LG Innotek announced on November 11 that it has been recognized as a top company for sustainable growth for the 10th consecutive year, receiving the highest rating in the '2025 Sustainable Growth Index Evaluation' released by the Sustainable Growth Committee.
The Sustainable Growth Index is a metric developed by the committee to quantify companies' efforts and levels of collaboration with partner firms, categorizing them into five ratings: excellent, good, average, insufficient, and very insufficient. LG Innotek has maintained the highest rating since the evaluation began in 2016, reaffirming its commitment to collaborative management with its partners.
Under the belief that the competitiveness of its partners directly impacts its own, LG Innotek has consistently expanded its support each year to adapt to changes in the business environment surrounding its partners.
Initially focused on financial and production innovation, LG Innotek has broadened its support to include smart factory construction, ESG management, and on-site professional training. Recently, it has also expanded its assistance to areas such as AI, industrial safety, and technology protection, helping partners achieve sustainable growth and secure future competitiveness.
Notably, LG Innotek operates a 'Sustainable Growth Fund' worth 143 billion won to support the stable management of its partners. Established in 2010, this fund provides financing to partners at lower interest rates than commercial banks. To date, it has supported a total of 304 billion won to 130 companies.
Support for innovation in production sites and enhancement of job capabilities has also been steadily increased. LG Innotek assists partners struggling with factory automation by supporting smart factory construction. Through its 'Partner Capability Enhancement Training Center,' it shares production technology know-how and has introduced AI training since last year to bolster on-site capabilities.
This year, LG Innotek has further expanded its support for partners' sustainable growth by enhancing assistance in industrial safety and technology protection.
To strengthen partners' health and safety management systems, it has implemented specialized training for risk assessment personnel and provided comprehensive health check-ups for workers at partner firms and local SMEs.
A new support system has also been established to protect partners' core technologies. LG Innotek is assisting in the establishment of 'technology leak prevention systems' and participation in 'technology protection vouchers' in conjunction with government technology protection support projects, as well as providing consulting and management system establishment for technology protection. This aims to enhance partners' capabilities in protecting core technologies and trade secrets while reducing the risk of technology leaks across the supply chain.
In the ESG sector, LG Innotek continues to support partners in effectively responding to global customer requirements and supply chain regulations. This year, it introduced a new program to assist partners in obtaining safety and health management (ISO 45001) certification, successfully helping five partners achieve certification.
Communication with partners has also been continuously strengthened. LG Innotek listens to the Voice of Suppliers (VOS) and holds 'Sustainable Growth Camps' to exchange information on key management issues and best practices. Additionally, it organizes the 'Sustainable Growth Academy' annually for partner executives and practitioners, providing essential information on global economic and market trends, supply chain carbon neutrality, and AI transformation.
CEO Moon Hyung-soo stated, "Being named a top company for ten consecutive years is the result of our efforts to enhance competitiveness and achieve sustainable growth through close collaboration with our partners. We will continue to strengthen collaborative management that provides tangible benefits to our partners, leading the way in creating a healthy industrial ecosystem and virtuous cycle."
* This article has been translated by AI.
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