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Sustainable procurement
Foster Group Supplier Sustainability Code of Conduct
Foster Group considers it essential to conduct sustainable procurement throughout our supply chain to promote procurement on a global basis.
To this end, we established a “Foster Group Supplier Sustainability Code of Conduct” based on the “Sustainability Regulations” and the “Basic Principles of Procurement.”
Foster Group Supplier Sustainability Code of Conduct |
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To ensure this concept prevails and becomes popularized among suppliers, we send a “Sustainability Agreement Form” to suppliers as appropriate to survey the status of sustainable procurement.
Foster Group Human Rights Policy
Foster Group has established the Foster Group Human Rights Policy based on international norms, social standards, and corporate ethics concerning human rights. Under this policy, all Foster Group executives and employees will strive to protect and promote human rights and conduct business activities with respect for these rights.
Foster Group Human Rights Policy(PDF:210KB)
Suppliers and Main Suppliers
The selection of suppliers is based on traditional broad criteria, while the implementation of sustainability activities is a condition of the transaction.
After agreeing to the Sustainability Code of Conduct and conducting a CSR self-assessment, we will begin transactions upon signing a basic transaction agreement that incorporates CSR requirements. Regarding existing suppliers, we will identify those purchasing significant raw materials or items that cannot be substituted as main suppliers. By strengthening our relationships with these suppliers and increasing our purchasing ratios, we aim to effectively enhance the sustainability of our supply chain.
Working with Suppliers
We are working with our suppliers to raise the level of sustainable procurement.
Responsible Minerals Procurement
Foster Group has established a policy for responsible mineral procurement, which has become an international issue, and is committed to responsible mineral procurement as a member of the global supply chain, with the approval and cooperation of our suppliers.
Responsible Minerals Procurement Policy
• The Foster Group considers conflict minerals, such as tin, gold, tantalum, tungsten, cobalt and mica mined in conflict and high-risk areas, to be a serious social issue, as they may be used to finance or benefit armed groups and may be involved in risks such as child labor and other human rights abuses, degrading forced labor and environmental destruction.
• We will follow the Organisation for Economic Cooperation and Development (OECD) Due Diligence Guidance, establish management processes in line with global standards and conduct continuously. We request our suppliers to procure target minerals from conformant smelters as free from involvement in conflict or serious human rights abuses.
• We will ensure that our procurement activities does not finance or benefit armed groups complicit in conflict and human rights abuses as part of our sustainability promotion activities, by incorporating this into the “Foster Group Supplier Sustainability Code of Conduct”.
• We do not consider that avoiding procurement from conflict and high-risk areas is the only solution to these problems, and care must be taken to ensure that procurement conflict-free minerals in the relevant areas is not prohibited.
• Cooperation across the supply chain from upstream to downstream, is essential to this effort, and we will ask all relevant suppliers to provide information and aim to source from problem-free smelters or refineries.
If you have any inquiries about Conflict Mineral, please contact us below.
- * Mail address below is a dedicated contact only for Conflict Mineral - related subjects.
Please note that inquiries other than Conflict Mineral are not accepted and/or answered.
(Contact Information)
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