As a global battery company, LG Energy Solution fulfills its social responsibilities by respecting human rights, creating a safe working environment, and maintaining active communication and support with its partners. Among these values, shared growth stands as one of the company’s core management principles. Through continuous technological innovation, responsible supply chain management, and community contribution, LG Energy Solution strives to build a healthy and sustainable battery ecosystem. This article takes a closer look at the company’s co-prosperity initiatives as part of its ESG management.
LG Energy Solution’s Four Strategies for Shared Growth
LG Energy Solution promotes shared growth with its partners and is committed to fostering a culture of fair and transparent business practices. Its initiatives are built around four key strategies:
△Promoting a fair trade culture △Providing financial support for partners △Supporting Partner Capability Enhancement △Supporting partner recruitment and talent development
Through these four pillars, LG Energy Solution is building a virtuous cycle of shared growth with its partners.
PART 1. Promoting a Fair Trade Culture
First, LG Energy Solution ensures full compliance with relevant laws and regulations throughout all business transactions with its partners.
The company operates a Subcontract Deliberation Committee and a Voluntary Dispute Mediation Committee, and holds an annual “Shared Growth Day” event to provide legal education for partner employees. In 2024, the company conducted compliance training sessions for 118 employees from 60 partner companies, focusing on the laws and regulations that must be observed in transactions between primary and secondary suppliers.
Such initiatives not only help promote fair trade practices but also create valuable opportunities for interaction and knowledge sharing among partner companies.
In addition, through Shared Growth VOC (Voice of Customer) management, LG Energy Solution continuously collects partners’ feedback and improvement suggestions on its shared growth strategy and strives to further enhance its programs.
PART 2. Providing Financial Support for Partners
Financial stability is a key factor in ensuring sustainable business operations. To support the financial soundness of its partners, LG Energy Solution operates a range of financial assistance programs. Through initiatives such as the Shared Growth Investment Fund, Joint Project Guarantee Program, and Win-Win Payment System, the company helps partners obtain financing at more favorable interest rates and provides collective credit guarantees to strengthen their stability.
PART 3. Supporting Partner Capability Enhancement
LG Energy Solution also operates capability enhancement programs to help its partners strengthen their management expertise and achieve sustainable growth beyond short-term results.
As part of these efforts, the company introduced a consulting system that provides management diagnostic reports to its partners. When a partner submits its financial statements and external audit reports for the past three years, LG Energy Solution conducts a comprehensive analysis of key management indicators, financial performance, and industry and affiliate benchmarks to diagnose the partner’s business condition and suggest improvement directions. Through this process, partners can objectively assess their management status and identify practical measures for improvement.
The company also provides dedicated support to enhance the competitiveness of small and medium-sized partners. In particular, LG Energy Solution has implemented a program to help partners effectively respond to the European Union’s Carbon Border Adjustment Mechanism (CBAM). This program offers end-to-end support, from calculating carbon emissions to providing consulting on reduction strategies and assisting with international verification procedures. These efforts help partners reduce regulatory costs and strengthen their export competitiveness.
PART 4. Supporting Partner Recruitment and Talent Development
Lastly, LG Energy Solution is committed to helping its partners secure skilled talent and strengthen employee competencies through various programs.
The company operates a Smart Learning Program for partner employees, providing free access to approximately 40,000 online learning contents across 21 categories, including mandatory compliance education, environmental and industrial safety, job skills, technology, office applications, and languages.
Training in areas such as technology protection and environmental safety is particularly emphasized as mandatory.
Additionally, LG Energy Solution operates an exclusive online recruitment platform for its partners, which introduces partner companies to job seekers and provides talent search and matching services to support efficient hiring.
The company also promotes co-prosperity through government-supported initiatives such as the Strategic Industry Mutual Cooperation Program and the Large and Small Business Safety and Health Partnership Program.
Through these four strategies, LG Energy Solution continues to build a sustainable future together with its partners.
By fostering mutual growth and cooperation, the company aims to create a virtuous and globally connected battery ecosystem that thrives on shared success.
