Sustainable Procurement | Seiko NPC Corporation

Procurement Policy

We adhere to the Seiko Group Procurement Policy and Seiko Group Procurement Guidelines established by our parent company, Seiko Group Corporation, and work with our suppliers to promote sustainable procurement activities.

Seiko Group Procurement Policy

The Seiko Group will fulfill its social responsibilities by contributing to the realization of a sustainable society through the implementation of our corporate philosophy – creating “A future filled with smiles all over the world” and of being “A company that is trusted by society.” To this end, the Group has established three key aims for its procurement policy: 1) Coexistence and co-prosperity with business partners; 2) Promoting procurement activities with proper consideration for the environment, society, and corporate governance; and 3) Fair and impartial selection of business partners.
The Group will expand its procurement activities globally based on these three policy aims, which are described in greater detail below.

Coexistence and co-prosperity with business partners: The Seiko Group and its business partners aim to build a relationship of mutual trust over the long term. It is our goal to continue to prosper together by helping each other.

Promoting procurement activities with proper consideration for the environment, society, and corporate governance

We will respect global social norms and work together with our business partners to promote responsible procurement activities that involve proper consideration for the environment, society, and corporate governance.
We will promote procurement activities that take into consideration the following factors (among others):

Compliance with laws, regulations, and social norms
Respect for human rights
Protection of occupational safety and health
Promotion of global environmental conservation
Promotion of business continuity planning (BCP)
Prohibition of bribes (including illegal gifts, payments, and benefits) to any stakeholder

Fair and impartial evaluation of business partners

We respect “fair, transparent, and free competition,” which is a fundamental rule of a freely competitive society, and we evaluate our business partners based on the following criteria:

The partner must be active in environmental, social, and corporate governance initiatives
The partner must be highly trusted as a company (Stable business conditions, appropriate risk management system, etc.)
The partner must have technological capabilities that can contribute to Seiko Group products
The quality, price, and delivery times of the items procured must be at appropriate levels.

We will conduct comprehensive evaluations based on these and other criteria

We aim to improve the value of our entire supply chain by conducting business in accordance with this Seiko Group Procurement Policy.

Procurement Guidelines

Seiko Group Procurement Guidelines

Initiatives Pertaining to Conflict Minerals

The issue of conflict minerals has become a major international problem.
We believe it is important to respond appropriately to this issue, and in accordance with the Seiko Group Responsible Minerals Procurement Policy established in November 2023, we will proceed with group-wide efforts to identify, evaluate, and mitigate risks.

Seiko Group Responsible Mineral Procurement Policy

Mineral resources (such as tin, tantalum, tungsten, gold, etc.) mined in conflict-affected and high-risk areas (CAHRAs) carry inherent risks, including potential involvement with armed groups, human rights violations, environmental degradation, and corruption.
Our Group is committed to promoting responsible mineral procurement in accordance with the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. We aim to ensure that our activities do not contribute to conflicts, human rights violations, or any related issues.

We will establish an internal management system for responsible mineral procurement.
We request our business partners to procure minerals in compliance with the Responsible Minerals Assurance Process (RMAP).
Using the Responsible Minerals Initiative (RMI) questionnaire, we will examine the supply chain, including identifying the origin of minerals and refining facilities.
If this investigation reveals significant risks, we will take corrective measures together with our business partners, such as requesting changes in the supply chain.
We will ensure appropriate disclosure of information to stakeholders regarding our efforts in responsible mineral procurement.

We ask our business partners to actively collaborate with the Seiko Group in our commitment to responsible mineral procurement.