Company Directory - LG Energy Solution Ltd.
Company Details - LG Energy Solution Ltd.
LG Energy Solution Ltd.
WebsiteSeoul, South Korea
LG Energy Solution Ltd. is a global leader in advanced lithium‐ion battery technology and energy storage solutions. The company specializes in the design, development, and manufacturing of batteries for electric vehicles and other energy storage applications, partnering with major automotive companies such as Hyundai to drive sustainable mobility.
CCI Score
CCI Score: LG Energy Solution Ltd.
21.93
-0.02%
Latest Event
Forced Labor Allegations in Battery Manufacturing Supply Chains
Reports allege that battery manufacturing companies connected to forced labor practices in China may be linked to LG Chem operations, a predecessor and related entity to LG Energy Solution. This raises concerns over labor practices and supply chain ethics within the industry.
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SABOTEUR
LG Energy Solution Ltd. is currently rated as a Saboteur.
Latest Events
- MAR262025
Reports allege that battery manufacturing companies connected to forced labor practices in China may be linked to LG Chem operations, a predecessor and related entity to LG Energy Solution. This raises concerns over labor practices and supply chain ethics within the industry.
-70
Labor Relations and Human Rights Practices
March 27
Multiple reports have highlighted forced labor risks in the supply chains of battery manufacturers. Although LG Energy Solution is not explicitly mentioned, its association with LG Chem, which is implicated in such reports, raises serious concerns regarding its labor relations and human rights practices. The negative implications of forced labor in production sites undermine workers' rights and signal potential complicity in state-imposed forced labor systems.
China: Battery and bus manufacturers accused of connection to forced labor practices
-65
Supply Chain Ethics
March 27
Concerns about ethical sourcing have emerged due to allegations that companies in the battery production sector, including LG Chem (closely related to LG Energy Solution), may be connected to forced labor practices in regions like Xinjiang and Tibet. The potential involvement in such supply chain practices suggests a need for greater transparency and ethical oversight.
China: Battery and bus manufacturers accused of connection to forced labor practices
- MAR242025
A coalition of regional agencies pressed Lansing City Council and the Michigan Strategic Fund to transfer over $186M in state and local incentives to LG Energy Solution, positioning the company as the sole owner of a $2.6 billion EV battery plant in Delta Township, Michigan. This move raises questions about the leveraging of political influence and public funds in corporate consolidation.
-20
Public and Political Behavior
March 27
LG Energy Solution is benefiting from a political process where a coalition successfully lobbied for the transfer of state and local incentives. This direct influence on public funding and regulatory mechanisms reflects a willingness to leverage political connections to secure economic advantages, which can undermine democratic accountability.
-25
Economic and Structural Influence
March 27
The transfer of significant public subsidies to LG Energy Solution, facilitating its exclusive control over a $2.6 billion battery plant, is indicative of economic structures that favor powerful corporations. This reliance on public funds to secure market dominance underscores systemic issues related to crony capitalism and economic influence over policy-making.
- MAR072025
LG Energy Solution, as part of the Ultium Cells joint venture, has seen nearly 1,000 UAW workers ratify a landmark union contract. This agreement strengthens labor rights by ensuring fair wages, healthcare, and job security for workers in the EV battery production sector.
+80
Labor Relations and Human Rights Practices
March 25
The ratification of this union contract represents a significant improvement in labor relations for LG Energy Solution's joint venture. The comprehensive benefits and job security measures introduced promote fair labor practices and worker rights, counteracting exploitative conditions and supporting democratic labor movements.
Tennessee UAW Workers Ratify Historic Union Contract with GM Joint Venture
- MAR032025
A recent research report warns that 75% of the global battery supply chain is at risk of forced labor violations, implicating major industry players like LG Energy Solution in potential human rights abuses through unethical sourcing practices.
-70
Supply Chain Ethics
March 27
The report details severe allegations of forced labor and human rights abuses occurring in the battery supply chain, which LG Energy Solution is a significant part of as a leading battery manufacturer. This raises serious concerns over the company’s supply chain ethics, implying potential complicity in unethical sourcing practices and forced labor, which aligns with broader issues of corporate complicity in human rights violations.
75% of Global Battery Supply Chain at Risk of Violating Forced Labor Laws
- FEB192025
The OpenSecrets profile on LG Corp reveals the company's involvement in lobbying efforts, a practice that may enable significant influence over political decisions. This activity, when viewed through an anti‐fascist lens, is concerning as it suggests that the company is potentially leveraging its financial power to sway policies in ways that can contribute to authoritarian practices. The data, collected and updated as of February 19, 2025, underscores a pattern of political contributions and lobbying that raises questions about the firm’s commitment to democratic accountability.
