Basic policy of procurement
Most of our production is outsourced to third parties under fab-lite strategy. It is therefore crucial that we establish a good partnership with suppliers and manufacturing subcontractors to ensure that our highly sophisticated, high value-added products are manufactured properly to meet the requirements of customers and delivered to them in a timely manner. In this respect, we are committed to maintaining a close contact and conducting fair trade with each of these companies to win their trust and construct solid relationships with all of them. We are intent on engaging in ESG initiatives in the entire supply chain so that we can contribute to social issues through business execution.
We go beyond the compliance with laws, regulations, and social norms in each of the countries where we operate and take initiatives to conform to the international CSR standards and guidelines of procurement to meet the expectations of stakeholders. We not only follow "Lasertec Code of Conduct" but also adhere to the Ten Principles of the United Nations Global Compact and the RBA Code of Conduct*1, which is compiled by Responsible Business Alliance (RBA), and take action proactively.
- *1The Responsible Business Alliance (RBA) Code of Conduct establishes standards to ensure that working conditions in the electronics industry, or industries in which electronics are a key component, and its supply chains are safe, that workers are treated with respect and dignity, and that business operations are environmentally responsible and conducted ethically. In alignment with the UN Guiding Principles on Business and Human Rights, the provisions in this Code are derived from key international human rights standards including the ILO Declaration on Fundamental Principles and Rights at Work and the UN Universal Declaration of Human Rights.
- 1We never cease to make the efforts of R&D and innovation to create high value-added products for customers. We strive to be a company that continues to grow with customers and society.
- 2We, as a good corporate citizen, comply with laws and regulations, act in accordance with the articles of incorporation and social norms, conduct fair trade and proper business activities, promote environmental protection, and contribute to the progress of local communities.
- 3We communicate with customers and society at large in a timely and appropriate manner and disclose corporate information proactively and fairly.
- 4We respect our employees' human rights and personality, and strive to make our workplace healthy, safe, fair, hospitable, and full of job satisfaction.
- 5We manage the assets and rights of our own as well as of third parties' in a strict manner, never infringe on them under any circumstances, and use them fairly. We also take all possible measures to ensure information security.
- 6Our top management, board members, and department managers act in accordance with this action guideline in an exemplary manner, establish an internal structure for its implementation, and keep all concerned parties fully informed.
Examples of initiatives to increase the effectiveness of CSR procurement
- Periodic policy briefings to major suppliers
- CSR procurement policy sent to new suppliers
Request for our suppliers
We adhere to the RBA Code of Conduct. We ask you to understand the purpose and intent of our CSR activities and adhere to the Code as well. We also request that you ask your suppliers to do likewise. For your reference, the subjects discussed in the Code are as follows:
- Freely chosen employment
- Young workers
- Working hours
- Wages and benefits
- Humane treatment
- Freedom of association
Health and safety
- Occupational safety
- Emergency preparedness
- Occupational injury and illness
- Industrial hygiene
- Physically demanding work
- Machine safeguarding
- Sanitation, food and housing
- Health and safety communication
- Environmental permits and reporting
- Pollution prevention and resource reduction
- Hazardous substances
- Solid waste
- Air emissions
- Materials restrictions
- Water management
- Energy consumption and greenhouse gas emissions
- Business integrity
- No improper advantage
- Disclosure of information
- Intellectual property
- Fair business, advertising and competition
- Protection of identity and non-retaliation
- Responsible sourcing of minerals
- Company commitment
- Management accountability and responsibility
- Legal and customer requirements
- Risk assessment and risk management
- Improvement objectives
- Worker feedback, participation and grievance
- Audits and assessments
- Corrective action process
- Documentation and records
- Supplier responsibility