Samsung Electronics is committed to responsible purchasing practices. We conduct all business operations according to the Global Purchasing Code of Conduct. By rendering basic transaction agreements obligatory, we build the basis for strengthening our suppliers’ legal compliance. Based on the system, we manage various risks, expand the scope of supply chain information management, and support compliance and mutual growth efforts for first-tier suppliers and some sub suppliers.
The Global Purchasing Code of Conduct outlines essential regulations from our purchasing rules and manuals, along with the ethical obligations of purchasing staff. The Code supersedes other operational rules and manuals. We are committed to upholding it to ensure ethical purchasing practices, as detailed below.
To help suppliers strengthen their sustainability foundations, Samsung Electronics explicitly outlines the obligation to comply with the Supplier Code of Conduct*, including greenhouse gas management, in our standard supplier contracts. Our global contracts, used at our sites outside South Korea, are provided in multiple languages, including English, Chinese, Vietnamese, and Portuguese, to ensure better accessibility for local suppliers. Furthermore, these contracts comply with local laws requiring the prevention of child labor, the prohibition of forced labor, and adherence to the legal minimum wage.
Samsung Electronics has defined various supply chain risk areas, including natural disasters, corruption, sustainability, and information security, and proactively identifies and mitigates these risks based on the Purchasing System.
To address increasing supply chain volatility and uncertainty, Samsung Electronics is expanding our information management beyond first-tier suppliers to include sub suppliers of key materials. Using our system, we map major suppliers with supply chain data (Supply Tree) by product category, creating a comprehensive supply chain map. By leveraging collected data, such as product groups and actual manufacturing site information (e.g., physical addresses), we can respond swiftly to various supply chain challenges.
Furthermore, to promote fair-trade practices and support compliance management, we stive to assist sub suppliers in entering into standard transaction contracts, improving payment terms, adhering to labor and human rights regulations, and establishing safe working environments.