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June 06. 2007
Osaka Gas announced its participation in the United Nations Global Compact as part of its commitment to furthering its corporate social responsibilities. Osaka Gas was officially registered as a participant on June 1.
The Global Compact sets forth the ten principles businesses should observe in the four areas; human rights, labor standards, environment, and anti-corruption. It is an initiative advocated by then Secretary-General of the United Nations, Mr. Kofi Annan, in January 1999, and initiated at the UN Headquarters in July the following year. Participants in the Global Compact, through its support and practice of the ten principles, voluntarily play their role as good corporate citizens.
There are currently over four thousands business participants in the initiative around the world including some 50 Japanese businesses. Osaka Gas has become the first participant from the Japanese utility industry.
Osaka Gas pursues its management principle of maximizing value for customers and creating value for stakeholders, including shareholders, society, and employees, through fair and transparent business practices. The company believes that its commitment to its management principle should translate into fulfilling its corporate social responsibilities (CSR). To clarify its position in this regard, Osaka Gas established in April 2006 its CSR Charter and the organization for pursuing its CSR objectives. The company's participation in the UN initiative gives momentum to its work to further its responsibilities as a good corporate citizen and to practice the ten principles in every facet of its business activities.
The ten principles of the Global Compact
|Principle 1:||Businesses should support and respect the protection of internationally proclaimed human rights; and|
|Principle 2:||make sure that they are not complicit in human rights abuses.|
|Principle 3:||Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;|
|Principle 4:||the elimination of all forms of forced and compulsory labor;|
|Principle 5:||the effective abolition of child labor; and|
|Principle 6:||the elimination of discrimination in respect of employment and occupation.|
|Principle 7:||Businesses should support a precautionary approach to environmental challenges;|
|Principle 8:||undertake initiatives to promote greater environmental responsibility; and|
|Principle 9:||encourage the development and diffusion of environmentally friendly technologies|
|Principle 10:||Businesses should work against corruption in all its forms, including extortion and bribery.|