Samsung Display joins ‘Responsible Business Alliance’ (RBA) to lead ESG value management

On February 21, 2021, Samsung Display announced that it has joined the ‘RBA’ (Responsible Business Alliance) to lead ESG value management that meets global standards. For those unaware, RBA is a global business association that fulfills its social responsibilities within the global supply chain.

The Reserve Bank of Australia has established and is operating the “Reserve Bank of Australia Code of Conduct” in accordance with several international norms in order to improve the level of business ethics. Currently, over 160 global companies including Samsung, Apple, and Intel are actively becoming members of this organization.

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According to Samsung Display, after joining RBA, it will not only comply with relevant laws, but will also comply with the global code of conduct in five areas of RBA, including labor, safety and health, environment, business ethics, and management systems.

“Samsung Display is a representative company that has been leading the global display industry. We prioritize environmental and social values ​​in all processes of manufacturing products, We will grow into a global company that contributes to development and happiness,” said Shin Jae-ho, vice president of management support.

ESG:

ESG is the abbreviation of Environment, Society, and Governance. It is a non-financial indicator used to evaluate the company’s contribution to the environment and society for sustainable development and has a healthy governance structure.