Sustainability
T&L Code of Ethics and Guidelines
2023. 01. 01 Enacted
T&L Code of Ethics
Respect for Customers
We treat our customers with the belief that what is beneficial to the customer is also beneficial to the company. We always think from the customer's perspective, respect the customer's opinion, and always keep our promises to the customer. We provide only accurate information about products and services, and strive to achieve customer satisfaction by providing the best products and services.
Compliance with Laws and Fair Competition
During business and sales activities, we comply with all laws and regulations of all countries and communities, and respect social values, such as customs and culture, of the relevant country or region. Unethical and inappropriate behavior is strictly prohibited in the course of business activities, and the company does not under any circumstances compensate or protect against illegal and unethical behavior by executives and employees. We respect our competitors and take the lead in establishing a sound market order through fair and free competition with our competitors.
Square Deal
All transactions are conducted in accordance with the principles of free competition, which guarantees fair and equal opportunities for participation. We do not use our superior position to exercise any form of unethical or inappropriate coercion or influence. We pursue joint development with all trading parties based on mutual trust.
Respect for Shareholders
We strive to protect shareholders' investment returns by realizing profits through sound management activities. In order to maintain a relationship of mutual trust with shareholders, corporate information is transparently disclosed in accordance with established laws and regulations, and the processing and reporting of accounting data, etc., strictly follows the standards and laws of the relevant country. We treat all shareholders, including minority shareholders and foreign shareholders, fairly and equally, and make management decisions by considering the interests of all shareholders to ensure that shareholders' interests or rights are not unfairly infringed.
Responsibilities and Obligations to the Country and Society
We faithfully perform the roles and duties required of us as members of the nation and society. We contribute to national development by creating employment and faithfully paying taxes, and actively contribute to social service activities and cultural development. We do not avoid social issues encountered during business execution, but identify relevant stakeholders, actively communicate with them, and seek solutions. We actively strive to ensure sustainable use of resources and energy and prevent environmental pollution throughout the entire process of business and sales activities. We strive to protect the environment by complying with domestic and international environmental laws and agreements and supporting environmental education for executives and employees. Make it a habit to observe cleanliness and safety rules at the workplace, and take appropriate action immediately if any risk factors are discovered in the workplace. We must actively strive to prevent major disasters that harm life and physical safety due to defects in raw materials and products being produced, manufactured, sold, and distributed, and take prompt and appropriate measures when defects are discovered. The company does not engage in politics, and executives and employees do not say or do anything that could cause their personal views to be misunderstood as the company's political stance.
Responsibility for Executives and Employees
We respect the personality and thoughts of each employee and do not discriminate based on gender, educational background, or region of origin when providing opportunities to improve abilities. We evaluate executives and employees fairly based on their abilities and achievements, and compensate them fairly. We do our best to create working conditions where the creativity and abilities of our executives and employees can be maximized, and we actively support the development of creative talent. We actively take necessary measures to ensure the safety and health of our executives and employees, and maintain a safe working environment free from occupational accidents, injuries, disasters, diseases, and contagious diseases.
Basic Ethics of Executives and Employees
Executives and employees take pride in being members of T&L and always maintain an honest and sincere attitude to life. Each executive and employee represents T&L and always protects T&L's honor through polite behavior and dignified language. Executives and employees share the company's management philosophy, goals, and values, faithfully carry out the mission assigned to each member in accordance with the company's policies, and do not act against the interests of the company's stakeholders, such as shareholders, investors, and customers. We clearly distinguish between public and private affairs and do not use our position to pursue personal gain. In cases where there is a conflict between the interests of the company and an individual, the company is given priority. Executives and employees must not use internal information acquired through their position in the company for personal gain. While respecting the rights of others regarding intellectual property, we also protect our own rights. The company's trade secrets will not be disclosed to outside parties without prior approval from the company, either during employment or after retirement.
