Process
In accordance with the United Nations Guiding Principles on Business and Human Rights (UNGPs), we have established a human rights due diligence process to ensure that we respect the human rights of all stakeholders affected by our business activities.
Commitment
Shindengen Group Human Rights Policy
In May 2019, the Shindengen Group established the Shindengen Group Human Rights Policy, which constitutes the basic policy for all documents and norms regarding the Shindengen Group's efforts to respect human rights in its business activities. The Policy clearly states that all officers and employees of the Shindengen Group are required to respect human rights and to not tolerate slavery, forced labor, or child labor, including any form of human trafficking. The Policy also requires respect for human rights throughout the supply chain.
Initiative for preventing Slave Labor and Human Trafficking
Shindengen Electric Manufacturing has updated its statement in September 2024 regarding the prevention of slave labor and human trafficking pursuant to the British Modern Slavery Act 2015, Article 54 (1).
Assessment
Human Rights & Labor and CSR Surveys
As part of our supply chain human rights due diligence, we have been conducting supply chain surveys since FY 2019 that include human rights risks. The results of our human rights & labor survey and our CSR survey for FY 2023 are presented below.
Survey period: July–September2023
| Survey items | Scope | Surveys issued | Responses | Average score |
| Human Rights & Labor | Group companies, suppliers | 614 | 594 | 93.1% |
| Overall CSR | Group companies, suppliers | 614 | 591 | 96.0% |
＊We created these surveys with reference to the JEITA “Responsible Business Conduct Guidelines Self-Assessment Sheets.
The Shindengen Group conducts annual risk assessments and continuously carries out mineral surveys within its supply chain. In the human rights risk assessment conducted in fiscal year 2024, apart from a few minor
harassment cases, no significant risks requiring action were identified.
Impact assessment
We have organized issues that could potentially have a negative impact on human rights through our business activities from the perspectives of ‘severity’ and ‘likelihood of occurrence,’ and created a Human Rights Risk Map. Based on this, we have defined priority human rights risk areas that require our attention, identified risks within these areas, and continuously assess their impact. Furthermore, taking into account the results of the human rights and labor survey conducted in fiscal year 2023, we utilized the Human Rights Risk Map to select 53 companies out of the 594 surveyed as subjects for risk mitigation measures. For these companies, we will implement specific actions as necessary to reduce human rights risks.
Action
Feedback on Survey Results and Implementation Status of Risk Mitigation Measures.
In the human rights and labor survey conducted in fiscal year 2023, we provided feedback on the survey results to the business partners who cooperated and requested improvements where necessary. In fiscal year 2024, we asked the 53 companies selected as subjects for risk mitigation measures to agree to our Group’s Human Rights Guidelines, and received consent from 51 of them. For the two companies that did not agree, we will seek clarification on the reasons for their non-acceptance and consider and implement future response policies. We will continue to prioritize dialogue with our business partners as we promote initiatives to prevent and mitigate human rights risks.
Monitoring
We will continue to conduct regular surveys and consistently verify whether responses to negative impacts are being carried out appropriately and effectively.
Education
As part of our human rights risk prevention measures, we conduct specialized training related to human rights, such as harassment training and diversity training. In fiscal year 2024, we invited external lecturers to deliver harassment training and LGBTQ training.
| Key indicators for human capital management | FY 2024 target | FY 2024 result | FY 2025 target |
| Participation rate in human rights-related training | 100% | 99.4％ | 100％ |
Communication
We disclose the status of our human rights due diligence and initiatives to respect human rights through our website and Integrated Report. By continuing dialogue with experts and stakeholders and refining our human rights due diligence efforts, we strive to reduce adverse impacts on the human rights of all stakeholders.
