Procurement and reputational risks from human rights violations in the supply chain
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「When procuring raw materials, the Company selects suppliers after considering whether human rights violations are involved. Although most raw materials can be sourced from alternative suppliers, if human rights violations or conflicts occur at a raw material supplier, this could affect raw material procurement.」
The Company continues to disclose the risk that human rights violations or conflicts at raw material suppliers could affect procurement, as well as the considerations applied when selecting suppliers. - FY2023First statedAnnual report
「The Group imports some raw materials from overseas and exports some products overseas. When procuring raw materials, it selects suppliers after considering whether human rights violations are involved. Although most raw materials can be sourced from alternative suppliers, if human rights violations or conflicts occur at a raw material supplier, this could affect raw material procurement.」
For the first time, the Company separately disclosed the risk that human rights violations or conflicts at raw material suppliers could affect raw material procurement and corporate reputation.