IWAKI Co., Ltd. (“we”) understands that respect for the human rights of all people affected by our business activities is a prerequisite for our corporate philosophy, “to always be at the forefront of efforts to advance development in the global markets, industries and communities where we operate while building trust with, and contributing to the happiness of everyone we interact with.”
We have established this policy based on the United Nations’ Guiding Principles on Business and Human Rights in order to promote initiatives to respect human rights. This policy, based on our corporate philosophy, is positioned as the most significant guiding principle in our efforts to respect human rights.
We support international standards on human rights, including the
International Bill of Human Rights* and the International
Labour Organization (ILO) Core Labour Standards established in the ILO
Declaration on Fundamental Principles and Rights at Work.
*Universal
Declaration of Human Rights and International Covenants on Human
Rights (International Covenant on Economic, Social and Cultural Rights
and Covenant on Civil and Political Rights)
In the event that the laws and regulations of the country or region in which we operate conflict with international human rights standards and cannot be reconciled, we will seek methods that maximize respect for international human rights principles.
This Policy applies to all our officers and employees (including dispatched, temporary, and part-time, etc. employees). We will also continue to encourage our business partners and suppliers to understand this Policy and to promote efforts to respect human rights.
The Sustainability Committee, which is composed of directors, etc. oversees compliance with this Policy and the state of initiatives based on this Policy.
We will fulfill our responsibility to respect human rights by ensuring that our business activities do not infringe on the human rights of others, and by taking appropriate action if our business activities have an adverse impact on human rights. If any of our business partners or suppliers are involved in activities that have an adverse impact upon human rights, we encourage such partners to respect and not infringe on human rights.
We will establish a human rights due diligence mechanism, which we will implement on an ongoing basis in order to fulfill our responsibility to respect human rights. Human rights due diligence includes identifying, preventing, and mitigating any potential adverse impact of our business activities on human rights, as well as disclosing a set of initiatives relating to respect for human rights to the public.
We will work to establish an effective grievance mechanism in order to promptly identify human rights issues in connection to our own business activities and to take appropriate action to correct and remedy any adverse impacts. We will establish a whistleblower hotline for stakeholders that guarantees anonymity, and we will ensure the confidentiality of reports and the protection of whistleblowers.
We will provide appropriate education and training to all our officers and employees to ensure that this Policy is firmly embedded in all our business activities, and we will reflect this Policy in our related policies, guidelines, and other necessary procedures.
We will draw on independent, outside human rights expertise when implementing the series of initiatives set forth in this Policy. We will also engage in dialogue and consultations with relevant internal and external stakeholders, including those stakeholders who are actually or potentially impacted by our business activities.
Established on October 19, 2022
Shigeru Fujinaka, President IWAKI
CO.,LTD.
