Code of Ethics
With the SK Management System (SKMS) as the foundation of its business management,
SK siltron creates value for all its stakeholders, including its customers, employees, stockholders,
and partners, to make an important contribution to the development of society and the economy,
ultimately doing its part for the happiness and wellbeing of humanity.
The Code of Ethics of SK siltron overarches all the decisions and actions made in the company’s management activities.
Ethical Management Group
The Management Diagnosis Team is SK siltron’s ethical management group, whose role is to create an environment in which every member of SK siltron can practice ethical management.
Reporting directly to the CEO and Compliance Committee of SK siltron, the Management Diagnosis Team is made up of a Management Diagnosis and an Ethical Management Section.
Management Diagnosis Team
- Management Diagnosis
- The focus of the Management Diagnosis Section is on the early discovery of management risks and the development of solutions. It promotes the active utilization of management resources and fosters a sound organizational culture.
- Ethical Management
- The Ethical Management Section executes all activities necessary for the observance of the Code of Ethics and provides ethical management training. The aim is to make ethical management a way of life at SK siltron, and to achieve transparency of the company’s management through the diagnosis of instances of corruption.
Ethical Management Activities
Ethical Management System
- Management Diagnosis
SK siltron performs management diagnoses of itself and its subsidiaries,
according to a minimum of two themes each year.
The management diagnosis of each applicable business unit takes place at least
once every three years. By identifying management risks early on, assessing them,
and coming up with suitable solutions, the active utilization of management
resources and the creation of a sound organizational culture take place.
Necessary improvements identified through management diagnoses are
logged in SK siltron’s Ethical Management Practice System (EMPS),
to track their implementation and manage the related improvements.
- Whistleblower System
SK siltron accepts reports of unethical practices by the members of SK siltron
and its subsidiaries through the SK Group’s ethical management website
(https://ethics.sk.co.kr). The received reports are investigated as per procedure,
with the investigation results leading to disciplinary actions and process
* Reports and Disciplinary Actions
- Self-Monitoring System
SK siltron and its subsidiaries perform voluntary risk assessments in specific fields every year,
and perform constant monitoring to proactively manage the company’s ethical risks.
SK siltron’s “self-monitoring system” is an ethical risk checklist,
based on which constant monitoring takes place in the six major areas of:
human resources; expenses; sales and bonds; customers and suppliers;
investments; and special risk management. Each year, a risk assessment is performed in
three of those areas, while risk assessments of all six areas are performed every two years.
Constant monitoring of SK siltron’s foreign entities also takes place,
with the foreign corporations and branches of SK siltron performing a self-diagnosis
every three years.
- Whistleblower Protection
SK siltron enforces a reporter protection system to protect reporters from
disadvantages or discrimination as a result of making reports or submitting
the related information. In cases where the identity of a reporter and the
report made are requested to be kept anonymous, SK siltron honors the request
100%. Reporters can also request whistleblower protection, in which case
SK siltron will take steps to minimize the disadvantages to the reporter
and execute recurrence prevention measures for the responsible and/or related
individuals, including disciplinary actions. Acts of retribution,
identification, or searches directed at reporters are met with disciplinary
actions. Furthermore, the parties to an unethical practice who voluntarily
report themselves are given due consideration of the involved circumstances
when disciplinary actions are decided.
- Ethical Management Training
To promote awareness and a culture of ethical management across its entire
sphere of activity, SK siltron executes ethical management training for all
its members, including its overseas employees, contractors, and part-time
workers. Regular online training and leadership-led interactive training
(workshops on the practice of ethics) are also provided to the members of
the subsidiaries of SK siltron, while suppliers receive annual training.
In addition, SK siltron’s ethical management training will be soon executed
on a wide scale, with full ethical management training being provided to
its subsidiaries and suppliers as well.
- Survey on the Practice of Ethical Management
To gain an understanding of its ethical management standards as
a company, SK siltron conducts a yearly survey on its ethical management practices.
The survey is conducted with all members of domestic and overseas operations and subsidiaries.
An 88% survey participation was achieved in 2022. The survey results are reflected in the improvement of
SK siltron’s ethical management system.
- Pledge of Ethical Practice
The members of SK siltron and its subsidiaries, as well as its suppliers,
sign a pledge to promise the practice of ethical management.
As a reminder of their commitment to the Code of Ethics and to look back on
their standing with regard to ethical management,
the members of SK siltron, its subsidiaries and its suppliers renew their
pledge of ethical practice every year through an online system.
- Bribery Reporting System
The acceptance of money or valuables from stakeholders is prohibited under all
circumstances. Money or valuables acquired inadvertently are reported to
the Management Diagnosis Team and returned to the source. Money or valuables
that cannot be returned are donated to charities.
- Supplier Code of Ethics
SK siltron observes the Responsible Business Alliance (RBA) Code of Conduct.
The major suppliers and business partners (BP) of SK siltron must also observe
the RBA Code of Conduct. The RBA Code of Conduct contains specifications
related to the environment, child labor, basic rights, work hours, pay,
health and safety, business ethics, and sustainable sourcing. SK siltron
and its subsidiaries includes terms of ethical practice by suppliers in their
Business Partner’s Pledge of Ethical Practice, which is signed and subsequently
renewed by the suppliers every year, so that the company’s suppliers participate
actively in the practice of the SK siltron Code of Ethics.
RBA Code of Conduct
Supplier Code of Ethics