-50
Political Contributions and Lobbying Efforts
March 27
The data from OpenSecrets indicates that LG Corp, linked to LG Energy Solution, is engaged in active lobbying. In an environment where corporate political influence can undermine democratic processes and potentially support authoritarian policies, this involvement is considered a negative marker. The score of -50 reflects moderate complicity in using political contributions and lobbying to influence policy outcomes in favor of corporate interests, which may inadvertently support fascist or authoritarian agendas.
- FEB042025
LG Energy Solution has been internationally recognized for its outstanding sustainable management practices, which include robust ESG initiatives, proactive climate risk assessments, transparent supply chain management, and efforts towards carbon neutrality. This achievement highlights the company’s commitment to ethical business practices and stands in contrast to corporate behaviors that might otherwise bolster authoritarian agendas.
+90
Business Practices and Ethical Responsibility
March 25
LG Energy Solution’s recognition as an 'Industry Mover' by S&P Global reflects its strong commitment to sustainable business practices and ethical responsibility. The company's effective ESG management, initiatives to reduce greenhouse gas emissions, and efforts to ensure supply chain transparency are commendable and support a progressive, responsible approach that counteracts tendencies towards authoritarianism.
LG Energy Solution recognized globally for sustainable management
- JAN222025
LG Energy Solution has been recognized in Corporate Knights’ Global 100 for its leading ESG practices, strong sustainable revenue and investment performance, and transparent supply chain and labor practices that underscore its commitment to corporate ethics.
+90
Business Practices and Ethical Responsibility
March 25
LG Energy Solution’s exceptional performance in sustainable revenue, investment, and proactive ESG measures—such as adopting Life Cycle Assessment (LCA) and third-party verifications—demonstrates robust business practices and ethical responsibility. These initiatives reflect a strong commitment to long-term, responsible corporate behavior.
+85
Supply Chain Ethics
March 25
The company has implemented comprehensive supply chain ethics measures by publishing a detailed 'Supply Chain Sustainability Report', developing IT systems for enhanced supplier traceability, and continuously assessing risks within its supply network. These actions promote transparency and ethical sourcing.
+80
Labor Relations and Human Rights Practices
March 25
LG Energy Solution’s dedication to social footprint management is evident through its due diligence processes designed to mitigate adverse human rights impacts. These measures, aimed at protecting labor rights and ensuring fair practices within the company, reflect a commitment to ethical labor relations.
- JAN012025
The 2024/2025 report outlines LG Energy Solution’s comprehensive supply chain due diligence and sustainability initiatives, including robust forced labor risk management, grievance mechanisms, and supplier due diligence processes designed to ensure ethical sourcing and respect for human rights.
+75
Business Practices and Ethical Responsibility
March 25
LG Energy Solution has demonstrated a strong commitment to ethical business practices through the establishment of a comprehensive supply chain management framework. Their report details adherence to global sustainability standards, effective due diligence processes, and proactive measures to mitigate risks including forced labor. This focus enhances their responsibility in business practices and ethical responsibility.
+80
Labor Relations and Human Rights Practices
March 25
The report highlights robust measures to protect labor rights and uphold human dignity throughout the supply chain. Initiatives such as forced labor risk management, grievance mechanisms, and regular supplier assessments illustrate a proactive approach to human rights, positioning the company positively against authoritarian exploitation.
- DEC312024
LG Energy Solution, in conjunction with Hanwha Solutions, spent $360,000 on lobbying efforts in 2024. This spending, as reported by OpenSecrets, is seen as an attempt to influence federal policy at a time when corporate political activities can undermine democratic accountability, potentially bolstering authoritarian trends.
-40
Political Contributions and Lobbying Efforts
March 25
LG Energy Solution's reported lobbying expenditure of $360,000 in 2024 signifies a strategic push to influence federal policy decisions. This intense lobbying effort raises concerns from an anti-fascist perspective, as it could be used to foster regulatory environments favorable to corporate interests over public welfare and democratic accountability.
LG Energy Solution/Hanwha Solutions Lobbying Profile • OpenSecrets
- NOV032024
Non-regular workers allege that LG Energy Solution engaged in illegal dispatching practices by hiring subcontracted workers for core production processes, leading to wage disparities and inadequate working conditions, in violation of South Korea's Dispatch Workers Protection Act.
