Prevention of corruption
The Mitsubishi Chemical Group is vigorously pushing ahead with the globalization of its business activities to drive sustainable growth together with stakeholders worldwide. Notably, the Group handles numerous types of materials that are used in infrastructure that underpins social prosperity. For this reason, the Group's business activities and supply chains now extend beyond developed countries to certain emerging countries and regions where legal systems are still being developed. The Mitsubishi Chemicals Holdings Group is determined to conduct fair business practices in any country or region around the world. To this end, guided by its basic regulations, the Group is working to implement bribery prevention measures and measures against anti-social forces, along with conducting awareness-raising and training activities to enhance knowledge of antitrust laws and other rules, and establishing standards and rules to maintain fairness. The Mitsubishi Chemical Group also recognizes that one of our corporate social responsibilities is to return profits from business successes to local societies in the form of taxes. As such, we make our tax payments in keeping with the spirit and letter of local legislation and a desire to contribute to local societies in all areas where we have operations.
Anti-Bribery and Corruption
In 2006, the Mitsubishi Chemical Group pledged its support for the United Nations Global Compact. Accordingly, we are striving to comply with the 10 Principles of the United Nations Global Compact, including Principle 10, which states that "Businesses should work against corruption in all its forms, including extortion and bribery." In 2014, we compiled the Mitsubishi Chemical Group Global Anti-Bribery Policy. We will take measures to ensure not only adherence to the relevant laws in each country, but also to prevent bribery from a global perspective.
The Mitsubishi Chemical Group conducts regular in-house training to prevent corruption and bribery, with efforts focused particularly on on-site training in Asia.
Anti-Trust and Unfair Trade
The Antitrust Act is made up of three main principles, which are the prohibition of private monopolization, the prohibition of unreasonable restraints on trade such as cartels and bid-rigging, and the prohibition of unfair trade practices. The Act aims to promote the development of market economies through free and fair competition and is a fundamental rule to comply with in conducting business activities. The Mitsubishi Chemical Group deeply understands the importance of compliance with the Antitrust Act and is working to ensure this compliance.
Implementation and Compliance with Regulations
Operating companies implement and comply with relevant regulations such as fair trading standards, Antitrust Act compliance manuals, and rules for attending the meetings of industrial groups.
Management and Oversight of Antitrust Act Compliance
Operating companies manage and oversee Antitrust Act compliance primarily by convening meetings of the Antitrust Act Compliance Subcommittee, a special subcommittee of the Compliance Promotion Committee.
Conducting Workshops and Lectures
Operating companies conduct workshops and lectures led by lawyers and others experts regarding the Antitrust Act. Operating companies also encourage employees to improve their awareness and knowledge of the Antitrust Act through e-learning programs.
Measures against Anti-Social Influences
The Mitsubishi Chemical Group promotes avoidance of relationships with anti-social forces throughout the organization, from management to all employees.
Training and Awareness-Raising Activities for Employees
The Mitsubishi Chemical Group conducts regular training and awareness-raising activities for employees.
Gathering of Information Regarding Anti-Social Forces and Checks on Business Partners
Through close partnerships with relevant administrative organizations and others, the Mitsubishi Chemical Group gathers information regarding anti-social forces and performs checks on its business partners.