Samsung Electronics Co. Ltd.
KRX : 5930
2020-2021 Information & Communications Technology
Company Ranking2 out of
Samsung Electronics Co. Ltd. (Samsung), the largest global electronics manufacturer,1 ranks second out of 49 companies, disclosing more information on its forced labor policies and practices than its peers across all themes. Compared to 2018, the company’s rank increased from sixth to second as the company disclosed, for example, a supplier list, data points on its supply chain workforce, and board oversight of supply chain policies. Notably, the company has the highest score on the theme of Purchasing Practices. KnowTheChain identified two allegations of forced labor in the company’s supply chains. While the company discloses remedy outcomes for workers in both cases, it only discloses engagement with affected stakeholders in one of the cases and does not disclose whether remediation has been satisfactory to the victims. The company is encouraged to improve its performance and disclosure on the themes of Traceability & Risk Assessment, Recruitment, and Worker Voice, including on freedom of association, the only indicator for which it scores zero.
HOW DO THEY COMPARE?
The comparison tool allows companies' results to be easily compared. Up to two additional companies can be selected and compare against each other as shown below.
THEME & indicator score
The benchmark methodology has seven themes, selected to capture the key areas where companies need to take action to eradicate forced labour from their supply chains. The themes are comprised of a total of 12 key indicators. For each indicator, a company can score a total of 100 points.
Commitment and Governance
|Commitment||100 / 100|
|Supplier Code of Conduct||90 / 100|
|Management and Accountability||100 / 100|
|Training||75 / 100|
|Stakeholder Engagement||100 / 100|
Traceability and Risk Assessment
|Traceability and Supply Chain Transparency||87.5 / 100|
|Risk Assessment||50 / 100|
|Purchasing Practices||62.5 / 100|
|Supplier Selection||100 / 100|
|Integration into Supplier Contracts||45 / 100|
|Recruitment Approach||30 / 100|
|Recruitment Fees||100 / 100|
|Monitoring and Responsible Recruitment||75 / 100|
|Rights of Workers in Vulnerable Conditions||60 / 100|
|Freedom of Association||0 / 100|
|Worker Engagement||25 / 100|
|Grievance Mechanism||70 / 100|
|Monitoring Process||70 / 100|
|Monitoring Disclosure||90 / 100|
|Corrective Action Plans||100 / 100|
|Remedy Programs||50 / 100|
See the specific risks a company might be exposed to as we move further down a supply chain