Nihon Kohden recognizes that ensuring sound, fair, transparent, and free competition, as stated in the Nihon Kohden Charter of Conduct, is an essential part of earning the trust of society and continuing to conduct our business activities.
Nihon Kohden strives to practice sound and fair purchasing and achieve fair trade across the value chain including our business partners. We also promote sustainability while giving due consideration to the environment and society. To further reinforce sustainability in procurement, we conduct in-house training on sustainable procurement and disseminate the concept to our business partners for gaining their cooperation.
We have formulated the Nihon Kohden Procurement Policy and the Nihon Kohden Sustainable Procurement Standards for the purpose of widely disseminating and instilling our stance on procurement both internally and externally. The Nihon Kohden Procurement Policy represents our basic policy on procurement. The Nihon Kohden Sustainable Procurement Standards indicate items that we expect our business partners to observe with regard to sustainability, and we aim to build a good relationship with our business partners and realize a truly affluent and sustainable society. In April 2023, we made a Partnership Building Declaration to build new partnerships by promoting collaboration, coexistence, and co-prosperity with business partners in our supply chain and other value-creating businesses partners.
As part of its corporate social responsibility efforts to become a more global company, the Nihon Kohden Group values its partnerships with its business partners and engages in procurement activities in good faith following the policy outlined below.
- We will comply with relevant laws and ordinances as well as social norms when carrying out business transactions.
- We will properly manage and protect confidential information and personal information obtained through business transactions.
- We will strive to build relationships of trust and carry out fair and equitable procurement activities.
- We will carry out proper quality, cost and delivery activities to satisfy the needs of customers.
- We will strive to reduce our impacts on the global environment and carry out procurement activities based on separately stipulated green procurement guidelines.
- We will comply with laws, ordinances, and government circulars that apply to our business activities, such as the Companies Act, Anti-Monopoly Act, Act against Delay in Payment of Subcontract Proceeds, etc., as well as relevant labor and environmental laws and regulations.
- We will comply with relevant import and export laws and regulations and the laws of countries and regions where we operate.
- We will not infringe upon intellectual properties, including patent rights, copyrights, and trademarks, etc.
- We will prohibit bribery, corruption, embezzlement, and the supply or receipt of inappropriate benefits.
- We will not do business with anti-social persons or groups.
- We will respect the human rights of all people and we will not discriminate against employees in terms of their benefits and/or employment.
- We will adhere to requirements for minimum wage payments to our employees.
- We will not use child labor or forced labor.
- We will comply with the safety standards and regulations of all countries and regions.
- We will strive to maintain and enhance quality and build a quality assurance system that fulfills our required standards in order to meet the needs of customers.
- We will promote green procurement that is conscious of the global environment and strive to reduce the impacts our products have on the environment during their life cycle.
- We will properly manage and protect confidential information and personal information obtained through business transactions.
- We will collect information on product security and take measures to prevent incidents.
