Responsible Minerals
Responsible Minerals Management
YoungPoong operates a management system based on the OECD Due Diligence Guidance and RMI/RMAP standards to identify, assess, and mitigate human rights, environmental, and governance risks throughout its zinc and copper supply chains.
Reliable Supply Chain
Systematic Due Diligence Process
Transparent Disclosure and
Continuous Improvement
Responsible Minerals Management System
Under the supervision of the ESG Committee, relevant departments share responsibilities to conduct due diligence on conflict minerals.
YOUNGPOONG's Responsible Sourcing Principles
Policy-Based Responsible Procurement
Based on our Responsible Mineral Sourcing Policy and Supplier Code of Conduct, we require and verify compliance with these policies from all suppliers.
Supply Chain Data-Driven Due Diligence Operations
We systematically identify risks by collecting and analyzing supply chain information, including KYC, country of origin, shipping routes, and ownership structure.
Enhancing Transparency Through Recording, Verification, and Disclosure
We systematically maintain all on-site inspection activities and records, and after verification, we disclose them transparently on an annual basis.
OECD 5-Step Responsible Minerals Due Diligence Framework
We manage this systematically in accordance with the five-step framework of the OECD Due Diligence Guidance.
Step 1
Establishment of a Management System
Policies and Procedures
Roles and Responsibilities
Internal Capabilities
Step 2
Risk Identification and Assessment
KYC and Supply Chain Mapping
CAHRA Identification
Red Flag Review
High Risk Assessment
Step 3
Development and Implementation of a Risk Mitigation Plan
Develop a mitigation plan
Corrective actions plan
Monitor performance
Step 4
Due Diligence and Verification
Confirmation of EDD and Third-party verification
Step 5
Annual Disclosure
Disclose the audit process and results through reports, the website, and other channels
* Operation of a Risk-Based Due Diligence System
Supply Chain Risk Management Approach
We assess and systematically address significant impacts (High risks) related to human rights, conflict, and governance.
Risk Identification
- KYC and Supply Chain Mapping
- Verification of Country of Origin and Shipping Routes
- Review of All Owners and Sanctions Lists
- Monitoring of Public Information and News
- CAHRA and Red Flag Review
Risk Response
- Risk Level Assessment (High/Medium/Low)
- Requests for Improvement and Development of a Risk Mitigation Plan
- Consideration of Suspending or Terminating the Transaction
- Ongoing Monitoring and Reassessment
RMI Responsible Sourcing
Young Poong’s Seokpo Smelter has been confirmed as conformant with the 2021 Zinc and Copper Process Standards through the Responsible Minerals Assurance Process (RMAP) assessment conducted by the Responsible Minerals Initiative (RMI). This demonstrates that Young Poong manages its supply chain in a transparent and sustainable manner based on its responsible minerals sourcing policy and due diligence practices.
Young Poong will continue to enhance its responsible sourcing framework in accordance with global standards.
LME Responsible Sourcing
The zinc brand YP-SHG, produced by Young Poong, has been registered as a Good Delivery brand under the LME Zinc Contract through The London Metal Exchange (LME) Brand Listing Certificate.
This demonstrates that Young Poong meets the product reliability and supply stability standards required by the global non-ferrous metals market.
Young Poong will continue to enhance its quality competitiveness in accordance with international standards.