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Sustainability

〉Sustainability

〉Compliance Management

Fair Trade Compliance Program

In order to become a transparent and reliable company, there is a standard for the right behavior that should be obey.

 

Overview

The Fair Trade Compliance Program(CP) refers to a company’s internal compliance system that is established and operated autonomously by the company to abide by the laws related to fair trade. BHI is building its CP with a support of Posco to prevent any violation of laws related to fair trade and ensure the transparency of the company by setting clear behavioral standards regarding fair trade for employees.
 

8 Core Elements of CP

The Compliance Program is a voluntary action program of a company that can be operated differently depending on the characteristics of each industry and company. However, in order for the Compliance Program to work effectively, it is necessary to meet the following 8 core elements:
 

8 Core Elements of CP

 

Progress

Jan. 2023
  • Introduction of the Compliance Program
    • Feb. 2023
  • Declaration of CEO Message for fair trade compliance (internal and external)
  • Designation of a Compliance Officer
  • Established ‘The Fair Trade Compliance Program Operation Guideline’
  • Planned hierarchy-based training program on fair trade
    • Mar. 2023
  • Preparation of an operation plan for Fair Trade Report Center
    • Apr. 2023
  • making and first distribution of ‘The Fair Trade Self-Compliance Handbook’ (the 1st Edition)
  • Signed a pledge of self-compliance with fair trade
    • Jul. 2023
  • Revised ‘The Fair Trade Compliance Program Operation Guideline’
  • Revised ‘The Fair Trade Self-Compliance Handbook’ (the 2nd Edition) and company-wide distribution