Basic approach
We believe that we grow along with our business partners. In order that we may build relationships of mutual trust and work in tandem with our business partners, our dealings with them are based on fair contracts and we strictly adhere to our agreements. We have established fundamental policies in order to clearly establish our stance towards fair trade, under the “Dealing outside the company in good faith” section of our Standards of Conduct and based on the principle that “we will act in an ethical manner and abide by the laws and regulations of those countries in which we operate” defined in our Business Principles, and our supply chain management is in accordance with these policies.
Fundamental Policies
- We will conduct fair marketing and bidding, and not engage in unfair practices such as collusion and cartels.
- We will maintain appropriate and transparent relationships with our contractors.
- We will select business partners in a fair and equitable manner.
- We will not offer entertainment or gifts to customers that go beyond what is legally and socially acceptable.
- Our advertising, displays and briefing sessions will be honest and sincere.
- We will respond appropriately to customer feedback.
- We will maintain transparent relationships with governments and local authorities.
- We will respect the cultures and customs of the places where we operate.
Taiheiyo Cement Group Procurement Policy
In March 2025, our group established the “Taiheiyo Cement Group Procurement Policy.” This policy reflects the “Taiheiyo Cement Group Human Rights Policy,” which was formulated at the same time. It represents a clear commitment to sustainability considerations, such as human rights and the environment, which are deemed essential in current business activities. Furthermore, we declare that the scope of responsibility extends to the entire group.
Engagement with Suppliers
In March 2025, our group established the “Taiheiyo Cement Group Supplier Code of Conduct” to promote respect for human rights throughout the entire supply chain. This code provides specific behavioral standards that suppliers are expected to adhere to, taking into account the human rights risks associated with the Taiheiyo Cement Group. We actively engage with our suppliers to encourage business activities that are mindful of social responsibilities, including human rights.
