyeong-woo Wee