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LG Group

OVERALL

Owned
KOR
Rating
Criticisms

Chemicals, electronics and telecommunications

South Korea's fourth largest conglomerate.

LG Corporation   KOR     website         

> About the Ratings

Company Assessment

PRAISE CRITICISM INFORMATION
LG Corporation
Environment 84/100 in Solar Scorecard
The 2018-19 Solar Scorecard, produced by the Silicon Valley Toxics Coalition, rates solar panel producers on their commitment to the environment and worker safety. Areas looked at include emissions reporting, chemical reductions plan, workers rights and conflict minerals. This company received a score of 84/100.
Source: Silicon Valley Toxics Coalition (2019)
Environment Involvement in Rapu-Rapu mine
This company group is under a boycott call for their involvement in a controversial mining project in Rapu-Rapu, Philippines. Local residents face ecological disasters & their effects: health problems, loss of land & livelihood, and an uncertain future. LG owns 42% of the mine.
Source: Save Rapu-Rapu (2012)
Social Military involvement
LG has comprehensive defense offerings and is a major supplier to the South Korean military.
Source: company website (2019)
Social Forced labour in China
The Chinese government has facilitated the mass transfer of Uyghur and other ethnic minority citizens from the far west region of Xinjiang to factories across the country. Under conditions that strongly suggest forced labour, Uyghurs are working in factories that are in the supply chains of at least 83 well-known global brands in the technology, clothing and automotive sectors, including brands owned by this company. The Australian Strategic Policy Institute's 2020 report estimates (somewhat conservatively) that more than 80,000 Uyghurs were transferred out of Xinjiang to work in factories across China between 2017 and 2019, and some of them were sent directly from detention camps.
Source: ASPI (2020)
Business Ethics 7/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 7/100 in the Industrial Conglomerates category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2019)
Environment Supply chain practices in China
This company received a score of 12.8/100 (retrieved 10-Oct-2020) in the Corporate Information Transparency Index (CITI), a system for evaluating supply chain practices in China, particularly in regards to environmental management and water pollution. Scores are calculated using government compliance data, online monitoring data, and third-party environmental audits, as well as trends in the environmental performance of factories in the company's supply chains.
Source: IPE (2020)
Social Workers rights in China
This company is a client of Biel Crystal, supplier of 60% of the world's touchscreen cover glasses. This SACOM 2013 investigative report discovered serious labour rights abuses in Biel Crystal's Chinese factories including excessive working hours, military-style management, worker suicides and blank work contracts. Moreover, Biel Crystal's Shenzhen factory has been fined by the Shenzhen municipal government for 3 continuous years of polluting the environment. [Listed under Information due to age of report]
Source: SACOM (2013)
Business Ethics Sustainable Brands member
This company is a Bronze Member of the Sustainable Brands Network, the leading peer to peer, learning and networking group designed to support brands in meeting their sustainability goals and ultimately become those leaders of the next sustainable economy.
Source: Sustainable Brands (2018)
Environment Microbeads scorecard
In 2016 Greenpeace East Asia ranked the world's 30 biggest personal care companies on their commitment to eliminating microbeads from their personal care products. The scorecard was based on four main criteria: commitment & transparency, definition, deadline and global application. This company was ranked as 'getting there'. Microbeads are not retained by wastewater treatment and end up in the ocean where they are a threat to the marine environment.
Source: Greenpeace (2016)
Information Corporate Rap Sheet
The Corporate Research Project's Corporate Rap Sheets are dossiers summarising the most significant crimes, violations and other questionable activities of the world's largest and most controversial companies. Follow link to see this company's Corporate Rap Sheet.
Source: Corporate Research Project (2018)

> About the Icons

Company Details

Type Public company
Revenue US$147 billion in 2018
Employees 220,000 in 2012
Subsidiaries LG Electronics Inc 

Electronic goods manufacturer

Founded as Goldstar in 1958. World's #2 television manufacturer. Consumer electronics, mobile communications and home appliances.


  - LG Electronics Australia Pty Ltd 

Household appliance wholesaling

Established 1997. Importer and distributor of home appliances, mobile phones and home electronics.


LG Household & Health Care Ltd 

Consumer goods

Cosmetics, household goods, and beverages business. Founded in Korea in 1947.


  - The Avon Company 

Beauty products

North America's largest direct selling beauty company. In 2016 Avon spun off its North American unit to create New Avon, which was acquired by LG in 2019. Renamed The Avon Company in Jan 2021.

Contact Details

Address Seoul, Republic of Korea
Website www.lgcorp.com

Products / Brands

LG Electronics Australia
LG Laptops
LG Tablets
LG Audio Equipment
LG Blu-Ray/DVD Players
LG Televisions
LG Smartphones
LG Air Conditioners
LG Dishwashers
LG Fridges & Freezers
LG Microwaves
LG Washing Machines & Dryers
LG Vaccuum Cleaners
LG G Watch Smartwatches

LG H&H
Reach Dental Floss
Reach Toothbrush
Tek Toothbrush


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