Tokuyama Corporation has signed the United Nations Global Compact (UNGC). The UNGC is a voluntary effort by corporations and organizations to help build a global framework for sustainable growth. Signatories to the UNGC commit to responsible, creative leadership and actions befitting good members of society. Through their participation, the top management of signatory companies commit themselves to take action and to respond to calls aimed at achieving 10 principles across the four broad areas of human rights, labor, the environment and anti-corruption.
Guided by its raison d'être, "centered on the field of chemistry, the Tokuyama Group will continue to create value that enhances peopleʼs lives," Tokuyama has continued to strengthen its ESG management and to engage in positive activities designed to achieve sustainable development goals in a bid to ensure sustainable growth. Taking this opportunity to participate in the UNGC, the Tokuyama Group as a whole will redouble its efforts to engage in a higher level of ESG management and to help resolve a host of social issues.
The Ten Principles of the UN Global Compact
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.
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.
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.
Principle 10 Businesses should work against corruption in all its forms, including extortion and bribery.