Miyoshi Oil & Fat Code of Conduct
The Miyoshi Oil & Fat Code of Conduct establishes behavioral guidelines for realizing Miyoshi Oil & Fat's Management Principles "Benefiting people, benefiting society, benefiting the future," as well as practical actions for the Wellbeing Management* that Miyoshi Oil & Fat aims to achieve.
Executives and employees in the Miyoshi Oil & Fat Group will aim to increase corporate value even further by pledging to our customers, as well as all consumers, business partners, shareholders, and all other stakeholders involved in our businesses, to contribute to improving our ways of life and protecting the environment through the oil and fat business while striving to maintain harmony between our business activities and the local and international communities based on this Code of Conduct.
*Wellbeing Management: Referring to management facilitating an organizational environment in which our executives and employees can enjoy physical, mental, and social satisfaction as Wellbeing Management, the Miyoshi Oil & Fat Group aims to carry out management that puts first the wellbeing of those who play active roles in our facilities and on the frontlines of business by focusing on the happiness of executives and employees.
Chapter 1.General provisions
Article 1.Compliance with laws and regulations, as well as respect for global standards
We will engage in daily business operations with the recognition that our sound business growth depends on each and every individual acting in conformity with not only Japanese and local laws and regulations concerning our businesses but also the expectations of local and international communities and social norms, throughout Company business activities, based on a solid understanding of the Company's social responsibility.
Article 2.Duty to work with integrity
We will work with integrity based on various obligations stipulated in the Rules of Employment. We will maintain relationships of trust with the Company and will not conduct any act detrimental to the Company’s interests.
Article 3.Responsibilities of executives and managers
Those of us in executive and management positions will not only comply with this Code of Conduct ourselves but also will strive proactively to develop workplace environments and guide and train subordinates with a full understanding of our own responsibilities. In the event that an act in violation of laws, regulations, or norms has been discovered, we will thoroughly investigate the cause and implement preventive measures.
Article 4.Support for the Code of Conduct
Together with acting ourselves in accordance with this Code of Conduct, we will continue to encourage all business partners including suppliers to support it as well.
Chapter 2.The Company's promises to employees
Article 5.Maintenance of workplace environments
The Company will make all workplace environments comfortable and rewarding by realizing composure and prosperity. The Company shall comply with applicable laws and regulations, pay appropriate wages, refrain from pressuring employees to work long hours unless necessary, and encourage employees to be sure to take annual leave.
Article 6.Respect for diversity
The Company will respect diversity, including employees' personalities, traits, and values, to the maximum extent. Discrimination or harassment on the basis of race, nationality, religion, gender, sexual orientation or gender identity, age, social status, disability or illness, or physical characteristics shall not be tolerated. We will aim for a corporate culture that provides employees with equal opportunities, evaluates them fairly, and enables them to demonstrate free and open-minded creativity.
Article 7.Ensuring safety and health
The Company shall comply with applicable laws and regulations, including the Industrial Safety and Health Act and the Food Sanitation Act, and will pay close attention to keeping employees safe and healthy and will strive to eliminate industrial accidents. We will promote health management to enable each and every employee to remain happy and in good physical and mental health.
Article 8.Freedom of association and collective bargaining rights
The Company will recognize freedom of association, and will strive for fulfilling communication with the labor union. To facilitate smooth business operations, we will establish positive labor-management relations based on mutual trust.
Chapter 3.Working environments and promises to our colleagues
Article 9.Management of Company assets and property
We will handle Company assets and property with care and manage them properly. We will differentiate between personal and official use and shall not use Company assets and property for other than business purposes through such means as misappropriating them for personal use.
Article 10.Information control
We shall manage strictly Company’s confidential information and information belonging to business partners, competitors, and others obtained in the course of doing business to prevent leakage. We shall handle internal personal information with the same degree of care. We shall not use these information outside legitimate purposes, either during our employment or after leaving the Company. We shall refrain from using information suspected of having been obtained through improper methods.
Chapter 4.Pledges to customers and business partners
Article 11.Product safety and quality
We will deliver highly reliable products that can be used with safety and reliability, striving at all times for customer satisfaction while enhancing product safety and quality assurance management systems and endeavoring to provide appropriate information.
