Supply chain management

Our Approach to Supply Chain Management

We aim to create a sustainable society in our supply chain while fostering trusting relationships with all our suppliers. In our procurement practices, we conduct fair transactions that are ethical and legally compliant. We promote environmentally and socially responsible procurement activities and are committed to delivering high-quality products and solutions.

Sustainable Procurement Policy

1. Partnership and Mutual Prosperity

We aim to build long-term relationships based on trust, mutual understanding, and cooperation with all suppliers to foster a sustainable society throughout the supply chain and achieve shared prosperity.

2. Fair and Equitable Transactions

In our procurement activities, we ensure that all suppliers have the opportunity for fair and equitable competition. Suppliers will be selected based on a comprehensive evaluation of their technical capabilities, quality, pricing, delivery timelines, legal compliance, management practices, environmental friendliness, and other relevant factors.

3. Legal Compliance and Ethics

We are committed to understanding and complying with domestic and international laws, regulations, and social norms. We will conduct all transactions with suppliers in an ethical and responsible way.

4. Human Rights, Labor, and Health and Safety

We respect human rights and diversity and inclusion while striving to eliminate discrimination against all suppliers. Our procurement activities will take into account labor conditions, as well as health and safety standards.

5. Environment

We conduct procurement activities with a focus on environmental sustainability, including energy conservation, resource conservation, waste reduction, and the purchase of eco-friendly products. Our goal is to reduce and mitigate environmental impacts, particularly in addressing climate change, in partnership with our suppliers.

6. Safety and Quality of Products and Solutions

Through our Quality Policy, we ensure that our procurement activities prioritize the safety and quality of our products and solutions.

7. Information Security

In alignment with our Basic Policy on Information Security, we strictly protect the confidentiality of all suppliers' confidential and personal information. We maintain ongoing risk management and conduct procurement activities with a strong commitment to ensuring information security.

TOYO Corporation Sustainable Procurement Guideline

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