Compliance with the Code of Ethics
Executives and employees, regardless of their status, must faithfully comply with this Code of Ethics, and executives and employees who violate it may be subject to corresponding disciplinary action. If executives and employees are coerced or become aware of an act that violates this Code of Ethics, executives and employees must inform and consult with the audit organization, and the audit organization must take all measures to protect the parties involved in the reports and tips of executives and employees.
Ethical Conduct Guidelines
Honest and Transparent Management Activities
You should not accept any rewards from interested parties regardless of the reason, and if you are presented with a reward by a stakeholder, you must politely decline or return it. Family members of executives and employees should also not receive or request rewards from stakeholders that are believed to be provided in connection with the employee's work. The basic types of rewards are as follows and include all acts that are recognized as gaining an unfair advantage by using one's position in common sense:
- Provision of money and valuables (money and gifts, including securities), entertainment and hospitality, and convenience.
- Borrowing, buying at low prices and selling at high prices.
- Debt repayment, guarantee, and money loan.
- Guarantees for the future (promises of employment and job placement, promises to conclude transactions, etc.).
- Prohibition of Equity Participation in Interested Companies and Joint Investment with Stakeholders
(2) Prohibition of Manipulation and False Reporting of Company-Related Information
All financial and non-financial information (hereinafter referred to as 'company-related information') related to the company's management status and decision-making must be recorded and reported accurately and honestly. Executives and employees must not write or report documents based on fabricated information, such as concealment, reduction, exaggeration, or false content, or share them with internal or external stakeholders. All company-related information and documents must be prepared transparently, accurately, and completely in accordance with relevant standards such as international accounting standards and reported to stakeholders such as shareholders.
Fair Trade and Competition
When selecting a partner company, the best partner must be selected based on fair and transparent principles, and these principles must be observed in all transactions, including not only bulk purchase contracts but also simple service contracts. If it is necessary to adjust the terms and conditions of a business with a business partner, it must be done with a clear and justifiable reason and a transparent procedure. There should be no unfair or unequal trading practices that take advantage of superior trading positions.
(2) Prohibition of Improper Solicitation and Provision of Rewards
Executives and employees must strictly comply with each country's anti-corruption laws and international agreements when performing their duties, and must not offer or provide money or valuables to public officials in exchange for unfair business profits. Matters that may be interpreted as violations of anti-corruption laws must be immediately reported to management and handled after sufficient consultation with the legal department, and decisions must not be made based on arbitrary interpretation.
(3) Creating a Healthy Organizational Culture
In order to create a healthy organizational culture, executives and employees must always respect and consider each other and must not engage in behavior that violates basic human rights, such as verbal abuse, abusive language, violence, or sexual harassment. We do not discriminate on the grounds of race, nationality, gender, age, education, religion, region of origin, disability, marital status, sexual identity, or political differences. We must understand and respect emotional, customary, and cultural differences between generations, countries/regions, and gender, and maintain a working environment where creativity and innovative ideas can be expressed based on this. We prohibit all online and offline workplace bullying practices that insult the character of employees or undermine human dignity, such as verbal or physical violence, bullying, and threats. During the communication process, avoid distorting your true feelings or causing unnecessary misunderstandings.
Protection of Company Assets
Enactment/revision history
Human Rights Management Guidelines
T&L respects human dignity and the rights to freedom and happiness, and complies with the Universal Declaration of Human Rights, the UN Guiding Principles on Business and Human Rights (UNGPs), the 10 Principles of the Global Compact (UNGC), the International Labor Organization (ILO) Core Conventions, and the UN We support international human rights standards related to human rights and labor, including the Convention on the Rights of the Child. We share the value of respect for human rights with executives and employees, partner companies, customers, local residents, and stakeholders, and establish and implement the following human rights management guidelines as a standard for correct behavior and value judgment that executives and employees must adhere to during all business activities. I promise.
T&L, in principle, prohibits all forms of child labor. When hiring young employees due to unavoidable or special reasons, we follow legal procedures, do not have them engage in work that is hazardous to safety and health, and provide training opportunities to young employees with separate consideration for safety. T&L does not allow any form of forced labor when hiring its employees. All work must not be against the will of executives and employees, and executives and employees may resign at any time without penalty if reasonable notice is given in accordance with the contract. T&L does not source manpower from companies involved in illegal child labor and forced labor and takes immediate action if we become aware of it afterward.
