TAIYO YUDEN

Responsible Minerals Procurement

Responsible Minerals Procurement Policy

TAIYO YUDEN Group established "CSR Charter" and "CSR Code of Conduct" and promotes CSR activities in order to fulfill corporate social responsibility. As "Mutual Trust / CSR" in our Procurement Policy, TAIYO YUDEN Group shall actively practice the CSR management in procurement activities and further establish sound partnership to build mutual trust and development.

There are concerns that the minerals such as tin, tantalum, tungsten, gold and cobalt in the Democratic Republic of the Congo and adjoining countries or Conflict Affected and High-Risk Areas (CAHRAs) can finance armed groups in those conflict regions through illegal mining and trading of minerals and raise human rights abuses or labor issues such as child labor, forced labor. TAIYO YUDEN Group implements appropriate measures in the supply chain in order to procure minerals that are not relating to such issues.

TAIYO YUDEN Group requests suppliers to understand the TAIYO YUDEN's procurement policy and cooperate with the survey in the procurement process. Furthermore, TAIYO YUDEN Group requests suppliers to procure minerals from the refiners/smelters approved by globally recognized frameworks such as RMI*1.

*1 RMI: Responsible Minerals Initiative
With more than 400 member companies, the Responsible Minerals Initiative is one of the most utilized and respected resources for companies from a range of industries addressing responsible mineral sourcing issues in their supply chains.

Activities

  1. TAIYO YUDEN Group establishes management system of minerals procurement complied with OECD due diligence guidance.
  2. TAIYO YUDEN Group promotes "Responsible Minerals Procurement" throughout supply-chain in collaboration with industry organization.
  3. TAIYO YUDEN Group identifies and evaluates risks by using globally standardized programs of RMI such as the latest version of CMRT or CRT*2.
  4. When any problems are found in the mineral procurement process, TAIYO YUDEN Group stops the procurement and requests the upstream companies in the supply chain to take any corrective actions.
  5. TAIYO YUDEN Group discloses results of mineral procurement survey upon customers' request.

*2

CMRT
:
Conflict Minerals Reporting Template
CRT
:
Cobalt Reporting Template

April, 2021
Susumu Higuchi
Senior Operating Officer,
in charge of Global SCM Center

Collaboration with Industry

TAIYO YUDEN Group is a member of "Responsible Minerals Trade Working Group" in JEITA (Japan Electronics and Information Technology Industries Association). Through the Working Group, TAIYO YUDEN Group works to create framework to act in coordination and cooperation with the industrial initiative "RMI (Responsible Minerals Initiative)".

TAIYO YUDEN Group implements promotional and educational activities outside the group through "Responsible Minerals Sourcing Inquiry Briefings" by JEITA, a RMI's association member. Furthermore, TAIYO YUDEN Group promotes awareness of its policy within its supply chain.

The Expansion of Target Areas and Risks

TAIYO YUDEN Group policy was revised in accordance with the expansion of target areas and risks from "Conflict risk of DRC and adjoining countries" to "CAHRAs defined by OECD Due Diligence Guidance Annex Ⅱ*3.

*3 OECD Due Diligence Guidance Annex Ⅱ:

  • Serious abuses associated with the extraction, transport or trade of minerals
  • Direct or indirect support to non-state armed groups
  • Public or private security forces
  • Bribery and fraudulent misrepresentation of the origin of minerals
  • Money laundering
  • The payment of taxes, fees and royalties due to governments