In June 2015, TEL joined the RBA, an industry consortium that addresses global CSR challenges. To ensure that our business practices in the fields of labor, health and safety, environment and ethics are in full compliance with the RBA Code of Conduct, we have put in place a comprehensive management system for our CSR initiatives. We are also collaborating with other RBA members and experts to create a business environment conducive to the industry-wide fulfillment of CSR.
TEL has an internal ethics code and related policies that are designed to comply with the relevant laws and regulations of the countries concerned, various international standards, and the RBA Code of Conduct. The company also periodically ascertains the progress of its initiatives by evaluating its business processes. Specifically, we use the self-assessment questionnaire (SAQ) format provided by the RBA to assess performance and correct any problems, both at our corporate headquarters and our major locations worldwide.
The results of the assessment are periodically reported to the presidents of the local group companies, and the corporate management team monitors the group-wide measures for improvement as well as the progress and problems of each initiative. Once key issues have been identified, the CSR Promotion Administration Division and related divisions periodically monitor the corrective process to ensure business operation improvement.
Thanks to these measures, no human rights violations, such as child labor or forced labor, occurred at TEL in fiscal year 2019, and no ethical risks to the soundness of its ongoing business operations were found.
TEL Group will continue to improve its operations in compliance with the RBA Code of Conduct, and resolves to engage in socially responsible activities and to promote CSR throughout the industry.