(2) Prohibition of discrimination
T&L hires, promotes, compensates, and provides benefits based on members’ gender, race, age, sexual orientation, gender identity, national origin or ethnicity, disability status, marital status, pregnancy status, religion, political orientation, union membership, etc. Unfair discrimination in welfare is strictly prohibited. All members respect each other's personalities and treat each other fairly.
(3) No harassment, sexual harassment, or sexual violence in the workplace
T&L strictly prohibits any acts of harassment, including sexual harassment, sexual violence, mental and physical coercion, bullying, public shaming, and verbal abuse, in the workplace. In particular, we actively strive to prevent sexual harassment and sexual violence in the workplace by taking advantage of status or relationships. Victims of such workplace harassment, sexual harassment, and sexual violence can report the damage through an anonymous grievance channel, and T&L conducts a neutral investigation into the reports and prepares measures to protect victims. All reporters are guaranteed anonymity, and unfair treatment of reporters is strictly prohibited.
(4) Guaranteeing freedom of association and collective bargaining
T&L respects the rights to association and collective bargaining guaranteed in accordance with the labor laws of each country and region. T&L respects workers' freedom to form and join labor unions and prohibits unfair treatment or discrimination for reasons such as joining or forming labor unions. Additionally, T&L guarantees the right to collective bargaining through worker representatives and does not refuse collective bargaining without justifiable reasons. We respect and faithfully implement the results of collective bargaining reached through mutual agreement.
(5) Compliance with working conditions
T&L strictly manages its members' working hours to ensure that they do not exceed the maximum working hours stipulated in the labor laws of each country or region. T&L complies with all wage-related laws, including the Minimum Wage Act and the Labor Standards Act related to minimum wage, overtime pay, and statutory allowances. In order to improve the welfare of our executives and employees, we actively implement necessary measures such as supporting competency development.
(6) Ensuring a safe industrial and working environment
T&L faithfully implements its safety and health management policy and provides a safe and pleasant working environment for its employees. To this end, we regularly inspect and maintain facilities and equipment at our workplaces, and provide appropriate protective equipment and safety and health education to employees working in hazardous work environments. In addition, we regularly take necessary measures, such as emergency evacuation drills, to ensure that disaster-vulnerable people, such as pregnant women and the disabled, can work smoothly. T&L promises to promptly implement appropriate measures, including investigating the cause of occupational diseases and workplace accidents among executives and employees and establishing measures to prevent recurrence.
(7) Responsible supply chain management T&L continuously monitors and supports the human rights management status of its partner companies, and if a serious human rights violation occurs at a partner company, it can take necessary measures, such as requesting correction. T&L also promises to actively respect and protect the intellectual property rights of its business partners.
(8) Protection of customer and user rights
T&L actively manages to ensure that the human rights of customers are not violated when providing products and services. In particular, we strive to protect our customers' personal information and privacy, freedom of expression, and equal accessibility. T&L requests and stores personal information from users to a minimum and strictly complies with the obligation to notify users in advance regarding the storage of personal information. Customers can freely manage, modify, and delete their information according to their personal wishes.
(9) Respect for diversity, equity, and inclusion
T&L is making efforts to spread a culture that respects diversity, equity, and inclusion. This culture of inclusion allows us to better protect the human rights of groups that require special attention, such as children, technologically vulnerable groups (disabled, elderly, etc.), and human rights defenders. T&L will go further and recommend that this DE&I culture be spread to all stakeholders in business relationships.
(10) Environmental protection efforts
T&L recognizes that the environment is a critical factor that directly affects human life and health. Based on this awareness, we will faithfully implement T&L's environmental policy, prevent and manage negative impacts resulting from T&L's business activities, and continue to strive to protect and restore the environment in the best possible way.