Company Directory - LG Electronics Inc.
Company Details - LG Electronics Inc.
LG Electronics Inc.
WebsiteSeoul, South Korea
LG Electronics Inc. is a South Korean multinational electronics company that manufactures a diverse range of products including consumer electronics, home appliances, mobile devices, and solar panels.
CCI Score
CCI Score: LG Electronics Inc.
15.62
Latest Event
Allegations of Involvement in Uyghur Forced Labor Supply Chains
UN allegations have raised concerns about LG Electronics' supply chain practices related to forced labor in Xinjiang. Although LG Electronics stated its main unit does not source from the region, questions persist about overall supplier oversight and potential human rights risks.
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SABOTEUR
LG Electronics Inc. is currently rated as a Saboteur.
Latest Events
- MAR042025
UN allegations have raised concerns about LG Electronics' supply chain practices related to forced labor in Xinjiang. Although LG Electronics stated its main unit does not source from the region, questions persist about overall supplier oversight and potential human rights risks.
-40
Supply Chain Ethics
March 26
The UN's allegations point to potential human rights abuses in supply chains linked to forced labor involving Uyghur workers. Although LG Electronics denies direct involvement by stating that its primary electronics unit is not supplied by vendors in Xinjiang, the broader industry concern raises serious issues about supply chain ethics and corporate diligence. This potential complicity in forced labor practices is especially concerning given the global context of human rights and labor rights abuses.
Samsung, LG perplexed by UN allegations of Uyghur rights violation
- FEB192025
OpenSecrets has published a lobbying profile for LG Electronics for the 2023 cycle, detailing the company’s involvement in political lobbying. The profile aggregates data on LG's lobbying expenditures and connections to political action, highlighting the company’s effort to influence policy in ways that may further corporate interests in a context of broader corporate influence over democracy.
-30
Political Contributions and Lobbying Efforts
March 28
The published lobbying profile indicates that LG Electronics is actively spending on lobbying, which contributes to corporate influence over the political process. This level of political engagement can be leveraged to support policies that protect corporate interests at the expense of democratic accountability, reinforcing structures that may align with authoritarian or oligarchic practices.
- DEC172024
LG Electronics USA has retained Capitol Counsel, a government relations firm, to lobby on trade and supply chain issues amid rising concerns over protectionist policies under President-elect Donald Trump. This development suggests that LG is deepening its political engagements to negotiate policy outcomes that favor its strategic interests.
-20
Political Contributions and Lobbying Efforts
March 26
The hiring of Capitol Counsel by LG Electronics USA is a clear move to bolster its lobbying efforts in Washington. By actively engaging in political lobbying on trade and supply chain issues amid an environment of potential aggressive tariffs under Trump, LG is leveraging political relationships to safeguard its market position. Such actions contribute to a broader pattern of corporate influence in politics, raising concerns about the undermining of democratic accountability and enabling authoritarian policies.
- OCT042024
LG, along with other major South Korean conglomerates, spent part of a reported $7.62 million on lobbying efforts in the U.S. Congress during the first half of 2024. This expenditure raises concerns about the influence of corporate money on democratic processes and policies, potentially bolstering authoritarian agendas.
-60
Political Contributions and Lobbying Efforts
March 26
LG's involvement in significant lobbying expenditures in the U.S. Congress is concerning from an anti-fascist perspective. Such actions suggest that the company is investing in political influence that may undermine democratic accountability and favor authoritarian policies. By actively engaging in political lobbying, LG is seen as prioritizing corporate interests over transparent and accountable governance.
Samsung, SK, Hyundai Motor, LG Spent $7.62 Mil. Lobbying Expenditures in H1 in U.S.
- JUL012024
LG Electronics announced the adoption of comprehensive human rights principles aligned with the UN Guiding Principles on Business and Human Rights, applying these standards both internally and across its network of contracted companies to prevent discrimination, forced labor, and other workplace violations.
+80
Labor Relations and Human Rights Practices
March 26
LG Electronics’ adoption of human rights principles represents a strong commitment to ensuring proper labor practices and protecting worker rights. This move aligns with recognized international standards and is a positive step in reducing risks related to discrimination and labor exploitation within its operations.
LG Electronics adopts human rights principles - The Statesman
+75
Supply Chain Ethics
March 26
The company’s extension of its human rights principles to include its contracted companies suggests an effort to enhance supply chain ethics by ensuring that its suppliers adhere to similar labor and human rights standards. While commendable, the full impact will depend on the enforcement mechanisms and oversight implemented.
