Yokogawa signed UN Global Compact in 2009 and expressed its support of 10 principles concerning human rights, labor, environment, and corruption prevention the UN advocates. We are promoting efforts toward materialization of the 10 principles with our stakeholders through such efforts as participation in Global Compact Network Japan, a local network of Japan.
Kofi Annan, former Secretary-General of the UN, first proposed the Global Compact at the World Economic Forum in 1999; the UN officially launched it in 2000. Participating companies are expected to uphold and practice international standards relating to human rights, labor, the environment, and anti-corruption.
Today, Yokogawa does business around the world and its actions affect economies, societies, and the environment. Recognizing its role as a global company, it abides by international norms and actively works to address urgent international issues such as the environment and human rights.
The the Yokogawa Group Code of Conduct call for realizing corporate philosophy, compliance with laws and regulations and cooperation with society, respect for human rights, fair business practices, contributing to society and the environment, relationship of mutual trust with all our stakeholders. Yokogawa is committed to fulfilling its various fundamental responsibilities as a company, including maintaining compliance and contributing to society through its businesses.
Yokogawa has participated in the Global Compact Initiative, an international undertaking advocated by the United Nations, since 2009. Accordingly, the Company endeavors to support and practice the Compact's ten principles relating to human rights, labor, the environment, and anti-corruption. Yokogawa strives to ensure that its global network of Group companies and suppliers shares the same commitment to these principles.
Looking ahead, every effort will be made to fulfill our corporate responsibilities as a globally operating company.
Yokogawa Electric Corporation
President and CEO
Below are the ten principles of the UN Global Compact, followed by Yokogawa's efforts in each area:
Businesses should support and respect the protection of internationally proclaimed human rights; and
make sure that they are not complicit in human rights abuses.