Procurement

Basic approach to procurement operations

While economic development is driven by globalization, environmental issues such as climate change are causing various impacts on the planet, animals and plants, including on our own lives. In addition, the increasing importance of addressing social problems, including human rights issues, in the globalized corporate supply chain requires companies to be more committed to what is ethically right than the law requires.

Based on our corporate philosophy of "Creatively and Actively Contribute to Society”, we contribute towards the realization of a sustainable society not only by providing environmentally and socially friendly products, but also by giving due consideration to the environment and society through our global procurement activities. As part of this, the JSP Group Basic Procurement Policy has been established as follows to promote sustainable procurement activities throughout the supply chain.

JSP Group Basic Procurement Policy

1. We will conduct transactions based on fair, equitable and free competition, open to domestic and foreign suppliers, and with transparent procedures.
2. In our procurement activities, we will comply with the laws, regulations, social norms of each region and country.
3. We will conduct optimal procurement activities based on economically rational methods and strive to build and maintain sound business relationships with suppliers with the aim of mutual development.
4. We will strive to implement procurement activities that put customer satisfaction first.
5. In selecting suppliers, we will take the followings as important points, and will also consider their sustainability activities.

  (1) Respect human rights and eliminate discrimination. Not complicit in human rights abuses.
  (2) Apply fair labor conditions, maintain safe workplace environment and eliminate forced labor and child labor.
  (3) Recognize environmental issues and work to resolve and address them.
  (4) Have a stable management base and appropriate levels of quality, price, and delivery time, and make efforts to maintain and improve them.
  (5) Comply with laws, regulations, and social norms.