Basic policy
TAIYO YUDEN believes that in order for a company to achieve sustainable growth, it is important to meet the demands and expectations of stakeholders, appropriately manage anticipated risks, fulfill social responsibilities by contributing to social development, and gain widespread social trust.
Therefore, at TAIYO YUDEN, we define CSR as "compliance, risk management, and contribution to society," and define CSR activities as activities related to compliance and risk management in accordance with the "CSR Charter (TAIYO YUDEN Group Charter on Social Responsibility)" and "CSR Code of Conduct (TAIYO YUDEN Group Code of Conduct on Social Responsibility)," which we are implementing across the entire Group.
Promotion Framework
Every year, TAIYO YUDEN finalizes its plans for CSR activities in light of trends in laws, regulations, and rules. The finalized plan is reported to the Internal Control Committee, which oversees all activities, as well as to the Board of Directors through the President and CEO. The results of the activities are reported the following year.
To prepare for potential issues and matters of concern, we have built a system for implementing countermeasures as well as actions to prevent recurrence. We also strive to reduce the occurrence of issues and matters of concern by conducting periodic training sessions.
Risk management activities are carried out by a system in which each division takes responsibility for promoting appropriate risk identification, evaluation, and countermeasures at each implementation organization, based on the major risks and countermeasures indicated by the officers in charge and HQ departments appointed for each target risk.
Compliance promotion activities are carried out by a system in which officers in charge and HQ departments are appointed for each article of the CSR Code of Conduct as promotion organizations, and the implementation organization executes activities according to the activity policies and group-wide rules provided by the appointed officers in charge and departments.
Risk Management
- Policy
- We aim to minimize losses and maximize profits and corporate value by identifying risks in overall company management.
- Specific Initiatives
- We list legal regulations and risks that affect business activities, and plan and implement compliance procedures for legal regulations and risk reduction measures. We visualize these risks in a nine-cell matrix based on the impact on operations and the likelihood of occurrence. We re-evaluate the appropriateness of compliance procedures and reduction measures annually, and formulate the plan for the next fiscal year based on the results of this evaluation as we work to manage risk.
We also add new legal regulations and risks to the list as needed, and we plan and implement compliance procedures and risk reduction measures accordingly. - Business Continuity Plan and Business Continuity Management
- We formulate a Business Continuity Plan (BCP) and implement Business Continuity Management (BCM) in response to identified risks. Through these efforts, we ensure the safety of our employees, prevent damage to local communities, safeguard the quality of our products, ensure that we fulfill our responsibility to provide customers with stable supplies and minimize losses to our business operations. To this end, we have formulated a plan after clarifying our continuity policy, system, and execution procedures, and we are continually improving this plan.
Compliance
- Aim of compliance promotion
- We are working on activities with the aim of ensuring compliance by extracting laws, regulations, and rules and appropriately understanding the compliance status.
- Specific Initiatives
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[To Deepen Understanding of the TAIYO YUDEN Group "CSR Code of Conduct"]
In order to deepen understanding of the CSR Code of Conduct, we have created a "CSR Code of Conduct Handbook" that expresses the code of conduct in a concise document with illustrations in 11 languages and distributed to all executives and employees. We conduct group training for all relevant employees at times such as when joining the company or being promoted, and conduct annual e-learning for all employees.
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- Internal Reporting System
- The TAIYO YUDEN Group has introduced an internal reporting system with the aim of early detection and correction of acts that violate or may violate the "CSR Code of Conduct."
We have established internal reception desks at TAIYO YUDEN and domestic and overseas affiliated companies, as well as external reception desks that can handle local languages and multiple languages. It is also possible to report or consult directly with the Audit and Supervisory Committee desk. We have established rules for managing matters that identify whistleblowers, prohibiting retaliation against whistleblowers, and prohibiting the search for whistleblowers, and we operate with full consideration for the protection of whistleblowers, while also allowing anonymous reports.
The internal reporting system is publicized through the company's internal website, posters displayed in the company, distribution of leaflets, and annual education for all employees. In fiscal year 2024, we received 73 reports through the TAIYO YUDEN Group common desk and individual subsidiary desks.
Prevention of bribery
Basic approach
TAIYO YUDEN Group strives to prevent socially inappropriate or illegal entertainment and gifts, bribery, and facilitation payments based on the "CSR Code of Conduct (TAIYO YUDEN Group Code of Conduct on Social Responsibility)," in addition to complying with laws and regulations.
In addition, TAIYO YUDEN Group has established policies regarding politics and administration and responds based on the laws of each country and region.
- Article 15 (Prohibition of entertainment, gifts, and conflicts of interest)
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1.Entertainment and gifts to customers and entertainment and gifts from business partners are limited to the minimum necessary within the bounds of social norms, maintaining a moderate relationship.
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2.Entertainment and gifts within TAIYO YUDEN Group are prohibited, maintaining a fair relationship.
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3.We do not engage in acts that go against the interests of TAIYO YUDEN Group and lead to the benefit of ourselves or third parties.
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- Article 16 (Politics, Administration, and Anti-Social Forces)
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1.To maintain a sound and normal relationship with politics and administration, we do not engage in bribery or actions that may cause misunderstanding.
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Countermeasures and results
- Establishment of internal regulations
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TAIYO YUDEN Group considers the following as risks of bribery:
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Entertainment and gifts to public officials
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Entertainment and gifts to customers (sales partners and agents)
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Entertainment and gifts from suppliers
Therefore, TAIYO YUDEN Group has established the "TAIYO YUDEN Group Regulations on Entertainment, Gifts, Anti-Bribery, and Conflicts of Interest" for the prevention of bribery and has also established guidelines for each country and region.
In particular, entertainment and gifts to public officials are considered a significant risk as they can lead to compliance issues, and are therefore strictly regulated. -
- Education
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TAIYO YUDEN Group continuously provides annual education to executives and employees (including temporary and contract employees).
Overseas Group companies also conduct continuous training based on local situations to raise awareness. - Results
- In fiscal year 2024, no cases of administrative disposition or criminal punishment related to bribery were confirmed.