Tokyo, Japan, November 20, 2017 --- Teijin Limited announced today that it has completely revised its CSR procurement guidelines on November 1, 2017. Teijin Group is requesting suppliers to comply with our guidelines, and promoting its initiatives in collaboration with them.
Teijin established basic policies for purchasing and procurement as part of building sound relationships with its suppliers in 2006. The company further established CSR procurement guidelines that are required for suppliers to fulfill its social responsibility in 2007, and regularly conducted surveys of its suppliers on such matters. On the other hand, the ongoing globalization of supply chains has highlighted problems such as forced labor and child labor in developing nations, and there is increasing demand for responsible supply chains in collaboration with suppliers, as well as company’s own efforts. Since 2012, Teijin Frontier Co., Ltd., the Teijin group's fiber-product converting company with operations in Vietnam, has been holding seminars periodically, and is looking at doing the same in other operation sites. Under these circumstances, Teijin has completely revised its CSR procurement guidelines for strengthening its procurement initiatives, which the company positioned it as one of CSR materiality (important issues) in 2016.
By referring to upcoming ISO20400 on sustainable procurement and other international standards, the new guidelines specified more detailed efforts regarding human rights and labor in supply chains such as "Forced labor", "Child labor and young workers", "Foreign workers", "Working hours and holidays", "Wages and benefits", "Discrimination", "Harassment" and "Freedom of association”. In addition, Teijin newly established “Formulation of business continuity plan”, “Export control compliance”, “Consideration for local communities”, “Contact point for consultations and internal reporting”, and “Responsible supply chain promotion”. Our environmental initiatives were integrated into the “Environmental preservation”.
About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in the areas of environmental value; safety, security and disaster mitigation; and demographic change and increased health consciousness. Its main fields of operation are high-performance fibers such as aramid, carbon fibers & composites, healthcare, films, resin & plastic processing, polyester fibers, products converting and IT. The group has some 170 companies and around 19,000 employees spread out over 20 countries worldwide. It posted consolidated sales of JPY741.3 billion (USD 6.5 billion) and total assets of JPY 964.1 billion (USD 8.5 billion) in the fiscal year ending March 31, 2017.
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