SOCIAL

LFC Social Performance

At LFC, innovation starts with people. We are striving to enhance employees’ satisfaction by nurturing human resources, providing a safe and pleasant working environment, and operating various systems to ensure a right balance between life and work.

Recognizing safety management as a core element of our business activities, we have established a safety management system based on the ISO 45001. We are strengthening our safety capabilities by promoting various activities to internalize a safety culture to strengthen our preventive capabilities.

In addition, we do our utmost to grow together with our partner companies based on solid partnership and to increase customer satisfaction through thorough product quality management. Moreover, we generate social value by conducting systematic social contribution activities.

Nurturing Talents

LFC operates various systems and programs, including a female talent nurturing program, a job function training program, a global competency training program and a knowledge training program, thereby helping employees grow into business leaders.

  • Female Talent Development Program
    LFC is making a wide range of efforts to establish an organizational culture that values diversity and to foster female talents both quantitatively and qualitatively. We hold regular meetings for female talents, as well as diversity forums designed to enable them to improve their personal development and leadership.
  • Job Training Programs
    LFC operates internal training programs such as EMBA courses for executives and job-related master’s courses for outstanding employees to strengthen their job competencies, as well as supporting their training by outsourced professional organizations and acquisition of the relevant job certificates.
  • Global Competency Training Program
    LFC runs various internal and external language courses for its employees and pay their foreign language evaluation test fees to help them enhance global competencies. We also hold an in-house language speech event to reinforce our employees’ language skills and develop an organizational culture of learning.
  • Knowledge Training Program
    LFC provides training on the company’s key values, as well as anti-corruption training, sexual harassment prevention training, and other compulsory employee educations. We also offer a SERICEO program and a training course for newly promoted employees to strengthen leadership competencies.

Improving Corporate Culture

In April 2021, to strengthen the execution power of the “Corporate Culture TF”, which was launched with the goal of deriving and executing corporate culture innovation tasks to ensure the continuous growth of both the company and individual employees, LFC appointed its CEO the TF head to lead the reorganization. The reorganized Corporate Culture TF consists of a “Change Agent” who plans and leads all changes required in the process of innovating corporate culture, and a “Junior Board”, a board of directors composed entirely of young executives, being separate from the company’s BOD.

Change Agent
Change Agents are focused on improving efficiency in various business units largely through the will of employees devoted to change, with the core goal of eliminating the largest obstacles to work efficiency. In this process, they listen to the opinions of the employees and receive confirmation from the relevant departments, thereby serving as a catalyst in breaking stereotypes and leading changes aimed at making LFC a better company to work for.
Junior Board
The Junior Board is tasked with creating a rational and enterprising corporate culture that fits the trend of the times while promoting open communication by acting as a hotline for the CEO. The board delivers sincere and vivid voices from the field directly to the CEO, and the CEO listens to and reflects them in his decision-making. It also delivers a clear message from the CEO to employees under the name of “Leader’s Message” to help build a trusting relationship between employees and management.

Respecting and Protecting Human Rights

LFC respects human rights, the basic fundamental rights and freedoms granted to everyone. To this end, we are doing our utmost to establish a sound organizational culture in which all members are fully respected anytime, anywhere, without fear of prejudice, coercion, or discrimination. Furthermore, as a member of the UN Global Compact (UNGC), we support and comply with internationally declared human rights protection policies, while also striving to avoid complicity in human rights violations and to uphold human rights principles and internalize them.

LFC’s Human Rights Policies
Employees’ human rights
  • Prevention of discrimination based on gender, race, religion, disability, or regional origin
  • Fundamental prevention of unfair labor practices such as forced labor and child labor
  • Compliance with all the labor principles (/health and safety, working hours, etc.) recommended by the International Labor Organization (ILO) and ratified by the state
Customers’ human rights
  • Minimum request, record and storage of personal information for legal compliance
  • Establishment of an effective security system including encryption to prevent information leakage
  • Limited and responsible use of personal information for service/marketing purposes
Local community’s human rights
  • Active participation in social contribution activities in recognition of our corporate responsibility to promote community development
  • Measurement and management of the potential environmental and social impacts of business activities on local communities
Partner companies’ human rights
  • Establishment of fair and equal business relationships as partners for win-win growth
  • Prohibition of discrimination against partner companies’ employees and prevention of forced and child labor in those companies