STX Engine has been continuously
engaged in three main activities aimed at sustainable
management, the prerequisite and vision of the company.
On the social front, STX Engine has adopted an ethical
management policy, as a first step towards enabling sustainable
management. STX Engine is conducting various activities
such as “building sisterhood between 1 company and 1
rural village,” and the provision of scholarships to
educational institutions, with shared management as a
STX Engine is also a main sponsor for Gyeongnam
FC, a professional football team based in Gyeongsangnam-do,
contributing to the sports development of that local
area. Furthermore, STX Engine has a membership system
called ‘STX Members’, consisting of excellent vendors
in a bid to put a ‘win-win management’ into action.
On the environmental front, STX Engine has announced
an environmentally-friendly management policy, and
is carrying out activities to protect the environment.
It has also established the ‘safe and hygienic environment
system’ to create a workplace free from injuries and
STX Engine is also engaged in cleaning up
the natural environment, based on a sisterhood program
between the company and 1 stream and 1 mountain, and
is carrying out other campaigns to protect nature.
On the economic front, STX Engine has completed the
establishment of a simultaneous pilot system for diesel
engines used in vessels. The products of STX Engine
were chosen as the world’s top products, further enhancing
the value and competitiveness of the company. The company’s
sustained business performance is contributing to job
creation in the local community.
welfare support activities through welfare foundation
In order to carry out better-structured and more practical
social welfare activities, STX Engine has established
several welfare and scholarship foundations in October,
2006 which are now fully-fledged foundations. The company
provided 2 billion USD for the initial establishment
of these foundations, and is planning to expand the
fund size to about 10 billion USD through contributions
from each affiliate every year.
The scholarship foundation will be focused on granting
scholarships, supporting students studying in foreign
countries, and supporting projects joined by the academia
and industry, and the scope of this foundation will
be expanded on a gradual basis. The welfare foundation
is focused in helping the underprivileged, who are
still living in the shadows of society despite various
social campaigns, and will launch activities to support
teenagers who are supporting a household, welfare facilities,
and food for poor senior citizens. As well, considering
the characteristics of the region with an
industrial complex, the company
is dedicated to devising comprehensive support measures
to aid victims of industrial accidents
and their families by building a social safety net. In addition, STX Engine is
also working to exist harmoniously with the local community, and is engaged in
showing love to the locals, through restoring damages from disasters, and improving
the living conditions of those who are less affluent, through major campaigns
such as a blood donation campaign and fund-raising activities for disaster victims.
a Disaster-struck Community
is exerting its best efforts to live up to its corporate
by helping those affected by natural disasters and supporting
their recovery activities.
The company is granting relief
funds for flood victims to help those who were made homeless
due to typhoons and torrential rainfalls.
In the summer
of 2006, the company granted a large amount of relief
funding when torrential rainfall struck almost every
region across Korea, and provided voluntary recovery
service to nearby Gyeongsang regions such as Jinju, Munsan,
and Daegok. In 2005, STX Engine provided the Korean Red
Cross with funds collected by its employees, and contributed
to supporting countries in the Southwest Asian regions
which were hit hard by the Tsunami.