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

Conflict Minerals

TOYO Corporation has established guidelines in its “TOYO Corporation Sustainable Procurement Guideline,” stating that it will not use minerals (such as tantalum, tin, tungsten, gold, and others) that originate from conflict-affected and high-risk areas associated with human rights abuses, environmental destruction, corruption, and conflict.
In line with this policy, we actively investigate the use of conflict minerals in the products we offer and encourage our suppliers to adopt responsible mineral procurement practices. Additionally, we have a system in place to effectively respond to customer requests regarding the investigation of conflict minerals.

Contact point for suppliers

As part of its efforts to strengthen governance, the TOYO Group has established a "Reporting Desk for Procurement Compliance" with its business partners.

If you become aware of, or suspect, a violation of compliance (such as misconduct, violation of laws and ethics, or violation of human rights) in relation to the operations or officers and employees of the TOYO Group, please report it according to the following guidelines.

The contents of reports and consultations from business partners will be handled with full consideration for the privacy of the whistleblower or consultant, and personal information will not be disclosed to any department other than the corresponding department without the individual's consent.

In addition, the TOYO Group prohibits the disadvantageous treatment of whistleblowers, consultants, and their workplaces due to reporting or consulting, as outlined in its Internal Reporting Regulations.

A whistleblower contract has been established at the outsourced company, NEC VALWAY Co., Ltd. Employees of this company will handle the reception of reports. The information provided in these reports will remain confidential and will not be disclosed to any third party, except when required by law.

To find details on how to report, please click here.