-80
Labor Relations and Human Rights Practices
March 25
The lawsuit filed by non-regular workers accuses LG Energy Solution of illegal dispatching, a practice that undermines labor rights and fair employment standards. Such allegations point to systemic exploitation where subcontracted workers are used in core production roles, highlighting serious breaches in labor relations and human rights practices.
LG Energy Solution Accused of Illegal Dispatching in South Korea
- SEP072024
LG Energy Solution recognized workers’ desire to join the UAW at its Tennessee EV battery plant, initiating local bargaining and reinforcing positive labor relations and human rights practices.
+80
Labor Relations and Human Rights Practices
March 25
LG Energy Solution’s decision to recognize its employees' desire for UAW representation at the Tennessee EV battery facility is a strong endorsement of labor rights. This move supports fair labor practices, enhances collective bargaining, and reflects a commitment to worker empowerment, which is crucial in resisting authoritarian corporate practices that undermine worker rights.
GM and LG Recognize UAW at Tennessee EV Battery Plant, Moving Toward Local Bargaining
- JUL012024
Data from LobbyFacts reveals that LG Energy Solution engaged in a series of high-level lobbying meetings with EU commissioners and other officials. These activities raise concerns about the company's potential influence on regulatory policies in favor of its own interests, which critics argue may contribute to weakening democratic accountability.
-70
Political Contributions and Lobbying Efforts
March 25
According to the LobbyFacts data, LG Energy Solution has been involved in multiple high-level meetings with EU officials. Such engagement in political lobbying may enable the company to exert undue influence on policy-making. From an anti-fascist perspective, this behavior is problematic because it aligns corporate interests with potential authoritarian practices by prioritizing regulatory changes that favor the company over public accountability.
- JUN012024
LG Energy Solution has published a comprehensive Global Human Rights & Labor Policy outlining its commitment to upholding strict labor standards, protecting human rights, and ensuring ethical supply chain management. The policy, aligned with international conventions and best practices, emphasizes the prohibition of forced labor, child labor, discrimination, and reinforces robust grievance mechanisms.
+95
Labor Relations and Human Rights Practices
March 27
LG Energy Solution's policy demonstrates a strong commitment to labor rights and human dignity, explicitly prohibiting forced labor, child labor, and discrimination. The policy aligns with international human rights standards and includes comprehensive measures for worker protection, grievance mechanisms, and equal opportunity practices.
+90
Supply Chain Ethics
March 27
The policy includes detailed supply chain due diligence measures, ensuring responsible sourcing and adherence to human rights standards among suppliers. This proactive stance on supply chain ethics reflects strong ethical business practices and an effort to mitigate risks associated with forced labor or human rights abuses in their extended value chain.
- JAN012024
A recent report from OpenSecrets reveals that LG Energy Solution, in conjunction with Hanwha Solutions, has spent $240,000 on lobbying efforts in 2024. This level of expenditure raises concerns about the company's potential to influence U.S. policy in ways that may prioritize corporate interests over broader democratic accountability.
-40
Political Contributions and Lobbying Efforts
March 27
LG Energy Solution's reported $240,000 spending on lobbying in 2024 suggests a significant effort to shape policy outcomes. From a left-leaning perspective, such actions are viewed as attempts to secure corporate advantages at the potential expense of democratic transparency and equitable policy-making. This behavior can contribute to an environment where corporate interests overpower public welfare, marking a negative impact on political accountability.
LG Energy Solution/Hanwha Solutions Lobbying Reports • OpenSecrets
- OCT012023
LG Energy Solution has implemented strong governance practices by establishing a Corporate Governance Charter that emphasizes board independence, expertise, and diversity in its Board of Directors.
+70
Public and Political Behavior
March 27
LG Energy Solution's charter and guidelines on board independence and diversity enhance transparency and accountability, reducing the risk of undue political influence. This governance framework supports democratic corporate practices and counters potential authoritarian tendencies.
+70
Business Practices and Ethical Responsibility
March 27
The establishment of a structured Corporate Governance Charter and clear guidelines on the independence and diverse expertise of board members reflect robust business practices and ethical responsibility. These measures promote transparency and accountability, countering potential corporate practices that could undermine democratic norms.
