GS Yuasa to Participate in United Nations Global Compact
GS Yuasa Corporation (Tokyo Stock Exchange: 6674; “GS Yuasa”) announced that it signed the United Nations Global Compact (“UNGC”) advocated by the United Nations and was registered as a participant as of April 1, 2018.
UNGC is an international initiative under which companies and organizations demonstrate responsible and creative leadership in acting as a good citizen of the society to realize sustainable growth, and more than 13,000 companies and organizations participate in it. GS Yuasa endorses the principle of UNGC, the values of which is shared by its own Philosophy, “We are committed to people, society and the global environment through innovation and growth of our employees and business entities,” and declares its support for the initiative.
Expanding its business globally, the GS Yuasa Group will further promote the Ten Principles in the four fields sought by UNGC and fulfill its social responsibilities as a corporate citizen.
The Ten Principles of the United Nations 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 labour;
Principle 5: the effective abolition of child labour; 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.