LG Energy Solution Starts ESG Audit of Cell Material Suppliers

LG Energy Solution is carrying out an internal “in-depth” audit into ESG standards at its suppliers for cathodes and anodes, Sungyong Lee, an ESG executive at the South Korean battery maker said Wednesday at a seminar in Seoul hosted by Korean law firm BKL.

• LG divides its suppliers into two groups — high risk and low risk — and then grades them by LG’s own internal categories: Lee
• LG focuses on environmental and human rights issues such as forced labor in the Xinjiang Uygur region and is using a third-party company to help with its audit efforts
• One of the ...