- JUL142023
LG Energy Solution demonstrates a commitment to ethical supply chain practices by implementing a blockchain-based system to track raw materials and enforce a strict Code of Conduct for its suppliers. This initiative supports transparency and adherence to human rights, labor, and environmental standards.
+80
Supply Chain Ethics
March 25
By deploying a blockchain platform and enforcing a comprehensive Code of Conduct for Suppliers that includes standards for human rights, labor, ethical management, and environmental sustainability, LG Energy Solution is proactively mitigating risks associated with raw material sourcing. This responsible approach enhances supply chain transparency and aligns with ethical business practices that counter exploitative systems linked to authoritarian structures.
- JAN012023
LG Energy Solution has implemented a comprehensive Responsible Sourcing Policy aimed at enhancing supply chain transparency and mitigating ESG risks. The company conducts regular third‐party audits, supplier evaluations against ESG risk indicators, and has established due diligence mechanisms to address critical issues like child labor and forced labor in its cobalt supply chains. These measures align with international standards such as those set by the OECD, UN, and ILO, reflecting a proactive stance in ethical supply chain management.
+80
Business Practices and Ethical Responsibility
March 25
LG Energy Solution’s approach to supply chain management emphasizes transparency and accountability, particularly in its efforts to avoid sourcing from conflict-affected areas and to prevent human rights abuses such as child and forced labor. The company's detailed ESG risk assessments, third‐party audits, and collaborative initiatives like the Responsible Minerals Initiative and Fair Cobalt Alliance indicate a solid commitment to ethical business practices. While there is room for improvement in terms of broader worker rights engagement, the current measures represent a positive step towards reducing complicity in exploitative supply chains.
Managing ESG Risks in Our Supply Chains ｜ LG Energy Solution
- JAN012023
LG Energy Solution has initiated a comprehensive Human Rights Impact Assessment to evaluate and mitigate potential human rights risks among its workforce and in-house subcontractors. The initiative includes self-assessments, on-site audits, and enhanced supplier monitoring to ensure fair labor practices and ethical treatment.
+80
Labor Relations and Human Rights Practices
January 1
LG Energy Solution has proactively implemented a human rights impact assessment that evaluates critical areas such as forced labor, worker safety, non-discrimination, and the rights to association and collective bargaining. This comprehensive approach demonstrates a strong commitment to upholding labor rights and addressing potential abuses within its operations and subcontractor relationships.
+70
Supply Chain Ethics
January 1
In addition to its internal labor practices, LG Energy Solution is working to enhance its monitoring systems and management protocols for its in-house subcontractors and suppliers. The integration of a Code of Conduct for Suppliers and preventive activities points to a deliberate effort to ensure supply chain ethics and prevent human rights violations within its broader network.
- JAN012023
LG Energy Solution demonstrates a robust commitment to ethical labor practices and human rights. The company’s comprehensive human rights impact assessment—including risk identification, third-party audits, and enhanced contractor monitoring—highlights a proactive approach to ensuring fair labor conditions and countering practices that could enable authoritarian abuses.
+90
Labor Relations and Human Rights Practices
March 27
LG Energy Solution has put in place strong mechanisms to monitor and improve human rights impacts in its operations, including self-assessments, documentation reviews, interviews, and on-site third-party audits. This thorough approach to labor relations and the well-being of both employees and contractors supports high ethical standards, which is critical in resisting oppressive labor practices and authoritarian tendencies.
- JAN012021
LG Energy Solution has implemented a robust ESG evaluation system for its supply chain, emphasizing strict adherence to a Supplier Code of Conduct and comprehensive audits that assess labor rights, safe working conditions, and environmental safety across suppliers. The initiative includes regular assessments and on-site audits that identify and mitigate risks such as child labor and unsafe work conditions, thereby promoting ethical business practices and human rights.
+85
Labor Relations and Human Rights Practices
March 25
LG Energy Solution's commitment to evaluating labor rights through detailed ESG assessments and supplier audits demonstrates a strong adherence to protecting workers’ rights. By assessing critical factors such as prohibition of child labor, compliance with safe working hours, and ensuring a safe work environment, the company showcases proactive measures to uphold human rights in its supply chain.
+80
Supply Chain Ethics
March 25
The company employs a comprehensive ESG framework for its supply chain, integrating rigorous supplier evaluations and on-site audits to ensure adherence to international standards. This approach in monitoring and auditing over 200 raw material manufacturers demonstrates a commitment to ethical sourcing and mitigating risks associated with forced labor and other human rights abuses.
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