TEL is committed to building and maintaining a robust and sustainable supply chain. In addition to sharing our Procurement Policy, Procurement Policy–Supplement, EICC Code of Conduct, and Guideline for Green Procurement, we also promote CSR activities with suppliers. Our promotion includes respect for fundamental human rights, strict compliance with labor laws and regulations, and reduction of environmental impact.
Since fiscal 2014, we have also conducted a CSR Survey with the aim of keeping track of suppliers’ engagement in CSR activities. During fiscal 2017, we conducted a supply chain CSR assessment based on the EICC Code of Conduct with key suppliers (accounting for more than 80% of our procurement spend). Improvements in overall rating level were observed at 17% of suppliers and improvements in overall raw score were seen at 59%. We provided responses, results, and overall assessments as feedback to suppliers and as support for their improvement activities.
The results of the survey showed that no suppliers were engaged in any of the practices given particular emphasis in the EICC Code of Conduct, namely child labor, forced labor, bonded labor, inhumane treatment, false reports, falsification of records, or bribery. Also, no suppliers had a sufficient number of employees* to be considered high risk in terms of compliance.
* 500 employees or more