LG Electronics adopts human rights principles - The Statesman
- JUN302024
On June 30, 2024, LG Electronics announced the adoption of comprehensive human rights principles aligned with the United Nations Guiding Principles on Business and Human Rights. The initiative aims to prevent discrimination, forced labor, child labor, and other workplace violations both internally and across contracted companies, showcasing a strong ethical commitment.
+90
Labor Relations and Human Rights Practices
March 26
LG Electronics' integration and strengthening of human rights measures—aligned with UN guidelines—demonstrates a robust commitment to protecting worker rights and preventing exploitation. This initiative counters potential pathways to corporate complicity in oppressive labor practices, reflecting a proactive stance against authoritarian exploitation in economic affairs.
LG Electronics Adopts Human Rights Principles To Prevent Violations in the Company
+85
Business Practices and Ethical Responsibility
March 26
Beyond labor issues, LG Electronics' move to formalize human rights principles reflects a broader commitment to ethical business practices. This step reduces the risk of corporate actions indirectly fueling authoritarian structures by ensuring ethical oversight and transparent operations.
LG Electronics Adopts Human Rights Principles To Prevent Violations in the Company
- JUN302024
LG Electronics has adopted a comprehensive set of human rights principles that emphasize enhanced labor standards and ethical supply chain management. This initiative demonstrates the company's commitment to advancing worker rights and ensuring that its sourcing practices align with a higher standard of human rights.
+80
Labor Relations and Human Rights Practices
March 26
LG Electronics' adoption of human rights principles directly addresses labor standards, aiming to protect workers and support unionization efforts. This move is a strong positive step in ensuring that labor rights are respected and reinforced, countering exploitative practices.
LG Electronics Adopts Human Rights Principles - geo24news.com
+80
Supply Chain Ethics
March 26
The company’s new human rights principles extend to its supply chain, emphasizing ethical sourcing and measures to prevent human rights abuses. This initiative positively impacts supply chain ethics by holding suppliers to rigorous ethical standards.
LG Electronics Adopts Human Rights Principles - geo24news.com
- JUN012024
In June 2024, LG Electronics introduced its Global Human Rights Principles V1.0, which details a comprehensive and proactive framework to uphold labor rights, combat forced and child labor, and promote diversity and inclusion across its supply chains. The document reinforces LG's commitment to international human rights standards and responsible business practices, reflecting an ethical approach that stands in opposition to authoritarian exploitation.
+90
Business Practices and Ethical Responsibility
March 26
LG Electronics has clearly demonstrated strong ethical responsibility through the publication of its Global Human Rights Principles V1.0. The document lays out robust measures regarding non-discrimination, fair labor practices, supply chain transparency, and adherence to international human rights norms. These comprehensive policies not only help safeguard workers and stakeholders but also serve as a counterforce to authoritarian and exploitative practices, earning a high score in Business Practices and Ethical Responsibility.
LG Electronics Sustainability Reports and Human Rights Principles
- DEC312023
LG Electronics spent $240,000 on lobbying in 2023 as reported by OpenSecrets, indicating active corporate efforts to influence federal policy.
-40
Political Contributions and Lobbying Efforts
March 28
The disclosed lobbying expenditure of $240,000 in 2023 reflects LG Electronics' engagement in political influence activities. From an anti-fascist perspective, such corporate lobbying can undermine democratic accountability and contribute to the concentration of power, thereby earning a negative score.
- DEC312023
LG Electronics, a major South Korean electronics company, increased its annual US lobbying spending from US$120,000 (2019-2022) to US$240,000 in 2023, marking the highest spending in five years.
-70
Political Contributions and Lobbying Efforts
March 28
The significant increase in lobbying spending indicates a bolstered effort to exert influence over U.S. policy, a practice that typically prioritizes corporate interests over democratic accountability. From an anti-fascist standpoint, this heightened political spending consolidates corporate power in political spaces, raising concerns of undue influence and alignment with authoritarian interests.
Major Korean Companies Spend Record Amount on Lobbying in US in 2023
- OCT012023
Unionized workers at LG Electronics in South Korea have been conferred special consultative status by the United Nations Economic and Social Council in recognition of their efforts to advance ESG and workers' rights, marking the first such accolade for a Korean labor union.
