Governance

Safety and health management system

Samil Spinning Co., Ltd. has been strengthening its ethical management system to realize the values of transparency and fairness, which are increasingly emphasized in business management, and to effectively prevent ethical and legal problems such as various corruption and unfair trade practices.

The company has established the code of ethics that defines the standards for proper behavior and value judgments that executives and employees must observe. In addition, it has made it mandatory for all executives and employees to write an ethical practice pledge to ensure compliance with these regulations. In addition, the company is sharing the code of ethics so that stakeholders, including suppliers, can understand and practice it.

The management team in charge of ethical management strengthens the ethical management system by inspecting, and evaluating company-wide ethical management issues and implement relevant activities to deal with them. The company strives to raise ethical awareness of executives and employees and establish ethical management as part of the corporate culture by providing regular ethics and compliance training to all executives and employees every year.

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Risk management system

Samil Spinning Co., Ltd. is establishing an integrated risk management system to identify and proactively respond to numerous risks that may adversely affect corporate management activities. It operates a risk management committee centered on the board of directors to review major risks at the company-wide level, classifies risks into financial and non-financial risks, and manages them.

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Financial risk management

The company maintains stable financial capabilities thanks to its efforts to preemptively respond to internal and external business volatility and rapidly changing business environment, lowers the debt ratio, and maintains soundness of its financial structure.

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Non-financial risk management

Samil Spinning Co., Ltd. analyzes potential risks and establishes response strategies with a focus on major ESGrelated issues such as environment, human rights, safety and health, supply chain, ethical management, and information security for systemic management of ESG-related non-financial risks. In addition, the divisions involved in the identified potential risk issues are actively dealing with the issues by establishing detailed strategies.

Stakeholder Engagement

For the purpose of facilitating sustainability management, Samil Spinning has defined its internal and external stakeholders related to the business, communicates with them, and strives to reflect the collected opinions in management activities. To this end, the company is establishing various communication channels.

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Materiality Assessment