Sustainable Procurement
The Nippon Kayaku Group has formulated its Basic Procurement Principles and Basic Procurement Policy so that its purchasing activities will be consistent with sustainable management. We will work for the creation of a sustainable society in cooperation with all our suppliers.
Basic Procurement Principles
In order to realize the KAYAKU spirit, Nippon Kayaku Group will pursue mutual and sustainable growth with suppliers based on the understanding they are important business partners who help us produce products of the best quality. We will strive to conduct procurement transactions that are fair, honest, impartial, and in accordance with relevant laws, social norms, and our Basic Procurement Policies.
Basic Procurement Policies
At Nippon Kayaku Group, all procurement operations will be carried out in accordance with the Basic Procurement Policies as set out below.
Compliance with Relevant Laws, Social Norms, and the Nippon Kayaku Group Charter of Conduct
- We will comply with all relevant laws and regulations when conducting procurement operations.
- We will judge the propriety of procurement activities based on Nippon Kayaku Group Charter of Conduct and the Nippon Kayaku Group Code of Conduct.
Open-door Policy, Fairness, Impartiality, and Transparency in Business Transactions
- We will conduct procurement-related business transactions in a fair, impartial, and transparent manner, and follow an open-door policy with respect to businesses at home and abroad.
- In order to ensure transparency in all our procurement activities, we will undertake due procedures based on written documentation or electronic purchasing systems in accordance with the procurement operations standards.
Partnerships with our business partners
- We will build partnerships with suppliers based on mutual understanding and trust, and pursue mutual sustainable growth.
Protection of Information
- We will protect supplier-related information obtained in the course of our operations, and strive to prevent any information leakage.
Concern for the Environment
- We will promote the procurement of eco-friendly goods and materials.
Basic Criteria for Selecting Suppliers
- When selecting goods and materials, we will give due consideration to economic factors such as quality, price, and date of delivery. We will also consider other factors such as the supplier’s operating foundations, technological competitiveness, and stability of supply.
- When selecting suppliers, we will give due consideration to their commitment to realization of a sustainable society, including their observance of relevant laws and regulations, respect for human rights, concern for the working environment, disaster preparedness and safety measures, efforts toward environmental conservation, and other efforts designed to fulfill their Sustainable.
- In addition to the above, we will give due consideration to whether or not the potential supplier has a risk management system such as BCP (Business Continuity Plan).