Tokyo, Japan—On April 22, Tosoh Corporation signed the United Nations Global Compact (UNGC). This voluntary social initiative was launched by the United Nations to garner the participation of companies and other organizations in the formation of a global framework.
Participants in the UNGC commit to responsible, creative leadership and actions befitting good members of society based on compliance with the compact’s Ten Principles. Those principles are divided across four categories—Human Rights, Labor, Environment, and Anti-corruption. And corporations and all organizations that sign the UNGC are expected to work toward the compact’s objective.
Tosoh’s corporate philosophy—“contribute to society through innovations in chemistry”—dovetails with the UNGC. In June 2018, the company formulated the Tosoh Group Corporate Social Responsibility (CSR) Basic Policy, with the aim to contribute to the development of a sustainable society. The company has also already introduced initiatives related to the UN’s Sustainable Development Goals (SDGs), which directly address the challenges faced by humankind. Now, with its commitment to the UNGC, Tosoh will promote and enact CSR initiatives at a higher level and across the entirety of the Tosoh Group, thereby contributing to the resolution of social issues worldwide.
The Ten Principles of the UN Global Compact
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Human Rights
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Principle 1:
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Businesses should support and respect the protection of internationally proclaimed human rights
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Principle 2:
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Make sure that they are not complicit in human rights abuses
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Labor
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Principle 3:
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Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining
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Principle 4:
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The elimination of all forms of forced and compulsory labor
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Principle 5:
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The effective abolition of child labor
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Principle 6:
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The elimination of discrimination in respect of employment and occupation
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Environment
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Principle 7:
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Businesses should support a precautionary approach to environmental challenges
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Principle 8:
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Undertake initiatives to promote greater environmental responsibility
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Principle 9:
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Encourage the development and diffusion of environmentally friendly technologies
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Anti-corruption
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Principle 10:
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Businesses should work against corruption in all its forms, including extortion and bribery
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(UNGC website: www.unglobalcompact.org)
TOSOH CORPORATION
Who We Are
Tosoh is the parent of the Tosoh Group, which comprises over 100 companies worldwide and a multiethnic workforce of over 12,000 people and generated net sales of ¥861.5 billion (US$7.8 billion at the average rate of ¥110.9 to the US dollar) in fiscal 2019, ended March 31, 2019.
What We Do
Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh’s petrochemical operations supply ethylene, polyethylene, and functional polymers, while its advanced materials business serves the global semiconductor, display, and solar industries. Tosoh has also pioneered sophisticated bioscience systems that are used for the monitoring of life-threatening diseases. In addition, Tosoh demonstrates its commitment to a sustainable future in part by manufacturing a variety of eco-products.
Stock Exchange Ticker Symbol: 4042
Disclaimer
This document may contain forward-looking statements, including, without limitation, statements concerning product development, objectives, goals, and commercial introductions, which involve certain risks and uncertainties. Forward-looking statements are identified through the use of the word anticipates and other words of similar meaning. Actual results may differ significantly from the results expressed in forward-looking statements.