The ‘Hyundai Doosan Infracore Supplier CSR Guideline’ sets forth the basic regulations with which product and service suppliers and partners must comply. These guidelines are based on the ten principles of the UN Global Compact. All trading partners of Hyundai Doosan Infracore are kindly requested to comply with these guidelines.
Hyundai Doosan Infracore Supplier CSR Guideline
Legal Raw Material Acquisition
Implementing Employee training
10 Principles of the UN Global Compact
The 10 principles of Global Compact on human rights, labor, environment, and anti-corruption stemmed from the following declarations and conventions along with the global consultation process:
Principle 1 : A business shall support and respect ‘human rights’ -related international announcements.
Principle 2 : A business shall avoid any involvement in the infringement of human rights.
Principle 3 : A business shall recognize freedom of association as well as the right to collective bargaining.
Principle 4 : A business shall avoid all types of forced labor.
Principle 5 : A business shall not engage in child labor.
Principle 6 : A business shall not engage in discrimination in its employment and business.
Principle 7 : A business shall adopt preventive approaches to environmental problems.
Principle 8 : A business shall take steps to fulfill its environmental responsibilities.
Principle 9 : A business shall promote the development and dissemination of eco-friendly technologies.
Principle 10 : A business shall shun all types of corruption including unjust gains and bribery.
Background of Conflict Minerals Regulation
Definition of conflict minerals
Conflict Minerals refer to the 4 major minerals(tin, tantalum, tungsten, and gold) produced in the conflict region of Democratic Republic of Congo(DRC) and the 9 surrounding nations of Sudan, Rwanda, Burundi, Uganda, the Congo, Zambia, Angola, Tanzania, and the Central African Republic.
Necessity of regulating conflict minerals
Armed forces in these regions secure funds through the mining and distribution of minerals to continue their conflicts, giving rise to social problems such as casualties, human rights violations, exploitation of child labor, sexual violence, and environmental pollution. As a result, there has been continuous demand to disclose the origin of minerals used in corporate products and to stop using conflict minerals.
Legal basis for conflict minerals regulation
Enacted in the U.S. in 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act contains restrictions on the use of conflict minerals. As the first step, companies listed on the U.S. stock exchange should determine whether they are subject to the conflict minerals regulation. Those companies should determine the country of origin at a reasonable level as the second step. Lastly, those companies are required to conduct due diligence on the supply chain and report the use of conflict minerals to the U.S. Securities and Exchange Commission.
Conflict Minerals Policy of Hyundai Doosan Infracore
As a responsible corporate citizen, Hyundai Doosan Infracore endeavors to ensure that conflict minerals associated with armed forces in conflict areas are not included in the supply chain for the production of our products. To this end, all partners doing business with us should strive not to use conflict minerals in the manufacture of goods and, if necessary, submit a certificate of origin to prove this. Hyundai Doosan Infracore will actively participate in international efforts to prohibit the use of conflict minerals with our partners and customers, thereby fulfilling our social responsibility for protecting the human rights of the Democratic Republic of Congo and neighboring countries.
Hyundai Doosan Infracore's response status
Hyundai Doosan Infracore is operating the conflict minerals management process it has established based on collaboration between procurement, ESG, CMS organizations. Hyundai Doosan Infracore is trying to improve our understanding of conflict minerals by establishing a conflict minerals response system, surveying its use status, managing partner risks, and guiding partners.