Article 12.Fair and free competition
We will build relationships with customers, business partners, and competitors that are transparent and fair all times by trading fairly and in accordance with social norms. We shall comply with the Antimonopoly Act and other applicable laws and regulations and refrain from any and all acts that impede, or are suspected of impeding, fair and free competition, such as bid-rigging or forming cartels.
Article 13.Protection of intellectual property rights
We will recognize the importance of intellectual property rights and utilize intellectual property appropriately. We shall respect the intellectual property rights of others and shall never infringe on them or use them improperly.
Article 14.Prohibition of abuse of superior bargaining positions
We shall transact with business partners based on integrity and as equivalent partners at all times in accordance with applicable laws, regulations, and contracts. We shall never use superior bargaining positions to bring improper disadvantages over business partners. In addition, we shall never pursue personal gains through such means as receiving gains or benefits in connection with procurement and other business operations.
Article 15.Advertising and publicity
We will engage in advertising, publicity, and other sales activities regarding the quality and specifications of our products accurately and with integrity. We shall refrain from any dishonest labels or expressions or ones that could lead to misunderstanding of customers. We will respond swiftly to any inquiries and similar contacts.
Article 16.Entertainment and gifts
We shall refrain from the exchange of entertainment and gifts with business partners that would deviate from proper commercial practices and social norms. In addition, we shall refrain from the receipt of entertainment and gifts from business partners that would deviate from social norms.
Article 17.Export and import related laws and regulations
We shall engage in export and import transactions involving products and technologies properly and in compliance with the Foreign Exchange and Foreign Trade Act and other applicable domestic and local laws and regulations.
Chapter 5.Pledges to society and shareholders
Article 18.Contributing to the local community
We will contribute to the society by utilizing the power of oils and fats to achieve excellence in manufacturing (“monodzukuri”). As a good corporate citizen, we will engage in business activities rooted in the local community and contribute to social, economic and cultural development by participating actively in social contribution activities.
Article 19.Ensuring safety
We will strive to enhance safety by putting safety the utmost priority in all processes from product production and manufacture through supply and sale.
Article 20.Exclusion of antisocial forces
We shall resolutely sever the links and exclude antisocial forces that threaten social order and safety. We shall refrain from any acts that could promote the activities of antisocial forces.
Article 21.Prohibition of bribery and anticorruption
We shall maintain sound and moderate relationships with members of parliament, members of local assemblies, executives and employees of national or local public agencies, foreign officials, and similar parties and shall refrain from any speech or behavior that could be misinterpreted as involving bribery or collusion. We shall comply with the Public Offices Election Act, the Political Funds Control Act, and other applicable laws and regulations regarding electioneering and political activities and political donations. Donation activities shall be conducted in compliance with applicable laws and regulations with full consideration for their necessity and propriety. We shall refrain from provision of entertainment or gifts that has the appearance of provision of gains or benefits intended to secure improper business gains and other treatment for which there are no reasonable grounds.
Article 22.Prohibition of insider trading
We shall not permit insider trading. If we have learned any material fact regarding the Company, affiliates, or business partners in connection with our duties or transactions, we shall refrain from such acts as trading in shares of stock in related companies and will refrain from divulging such information to others or encouraging them to engage in related transactions until the information has been disclosed officially. We also shall refrain from any acts that could lead to related suspicions.
Article 23.Fair disclosure and dialogues with consumers
We will engage in timely and appropriate disclosure and dialogues with consumers, who are partnering with us towards future, regarding Company business conditions and our initiatives, and strive to earn consumers’ understanding and support in this regard.
Article 24.Respect for human rights
We acknowledge internationally recognized human rights and will respect the human rights of all stakeholders involved in our business activities. In all business activities, including those in the supply chains, improper labor practices, such as forced labor or child labor, shall not be tolerated. We will respect individual dignity and values in all business activities, including those in the supply chains.
Article 25.Consideration of the global environment
We will give full consideration to the impact on the global environment of our businesses and will actively lessen their environmental impact and contribute to solving environmental issues. We will engage in sustainable production by taking consideration for climate change and the environmental impact of raw-material procurement.
Chapter 6.Supplementary provisions
Article 26.Scope of application
This Code of Conduct shall apply to any and all executives and employees working in the Miyoshi Oil & Fat Group (including part-time employees, side-job workers and dispatched workers).
