Society

Protecting Human Rights3.3.1

Hyundai Steel publicly supports and ensures compliance with the standards and laws of international organizations and groups related to labor and human rights, such as the Universal Declaration of Human Rights, the UN Principles on Business and Human Rights, and the International Labor Organization Convention. Through this, we realize the value of human rights, practice social responsibility in all aspects of our business, and strive to communicate with diverse stakeholders to achieve sustainable growth. In addition, we ensure the international human rights and labor regulations mentioned above are observed by all stakeholders, and are putting in place organizations, operational structures, monitoring, measures, and internal/external reporting processes for compliance.

Hyundai Steel's Human Rights Management Policies

  • 01
    Respect the human rights of employees, and uphold their dignity as human beings.
  • 02
    Take an active approach to preventing human rights violations by stakeholders.
  • 03
    Consider human rights factors in all stages of business, including product development, production, sales and services.
  • 04
    Identify the human rights risks in all the communities in which we conduct business and take the lead in realizing the value of respecting human rights.
Operation Guidelines
  • Humane treatment
    Strive to prevent mentally or physically inhumane treatment as part of realizing the dignity and value of humanity. If inhumane treatment does occur, take strict measures in accordance with the relevant regulations
  • Prohibition of forced labor
    Respect the worker's freedom to choose in matters of labor. Prohibit all forms of unfair labor such as assault, intimidation, confinement, tracking, and slave labor. Comply with the Labor Standards Act in relation to labor contracts.
  • Prohibition of child labor
    Comply with regulations on child labor, follow appropriate procedures and provide ample support for workers who are minors, in accordance with laws and regulations, and continuously verify legal compliance.
  • Prohibition of discrimination
    Respect the diversity of all employees, and prevent all types of discrimination on the basis of sex, race, age, gender identity, educational background, disability, religion, political orientation and social status in employment processes such as hiring, wages, promotions, etc.
  • Compliance with working hours
    Comply with local regulations on working hours, including regular, overtime and holiday work. Continuously monitor regulatory changes to prevent violations.
  • Guarantee of freedom of association
    Promote sound organizational development through effective and continuous communication between labor and management. Ensure freedom of association in accordance with the relevant local laws, and prevent unfair treatment based on labor union membership and activities.
  • Protection of personal information
    Protect the personal information of stakeholders, including customers, in accordance with local laws and regulations as part of protecting stakeholder human rights. Prohibit the use of personal information without the consent of the parties or for purposes other than those agreed upon
  • Participation in local communities
    Identify potential impacts on communities near worksites, listen to community feedback to prevent problems, and strive for continuous communication.

Hyundai Steel Human Rights Risk Management Process

Implementation of Hyundai Steel Human Rights Assessments

Every year, we conduct human rights assessments of our business sites and suppliers in order to prevent and reduce human rights risks, as defined in our Human Rights Management Policy and Detailed Operational Guidelines. At our business sites, we conduct employee surveys that include items relating to human rights in order to assess compliance with the aforementioned policy and guidelines. We also conduct ESG surveys that include human rights matters on our suppliers, as well as on-site due diligence at worksites where key risks were identified. If human rights risks are discovered during these processes, we take action to identify and address related issues as part of our efforts to protect human rights company-wide.

Assessment Process

  • Check external
    conditions
    Check external conditions
    • Analyze megatrends
    • Check for legal and regulatory changes
    • Analyze global CSR initiatives
    • Review the CSR assessment indicators of leading companies
  • Create indicators for assessment(Assess human rights management)
    Develop new indicators Design a scoring system for each indicator
    (Assign points and weight)
  • Create a checklist
    Prepare survey questions
    • Develop a survey plan
    • Establish survey details based on indicators
    Create a checklist for each company
  • Conduct self-assessment
    Conduct self-assessment on human rights management
    • Establish assessment plan
    • Conduct assessment
    Analyze the results
  • Analyze the results and make improvements
    Establish improvement plans
    and report the results

Results of Human Rights Assessments

Hyundai Steel conducted the 2020 human rights assessment across all domestic business sites(7) and overseas manufacturing subsidiaries(16) in accordance with our human rights assessment process. As a result, two business sites were found to have issues - “lack of grievance resolution channels and mechanisms” and “discrimination in the workplace”. In response, we established a communication channel, “To CEO”, that guarantees anonymous reporting of grievance, took disciplinary measures against the perpetrators, and provided online training on “Prevention of harassment in the workplace” in order to address workplace harassment. In addition, we expanded the human rights assessment across 350 suppliers in 2020, as part of our Supply Chain ESG. A total of 20 suppliers were found to have human rights issues, such as insufficient regulations on the discrimination of minority groups, and the absence of systems to check work hours. Among the 20, 18 suppliers revised their internal regulations or established guidelines on employment in order to address the issues identified in the assessment, and received confirmation by the Company on their improvement.(26 out of 37 suppliers which have had human rights issues over the past three years have completed improvement measures.)

Average Scores by Human Rights Indicator

(Weighted average with 100 points as maximum score)

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