SMC Implements Sustainable Procurement Policy and Supplier Code of Conduct

SMC's Commitment to Sustainability

SMC (Sumitomo Mitsui Construction Company), headquartered in Minato, Tokyo, has taken a significant step towards enhancing sustainability within its operations by introducing a new Sustainable Procurement Policy and Supplier Code of Conduct. The company's mission focuses on creating an information infrastructure suitable for an aging society, and this initiative represents an integral part of its strategy to improve societal quality of life through sustainable practices.

Overview of the Sustainable Procurement Policy

The core elements of SMC's Sustainable Procurement Policy are designed to ensure ethical dealings and environmental protection throughout its supply chain. The key points include:

1. Compliance with Laws and Regulations: SMC pledges to abide by all applicable domestic and international laws and ethical norms, including prohibiting bribery and other corrupt acts.
2. Fair Selection of Business Partners: The selection of suppliers will be conducted rationally and appropriately, avoiding any arbitrary decisions. SMC values partnerships with suppliers who have stable operations and high ethical standards.
3. Respect for Human Rights: The company adheres to its Human Rights Policy, striving to eliminate all forms of human rights violations, including forced and child labor, discrimination, and harassment, across its supply chain.
4. Environmental Conservation: Following its Environmental Policy, SMC is committed to reducing environmental impact across the supply chain and promoting the procurement of eco-friendly products and services.
5. Information Security: SMC emphasizes safeguarding sensitive information related to procurement activities, including personal data, and aims to manage it appropriately.

Supplier Code of Conduct

In conjunction with the sustainable procurement policies, a Supplier Code of Conduct has also been implemented. The main points include:

1. Compliance with Local Laws: Suppliers are required to adhere to the laws and socio-economic standards of the regions in which they operate.
2. Fair Dealings and Ethics: Suppliers must engage in fair business practices with a strong ethical foundation, avoiding any forms of corruption such as bribery and fraud. They should ensure respect for intellectual property rights and refrain from relations with anti-social forces.
3. Human Rights and Labor Standards: Respect for international human rights standards is imperative. Suppliers must avoid forced labor and child labor, ensuring non-discrimination and adequate working conditions. Health and safety in the workplace are also critical components of compliance.
4. Environmental Responsibility: Suppliers should proactively engage in measures to reduce environmental impacts, including the reduction of greenhouse gas emissions and waste.
5. Quality, Safety, and Consistent Supply: Suppliers are expected to provide quality goods and services on time and inform SMC of any significant issues promptly.
6. Information Security: Maintaining confidentiality and protecting sensitive information is paramount, with strict measures against leaks or misuse.
7. Engagement in Supply Chain Initiatives: Suppliers are encouraged to understand and promote these principles within their own supply networks.

Conclusion: A Path to a Sustainable Future

SMC recognizes that its operational success is closely linked to contributing positively to social challenges, particularly in an aging society. This new Sustainable Procurement Policy and Supplier Code of Conduct are not just internal guidelines; they represent a broader commitment to addressing critical issues such as environmental conservation and human rights dignity across all aspects of their procurement practices. Together with suppliers, SMC is poised to enhance corporate value and contribute towards a richer, more sustainable society.

About SMC

Founded in 2003, SMC has grown significantly and transitioned to the Tokyo Stock Exchange's Prime Market in 2022. Their mission emphasizes improving the quality of life for individuals in an aging society through the establishment of over 40 services that foster connections between users, caregivers, and businesses in healthcare and elderly care sectors. For more information about their initiatives, visit SMC's website.