Basic principles of procurement

Promoting Responsible Procurement Activities
Basic Philosophy

Promoting Responsible Procurement Activities

Based on its company creed of "Sincerity," the Foster Group is committed to fulfilling its social responsibility by globally promoting integrated sustainable procurement, which includes not only legal compliance but also consideration for the environment and respect for human rights. Furthermore, we aim to improve customer satisfaction by always achieving optimal procurement from the perspective of QCDEST (Quality, Cost, Delivery, Environment, Service, Technology) and providing valuable products and services to our customers.

To realize this, we have established standards for "Procurement Policy," "Sustainable Procurement," and "Green Procurement" and are developing global procurement activities. By working together with our business partners, we will contribute to the realization of a sustainable society throughout the entire supply chain.

Basic Philosophy

"We will deal sincerely with all our business partners."

Five Basic Policies

1. Compliance with Laws and Regulations: We will comply with the laws and regulations in the countries and regions where we operate and conduct purchasing activities in accordance with social ethics. We will not accept any gifts or entertainment that violate laws or social ethics.

2. Fairness and Impartiality: We will provide open access and equal opportunities to all companies and evaluate and select our business partners fairly based on reasonable standards.

3. Sustainable Procurement: We will adhere to international norms, social norms, and corporate ethics, and promote socially responsible procurement activities together with our business partners.

4. Partnership: We will strive to deepen mutual understanding and build trusting relationships with our business partners.

5. Confidentiality: We will strictly manage confidential information acquired through business transactions.