“Compliance with legislation and social norms” is one of the basic precepts of the Shindengen Group’s “Group Materials Procurement Policy.” In materials procurement, we comply with legislation and social norms (environment, human rights, labor,safety, sanitation, ethic, etc.) of countries and regions and respect human rights throughout our supply chain. By “Shindengen Group Human Rights Policy,” the Group has issued the Supply Chain CSR Deployment Guidebook, and not only works to make our suppliers aware of this Policy but requires their compliance.
Building Partnerships
Shindengen Electric Manufacturing Co., Ltd. endorses the intent of the Council on Promoting Partnership Building for Cultivating the Future promoted by the Cabinet Office and the Small and Medium Enterprise Agency and has announced a “Declaration of Partnership Building.” We will aim to build new partnerships by pursuing cooperation, co-existence and co-prosperity with our supply chain business partners and value-creating business operators.
The Shindengen Group’s Initiative for Responsible Minerals Trade
To ensure that the Shindengen Group fulfills the social responsibility standards for supply chains, we request our suppliers to expand their awareness to conflict minerals and participate in the surveys we implement as part of our efforts to honor human rights, environmental, and ethical principles.
Mineral Trade Survey
In FY2022, we conducted a conflict mineral trade survey targets at our major suppliers, and we did not confirm any facts violating the law from the responses.
The Shindengen Group’s Initiative for Responsible Minerals Trade
Conflict minerals (such as gold, tantalum, tungsten, and tin) excavated from the Democratic Republic of the Congo and surrounding countries are the source of funding for armed conflict. Another problem is the human rights violations that occur during excavation.
In the final rule of Article 1502 of the “Dodd-Frank Wall Street Reform and Consumer Protection Act” (Dodd-Frank act), which was passed and announced on August 22, 2012, by the U.S. Securities and Exchange Commission, it states that all public companies in the United States must submit a report to the Securities and Exchange Commission certifying whether or not “conflict minerals” are contained in their products.
As Shindengen Electric Manufacturing is not among the companies required to submit a report to the U.S. Securities and Exchange Commission, there is no obligation to submit any such report about the usage of conflict minerals.
However, the Shindengen Group is taking a humanitarian stance and is actively making it clear as to whether or not conflict minerals are included in its products and working towards the elimination of conflict minerals. In addition, the problems with procuring minerals are expanding beyond just conflict areas. To address the risks of OECD guidance Annex II and limit the contribution to serious human rights violations and environmental pollution, we will continue promoting responsible mineral procurement throughout the supply chain regarding the procurement of minerals, such as those produced in conflict and high-risk areas.
