Policy on Sustainable Procurement
WELCO will promote its procurement activities in line with the following policies with the cooperation of business partners, and all business partners of WELCO are hereby requested to cooperate with the following policies:
1. Compliance:
WELCO will comply with domestic and foreign related laws and regulations, and promote fair and equitable procurement activities, respecting international codes of conduct.
2. Fair and equitable business:
WELCO will conduct fair and impartial business transactions on an equal footing with our business partners. WELCO will not engage in any unfair trade practices, refusals of acceptance or late payments, or impose unfair business conditions, etc.
3. Coexistence and mutual prosperity with business partners:
WELCO will endeavor to establish a cooperative system and aim for stable procurement activities while working towards mutual prosperity and survival with our business partners based on the idea that all business partners, both foreign and domestic, are important. WELCO will establish good relationships with a wide range of stakeholders, such as local communities and societies.
4. Consideration of human rights and work environment:
In accordance with our Basic Policy on Human Rights, WELCO respects fundamental human rights and will promote procurement activities aimed at improving the work environment and ensuring safety and health. WELCO, together with our business partners, will eliminate forced labor, child labor, harassment and all types of discrimination throughout our supply chain.
5. Environmental consideration:
In accordance with our Basic Policy on Environment, WELCO, together with our business partners, will promote environmentally friendly procurement activities, and promote green procurement, such as reduction of environmental impact, efficient utilization of resources, prevention of pollution.
6. Assurances of quality and safety:
WELCO, together with our business partners, will promote procurement activities aimed at assuring high quality and safety of our products and services.
7. Information management and appropriate disclosure (Information Security):
WELCO will uphold the confidentiality of confidential information of our business partners that we learn in the course of purchasing transactions, and will not engage in transactions that infringe on the intellectual property rights of third parties. WELCO will also thoroughly manage all confidential information related to our business activities appropriately, and strive to disclose such information appropriately.