+80
Labor Relations and Human Rights Practices
October 1
The UN's conferment of special consultative status to LG Electronics' union is a significant progressive milestone that bolsters worker rights and ESG commitments. This recognition highlights robust labor relations and ethical corporate practices, underlining a strong stance in favor of human rights and union empowerment.
Union Workers at LG Electronics Recognized by United Nations
- JAN012023
LG Electronics spent $240,000 on lobbying in 2023, as reported by OpenSecrets. The expenditure highlights the company's political spending, which can be seen as an effort to secure favorable policies that may undermine democratic processes.
-40
Political Contributions and Lobbying Efforts
March 28
The reported lobbying expenditure of $240,000 in 2023 reflects LG Electronics’ involvement in political spending. From an anti-authoritarian perspective, such corporate lobbying efforts are concerning as they can enable undue influence over policy-making and may erode democratic accountability.
- DEC062022
LG Group, the parent company of LG Electronics, has announced its exit from the Federation of Korean Industries. Chairman Koo Bon-moo mentioned in a National Assembly appearance that the group is ready to sever its financial ties with the lobby, signaling a move away from entrenched corporate political influence and lobbying practices that have often supported authoritarian and fascist policies. This decision is seen as a positive step toward reducing corporate complicity in systems that enable authoritarian control.
+70
Political Contributions and Lobbying Efforts
March 26
LG Group's decision to exit the Federation of Korean Industries reflects a deliberate move to reduce its involvement in traditional corporate lobbying. By cutting financial support to a powerful business lobby that has historically influenced policies in favor of authoritarian practices, the company minimizes its role in perpetuating systems of corporate and political collusion.
+65
Executive Political Engagement
March 26
Chairman Koo Bon-moo’s announcement in the National Assembly underscores a proactive stance by the company’s leadership to disengage from established political networks. This executive political engagement, by publicly declaring willingness to cut off financial support, serves as a countermeasure to the influence of corporate lobbying that can undermine democratic accountability.
- JAN182022
Unionized workers at LG Electronics in South Korea received special consultative status from the UN Economic and Social Council, recognizing their efforts to advance ESG and union social responsibility. This accolade underscores the company’s commitment to protecting worker rights and enhancing labor relations.
+80
Labor Relations and Human Rights Practices
March 28
LG Electronics' union workers being granted special consultative status by the UN ECOSOC highlights a robust commitment to labor rights and fair practices. This recognition not only reinforces the company's dedication to employee welfare but also sets a precedent for socially responsible corporate behavior, aligning with anti-fascist and progressive values.
Union Workers at LG Electronics Recognized by United Nations
- MAY062021
LG Electronics is under scrutiny following a UN OHCHR letter alleging potential involvement in human rights abuses through its supply chains, particularly regarding the treatment of Uyghur minority workers in China's Xinjiang region. The company has stated that its main electronics unit does not engage with vendors from the region, though concerns remain over overall supply chain oversight.
-15
Labor Relations and Human Rights Practices
March 26
The UN letter raises alarms over potential forced labor and human rights violations within LG's supply chains, reflecting concerns regarding the treatment and rights of minority workers. Although LG Electronics asserts that its primary electronics unit avoids vendors from the Xinjiang region, the allegations highlight significant vulnerabilities in labor relations and human rights practices.
Samsung, LG perplexed by UN allegations of Uyghur rights violation
-20
Supply Chain Ethics
March 26
UN allegations have put a spotlight on LG's supply chain practices, particularly with respect to forced labor in Xinjiang. Despite the company’s claim that its main electronics operations are not supplied by vendors from the region, the existence of vendor ties via other divisions (e.g., LG Display) suggests potential oversight issues and complicity risks.
Samsung, LG perplexed by UN allegations of Uyghur rights violation
- JAN012020
LG's recent corporate governance measures—such as the adoption of a holding company system and a strong independent board—demonstrate a commitment to transparency and ethical oversight, reducing the risk of internal consolidation that could contribute to authoritarian practices.
+80
Public and Political Behavior
March 26
LG's emphasis on an independent board and transparent governance practices ensures that decision-making is not unduly influenced by concentrated internal power. This structure reduces the risk of the company being complicit in political maneuvers that could support authoritarian agendas.
+80
Business Practices and Ethical Responsibility
March 26
The structural changes, such as removing the circulating investment structure and instituting a more centralized holding system, reflect LG's commitment to ethical business practices. By prioritizing accountability and board independence, LG minimizes risks associated with unchecked internal investment control, which is key in resisting corporate complicity in undemocratic processes.
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