Yokogawa Group's corporate philosophy is "As a company, our goal is to contribute to society through broad-ranging activities in the area of measurement, control, and information." and "Individually, we aim to combine good citizenship with the courage to innovate." Based on this philosophy, the Group has supported industry and society by providing a variety of solutions that help our customers improve productivity and transform their businesses. Together with our customers and partners, we continue to create new value for the future under our corporate brand slogan, "Co-innovating tomorrow".
All of our business activities for value co-creation are based on respect for human rights. By deepening our understanding of the various human rights issues in the countries and regions where we conduct our business, and by being actively involved in resolving them, we must strive to ensure that people's dignity is protected and respected. We hereby establish the Yokogawa Group Human Rights Policy as a commitment to fulfill this responsibility.
(Scope and Corporate Structure)
This policy applies to Yokogawa Electric Corporation and its group companies (hereinafter referred to as "Yokogawa Group"). We also expect and encourage our suppliers, business partners and other stakeholders to respect human rights in accordance with this policy. To achieve this goal, we have established a corporate structure in which the President and Chief Executive Officer serves as the Group's chief executive officer for human rights, and we continue to implement initiatives to this end.
(Related Laws and International Codes of Conduct)
Based on the UN Guiding Principles on Business and Human Rights, the Yokogawa Group respects human rights as defined in international norms such as the Universal Declaration of Human Rights, the International Covenants on Human Rights (International Covenant on Civil and Political Rights and the International Covenant on Economic, Social and Cultural Rights), and the International Labour Organization's Declaration on Fundamental Principles and Rights at Work.
We comply with laws and regulations in the countries or regions in which we conduct our business, and where there is a gap between laws and international norms, we respect international norms to the extent possible.
(Addressing Human Rights Risks)
The Yokogawa Group identifies human rights risks associated with our business activities, collaborates with relevant stakeholders, and establishes and continuously operates mechanisms to prevent or mitigate risks.
If the Yokogawa Group is found to have caused or been involved in any negative impact on human rights, we will work with relevant stakeholders to remedy the situation. We also establish and maintain a grievance procedure for this purpose.
To ensure that this policy is understood and practiced by all people working for the Yokogawa Group, we regularly provide education and awareness-raising programs on respect for human rights. We also take the necessary steps to promote understanding and implementation of the Group's human rights policy to suppliers and business partners associated with our business.
The Yokogawa Group's business is supported by a variety of stakeholders, including customers, business partners, suppliers, employees, and civil society. In order to respect the human rights of all people who are involved with the Yokogawa Group, we actively engage in the following priority issues.
(Prohibition of Discrimination and Harassment)
We prohibit discrimination of any kind based on race, skin color, age, sex, gender identity and expression, sexual orientation, religion, belief, political opinion, nationality, ethnicity, place of origin, disability, family relations or any other circumstances against any person associated with the Group. Furthermore, we do not tolerate harassment of any kind that harms their dignity.
(Respect for Workers' Rights and Approach to the Supply Chain)
In order to protect the human rights of all workers in the Yokogawa Group, we take the following actions and strive to build a more sustainable and resilient supply chain that ensures the same actions are taken in the supply chain in order to protect the human rights of other workers involved in the Yokogawa Group's business activities.
(Respect for Rights of Vulnerable People)
We respect the human rights of local and indigenous peoples, children, people with disabilities, minorities, women who are subject to gender discrimination or constraints, and people with disabilities who are socially vulnerable, including the elderly. We also engage in responsible procurement to avoid complicity in conflicts and human rights abuses related to mineral sourcing.
(Protection of Privacy and Personal Information)
We conduct our business activities with due consideration to the privacy of people involved with the Yokogawa Group and the protection of their personal information.
This policy was formulated in consideration of expert advice from outside the Group to demonstrate the Group's attitude and commitment to human rights. In order to resolve human rights issues identified through human rights due diligence, the Group will actively and continuously engage in dialogue and collaboration with stakeholders and evolve its efforts to respect human rights. The progress of these activities and initiatives to resolve human rights issues will be regularly disclosed to the public.
The Group has set sustainability goals for 2050 to realize the well-being of future generations, and we are working to achieve net-zero emissions (stopping climate change), ensure well-being (quality life for all), and make the transition to a circular economy (circulation of resources and efficiency). We firmly believe that respect for human rights is the basis for achieving these goals, particularly well-being. The Yokogawa Group will respond swiftly to dynamic social conditions, such as climate change and infectious diseases, confront ever-changing human rights issues, and sincerely implement this initiative together with our employees, business partners and suppliers around the world.
President and Chief Executive Officer
Yokogawa Electric Corporation
Resolved at the Board of Directors' meeting on September 2, 2020
Yokogawa Group Human Rights Policy was established with the approval of the Board of Directors. We have established an internal system in which the President and CEO has the highest responsibility for human rights in the Group, and we are implementing ongoing efforts. The Human Rights Working Group, whose members are selected from the departments related to human rights, is working on concrete human rights initiatives.
Yokogawa is committed to implementing human rights due diligence to identify, prevent, and mitigate potential negative impacts on human rights throughout our business and the supply chain and to achieve accountability for our activities.
We have built internal control systems for the entire group for occupational safety and health, labor management, and purchasing and sales management, and are working to reduce risks with taking corrective actions when we identify problems.
In addition, we have set up hotlines for everyone working at Yokogawa as a means to prevent human rights violations.
In fiscal 2019, we assessed potential human rights risks throughin our business activities and value chain, partnering with BSR (Business for Social Responsibility), which is an NGO that is globally active working in the areas of business and sustainability.
This assessment identified human rights issues of high priority by confirming company policies, business activities and the operating status of the internal control systems, and interviewing relevant parties in the Group as well. The priority is determined by two perspectives: salience of the risk of giving adversely impact through our business activities and business relationships, and Yokogawa’s ability to manage the risks.
Human Rights Risk of the Yokogawa Group
As a results of risk assessment, the following six items were identified as human rights risks with highest priority; social and environmental impacts, forced, bonded or compulsory labor (employee), health and safety (employee), fair business practices, product quality and security, and working conditions (employee).
Regarding high priority human rights risks, we will work further to reduce the risks, taking into account the characteristics of each country and region. If we find some problem, we will take appropriate measures.