Daejeon Credit Guarantee Foundation held a ceremony to announce its Human Rights Management Charter at the foundation's headquarters with all executives and employees in attendance, marking the beginning of its full-scale efforts to promote a culture of respect for human rights.
The foundation has followed a systematic revision process, including collecting opinions from internal and external stakeholders, deliberation by the Ethics and Human Rights Management Committee, and reporting to the board of directors.
The newly revised Human Rights Management Charter complies with international standards such as the United Nations Guiding Principles on Business and Human Rights (UNGPs) while actively reflecting the rapidly changing times.
Key elements include measures to prevent human rights violations and provide remedies in the use of digital technologies such as artificial intelligence (AI), efforts to overcome the climate crisis and protect the environment, and protection of workers' practical rights including eradication of workplace harassment and abuse of power.
Fifteen executives including the foundation head, division heads, and department heads personally signed and read aloud a "Human Rights Management Pledge," expressing their strong commitment to establishing a culture of respect for human rights within the organization. The pledge states that senior-level employees will take the lead in creating a discrimination-free work environment and protecting human rights.
"This revision of the Human Rights Management Charter is not merely about changing wording but holds great significance in directly reflecting the voices of our foundation's workers," said Yang Pil-hwan, chairman of Daejeon Credit Guarantee Foundation. "Starting from this ceremony, we will continue various improvement activities including education and promotion so that human rights management can take root as a core value of the foundation."
The foundation plans to continue fulfilling its social responsibility as a reliable partner for small businesses and small merchants in the region and transform into a human rights-friendly financial service support institution that pursues sustainable development together with all stakeholders.