Main Activities
The Teijin Group has established the "Teijin Group Anti-Corruption Policy," as well as anti-corruption procedures and systems in accordance with internal rules.
Furthermore, the Teijin Group provides conduct standard for preventing corruption in the Teijin Group Corporate Ethics Handbook and thoroughly informs employees about those standards.
Entertainment with public institutions such as governmental organizations is, in principle, prohibited at the Teijin Group, but in cases of transactions with public institutions, when payment is made for benefits such as entertainment and gifts or donations are provided with a reasonable basis, prior approval by the designated responsible person is required.
In addition, we perform due diligence to confirm the eligibility of potential business partners from the perspective of preventing corruption conducted by external partners. We also conduct appropriate due diligence of target companies when conducting corporate acquisitions to confirm that there is no past or current corruption. We require suppliers to comply with our CSR Procurement Guidelines including the prohibition of bribery.
FY2021 Activity Results
Risk assessment
From FY2019 to FY2021, we conducted assessments targeting each business and site of each Teijin group company in order to study the exposure of the risk of corruption throughout the entire group companies. The results did not identify any business or site with significant corruption risks.
In business with public institutions including governmental organizations, however, it was recommended that development of management systems and regular and proper trainings be conducted preferentially in accordance with Teijin Limited fundamental policies, taking into consideration characteristics at the site of business.
Education
From the second half of FY2021 to the beginning of FY2022, we implemented anti-corruption e-learning for about 2,300 officers and employees responsible for operations such as sales, procurement, and collaboration with other companies, at each business and site of each Teijin Group company.
Status of violations of laws and regulations relating to corruption
There were no incidents resulting in employee discharge or the imposition of legal measures for corrupt conduct in FY2021.
Future Issues
We periodically conduct internal audits and risk assessment surveys and assess and review (the PDCA cycle) management systems for the prevention of corruption so that we can maintain ongoing and effective management in accordance with rules.
In addition, we are committed to regular implementation of compliance education and training regarding anti-corruption within the Group, as well as to promoting extensive use of the internal reporting system and consultation hotlines when employees face risks such as bribery. We are working on development in stages of a reporting system for outside business suppliers.
Status of the Provision of Capital
In principle, the Teijin Group does not make political donations. In the case of expenditures necessary for the conduct of business, however, donations may be made within the scope of relevant regulations and in accordance with the Regulations for Teijin Group Responsibilities and Authorities.
Also, within the Teijin Group, Teijin Pharma Limited, which engages in the pharmaceutical and medical devices business, established a policy relating to transparency in relationships with medical institutions and discloses the status of the provision of funds to such organizations in accordance with that policy.