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Importance of 10 Principles of UN Global Compact Code of Conduct Revised in Line with Global Compact Principles Osaka Gas fully embraces the UN Global Compact and in June 2007 became the first utility in Japan to join. The Global Compact encompasses 10 principles for enterprises to follow in the four fields of human rights, labor standards, the environment, and anti-corruption.
In May 2008, the Osaka Gas Group revised its Code of Conduct to incorporate the 10 principles of the UN Global Compact and in doing so clearly prohibited activities such as bribes to foreign officials and the use of child labor. Because these principles also relate to the dealings that Osaka Gas has with its business partners, in September 2009 the Osaka Gas’s Policy for Purchasing was also revised to stipulate adherence to the UN Global Compact. For these efforts, the Osaka Gas Group’s report on activities in line with the principles of the UN Global Compact was selected as a “Notable COP (Communication on Progress)” in September 2009, an honor for only the top 5% of Global Compact member companies that have submitted reports. And in April 2010, a group of investors on the signatory list of the Principles for Responsible Investment (PRI) selected Osaka Gas as one of the “Leaders” because of the high level of its COP.
10 principles of the UN Global Compact and related information in the CSR Report
In November 2010, the International Organization for Standardization (ISO) published ISO 26000, an international standard providing guidance for social responsibility. It offers guidance to social entities in identifying social responsibility and in putting it into practical application. Ahead of the release of ISO 26000, the Japan Economic Federation revised its Corporate Code of Conduct. Against the background of developments like these, in July 2011, we revised the Osaka Gas Group Code of Conduct to reflect several key points: respect for international norms including the laws of each country and region and human rights amidst global business activities; and promotion of action based on social responsibility in the supply chain.
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