Supply Chain Disruption and Human Rights Risks
First written in FY2023. 1 of 3 entries say "Advanced", first in FY2026. Latest entry: FY2026.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Company conducted a human rights survey at shrimp processing plants in Vietnam, one of its major suppliers, and verified the risks. This year, it plans to conduct human rights surveys at tea plantations and processing plants in India and is working to establish due diligence covering risk verification, indicator setting and responses.」
The Company conducted a human rights survey at shrimp processing plants in Vietnam, expanded the survey scope to tea-growing regions and processing plants in India, and is working to establish due diligence covering indicator setting and responses. - FY2024Clarifying the Assessment and Response to Supply and Human Rights RisksAnnual report
「The Group is working to diversify sourcing regions by product and secure stable procurement so that it can respond quickly to various procurement risks and market changes, including supply and demand balances, crop conditions and international market prices. It also considers it important to analyze and verify where human rights risks are most likely to arise across the supply chain and is working to prevent and mitigate them.」
In response to supply chain disruption and human rights risks, the Company specified measures including diversification of sourcing regions and analysis and verification of human rights risks across the supply chain. The likelihood of occurrence was assessed as medium and the impact as moderate. - FY2023First statedAnnual report
「If major price increases or shortages in product procurement arise due to changes in global supply and demand, poor harvests, changes in laws and regulations or political turmoil in sourcing countries, international conflicts or other factors, or if the Group's social reputation declines because of child labor, forced labor, discrimination against foreign workers or other issues in the supply chain, the Group's operating results and financial condition may be affected.」
The Company for the first time identified supply chain risks, including not only shortages and price increases but also reputational damage caused by child labor, forced labor, discrimination against foreign workers and other issues, as a separate risk item.