Basic Approach
TAIYO YUDEN Group promotes CSR activities on a company-wide basis in order to contribute to society with both economic and social values. "TAIYO YUDEN Group's Charter on Social Responsibility" sets forth this philosophy of action, and the "TAIYO YUDEN Group CSR Code of Conduct" defines the actions that all our group executives and employees must take to fulfill social responsibilities.
In order to promote activities in compliance with the Charter and the Code of Conduct in the procurement of products like materials, parts, machinery, technologies, and services, TAIYO YUDEN Group sets "TAIYO YUDEN Group Basic Procurement Policy" and promotes the realization of a sustainable society throughout the entire supply chain based on the policy.
TAIYO YUDEN Group Basic Procurement Policy
- Global Procurement
- TAIYO YUDEN Group shall procure the parts, material, technology, machinery, and services most suitable for our products needs from the suppliers in the world.
- Fair Trade
- Opportunity to have business with TAIYO YUDEN Group is open to suppliers in the world based on equal and fair standard.
Compliance with the laws and the ethics shall be applied to the procurement activities of TAIYO YUDEN Group. - Mutual Trust / CSR
- TAIYO YUDEN Group shall actively practice the CSR management in procurement activities and further establish sound partnership to build mutual trust and development.
Procurement Policy
- Provide Fair and Equal Opportunity / Fair Procurement
- Fair procurement will be practiced based on ethics. TAIYO YUDEN Group will sincerely respond to a company who wishes to establish business partnership with us. Fair evaluation standard will be applied to the rating of the supplier evaluation. If the company fails to have business as a result of the evaluation, its reasons shall be disclosed upon request to the possible extent.
- Specification of the Procurement Information
- "Basic procurement policy", "procurement principle", "registration process of the new supplier" and "various processes from purchase order to payment" and "corresponding contact persons" are clearly indicated.
- Execution of Transaction Master Agreement in Procurement / Control of Confidential Information
- TAIYO YUDEN Group shall conduct procurement based on written contract and strictly controls and manage the information acquired during the business transactions in accordance with the written contract.
- Compliance with the Law
- TAIYO YUDEN Group shall comply with laws and regulations related to procurement.
Unlawful acts such as intentional setting of an unfavorable negotiation with specific suppliers to their disadvantage, abuse of dominant bargaining position and other unreasonable restraint of trade or any suspicious acts shall not be conducted. - Environmental Conservation/Preservation
- TAIYO YUDEN Group shall promote "Green Procurement" in the procurement of the parts, materials and services to respect environmental conservation viewpoint.
CSR Procurement Promotion System
TAIYO YUDEN Group's CSR activities are overseen by the Internal Control Committee, and compliance promotion activities are operated by a system in which officers and departments in charge are appointed for each article of the CSR Code of Conduct as promotion organizations, and each Group company implements activities according to the activity policies and group-wide rules provided by them. CSR procurement activities are embodied by the officer in charge of CSR procurement and the department in charge of CSR procurement, and are carried out by the CSR procurement implementation department of each Group company.
Declaration of Partnership Building
In March 2021, TAIYO YUDEN announced our "Declaration of Partnership Building" in order to build new partnerships by promoting collaboration, coexistence, and co-prosperity with supply chain suppliers and value-creating businesses.
"Declaration of Partnership Building" is a statement declaring a focus on coexistence and co-prosperity of entire supply chains and new partnerships transcending scale and group affiliations, and on conformance to desirable trade practices in business with parent companies and subcontractors.
