02/25/2021 | Press Releases
Signing the UN Global Compact (UNGC)
Kuraray Co., Ltd. (Head Office: Chiyoda-ku, Tokyo; President: Hitoshi Kawahara; hereinafter "Kuraray" or the "Company") signed the United Nations Global Compact (UNGC), registering as a participating company on December 17, 2020. At the same time, we joined the Global Compact Network Japan, which mainly consists of Japanese companies who have signed the UNGC.
The UNGC is a global framework in which participating companies and organizations strive to realize sustainable social development by demonstrating responsible and creative leadership and acting as good members of society. The top management of companies and organizations that sign the UNGC commit to supporting the Ten Principles of the United Nations Global Compact, which center on protecting human rights, eliminating unfair labor, conserving the environment and preventing corruption. In line with this commitment, they are asked to continually work to implement those principles.
In line with its mission of "For people and the planet—to achieve what no one else can," the Kuraray Group has pursued business development that helps improve the natural environment and the daily living environment since its founding in 1926. In 2019, the Group amended its Sustainability Concept and revised its material issues (materiality), and top management has been at the forefront of these activities.
By signing the UNGC and clearly stating our corporate position, we will further promote sustainability management based on the Kuraray Group’s corporate statement and continue helping realize a sustainable society.
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.