Terumo Corporation (TSE: 4543 Section 1) today announced that the company had endorsed the United Nations Global Compact initiative and become a signatory member. The United Nations Global Compact, inaugurated in 2000, is the world's largest voluntary corporate citizenship and sustainability initiative. At present, 6,969 companies from around the world are members, including 371 from Japan.
Companies that have signed the United Nations Global Compact are expected to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, the environment, and anti-corruption.
Terumo has developed the code of conduct, "Five Statements*" to give shape to its corporate mission, "Contributing to Society through Healthcare". The company has been expanding its business globally to contribute to healthcare of the world, further fulfilling responsibility as a global company.
The Ten Principles
Human Rights
- Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
- Principle 2: make sure that they are not complicit in human rights abuses.
Labour
- Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
- Principle 4: the elimination of all forms of forced and compulsory labour;
- Principle 5: the effective abolition of child labour; and
- Principle 6: the elimination of discrimination in respect of employment and occupation.
Environment
- Principle 7: Businesses should support a precautionary approach to environmental challenges;
- Principle 8: undertake initiatives to promote greater environmental responsibility; and
- Principle 9 encourage the development and diffusion of environmentally friendly technologies.
Anti-corruption
- Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
*Terumo's Code of Conduct, "Five Statements" (Developed in 1996)
Open Management
We maintain a fundamental policy of open management, work to secure and return to our benefactors a suitable profit, and strive to develop our business on a global basis as befits a leading company in the industry.
Enhanced Value
We emphasize the importance of scientific thinking, creativity, and time appropriation, and respond in depth to customer needs by creating valued products and services.
Safety and Reliability
We pride ourselves on our commitment to the development of technologies and quality assurance systems that ensure safe, reliable products.
Respect for our associates
We emphasize respect for the individual, promote intercultural understanding, and encourage openness in the workplace in accordance with our slogan "Associate Spirit" as we prepare to meet the challenges of the future.
Corporate Citizenship
We conduct our business activities in a fair and equitable manner and act responsively toward the environment as we fulfill our responsibilities as good corporate citizens.
Notes
For more information about Terumo's social and environmental initiatives, please refer to the following website: http://www.terumo.co.jp/English/about/csr/index.html
Please note that Social and Environmental Report 2012 is scheduled to be uploaded in late August.
(Notice) Among the information that Terumo discloses, forecasts of financial performance on future projections contain potential risks and uncertainty since these are forecasts on projections made by Terumo based on limited information available at the moment of disclosure. Accordingly, it should be noted that actual results may differ from those forecasts on projections due to various factors. Factors affecting to actual results include, but are not limited to, changes in economic conditions surrounding Terumo, fluctuations of foreign exchange rates, and state of competition. The market share information in this booklet is partly derived from our own independent research.
