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 as well as achieve fair trade across the value chain including our business partners. To further reinforce sustainability in procurement and strengthen our collaboration with our business partners, we have conducted in-house training on sustainable procurement and disseminated the concept to our business partners for gaining their cooperation.
We have established the Nihon Kohden Procurement Policy and the Nihon Kohden Sustainable Procurement Standards to broadly communicate and embed its procurement principles both within the company and externally. The Nihon Kohden Procurement Policy outlines our fundamental approach to procurement, while the Nihon Kohden Sustainable Procurement Standards specify the expectations we ask our business partners to meet in promoting sustainability through procurement. Through these standards, we aim to build strong relationships with our business partners and contribute to the realization of a truly prosperous and sustainable society.
In April 2023, we issued a Partnership Building Declaration to foster new partnerships by promoting collaboration, coexistence, and mutual prosperity with supply chain partners and other companies that share our commitment to value creation.
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.
