ESPEC Quality is more than a word

MENU

For Suppliers: Procurement Activities

Basic Policies on Procurement

1. Openness

We intend to purchase materials from a broad range of sources, be they in or outside of Japan, in order to purchase high-quality, economical and safe materials as per appropriate schedules of delivery.

2.Compliance with Legal Regulations

Our business transactions are conducted in compliance with all relevant laws and regulations of the country or region in which we are doing business. We also require that our business partners comply with those laws and regulations as well as prohibit child, forced labor, and discrimination, and ensure a safe, clean work environment.

3.Green Purchasing

Recognizing that environmental protection is one of the most important global issues and a basis for responsible corporate management, we make efforts to prevent environmental pollution and actively engage in green purchasing. As part of this initiative, we give priority to suppliers who implement ambitious environmental conservation initiatives, and we support those initiatives in any way we can. We also prioritize the purchase of materials that have a small environmental load and that do not contain designated hazardous materials.

4.Fairness and Impartiality

We select suppliers in a fair and impartial fashion based on economic rationality and in all-around consideration of not only compliance with laws and regulations but also quality, price, delivery time, green procurement activities, after-sale support, technological advantage, management condition, etc.

5.Mutual Trust

We hope to build relationships of mutual trust with our suppliers and realize mutual growth through fair transactions. Therefore, we communicate with our suppliers in a fair and sincere fashion, never disclosing confidential information that we obtain through our purchase operations unless prior consent is given. We require the same consideration from our suppliers.

Responsible Mineral Procurement Policy

At ESPEC, we are committed to ensuring transparency in our supply chain in order to provide reliable information to our customers. We strive to avoid the use of conflict minerals (tin, tantalum, tungsten, gold) and minerals considered high risk, such as cobalt, which may be used to finance armed groups involved in civil wars and conflicts resulting in serious human rights abuses. Should any such minerals be found in any of our parts or other components, we will take appropriate action.

We recognize the importance and significance of the US Financial Regulatory Reform Act (Dodd-Frank) Section 1502 and the Organization for Economic Cooperation and Development (OECD) Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict and High-Risk Areas. These regulations aim to restrict or prevent trade of conflict minerals and other minerals originating from conflict and high-risk areas, and to cut off sources of funding for armed groups that commit human rights abuses and other violations. We take the impact of our business activities on society and the environment seriously and are committed to fulfilling our corporate social responsibility.

ESPEC does not directly source conflict minerals or minerals considered high risk from metal smelters or other sources in conflict zones. However, due to their nature, metals refined from these minerals are commonly used in manufacturing and may be present in parts and components used in our products. To mitigate this risk, we use internationally recognized tools such as the Conflict Minerals Reporting Template (CMRT) provided by the Responsible Minerals Initiative (RMI) to identify potential issues. We also ask that our suppliers procure minerals only from smelters compliant with the Responsible Minerals Assurance Process (RMAP).

(Developed January 26, 2024)