Fair Competition and Business Practices
Fair Competition and Business Practices
Basic Stance on Transactions
Hitachi Construction Machinery Group strives to conduct fair transactions with its business partners with the aim of continuing honest and fair business activities.
Basic Stance on Procurement and Purchasing
Hitachi Construction Machinery Group established the Procurement Policy and Guidelines for Procurement Activities, which we are widely disclosing over the Internet to the rest of the world.
In 2006, in addition to conventional items, we clearly stated our heavy emphasis on items such as legal compliance, environmental preservation, human rights and consciousness about the labor environment, and the sharing of social responsibility awareness with our business partners. In 2010, we also revised our basic policy and guidelines.
In November 2017 in order to reinforce compliance efforts, we revamped procedures for internal audits. These rigorous audits are carried out on new procurement partners and include provisions in consideration of environmental and social criteria, such as anti-bribery measures.
Procurement Policy Implementation of Fair Transactions with Procurement Partners
In order to ensure fair trade, we are focusing on internal audits of purchasing operations and compliance training for employees. Purchasing operations are self audited twice a year, and internal audits are conducted based on the annual audit plan within Hitachi Construction Machinery Group to increase the transparency of purchasing operations.
Furthermore, we provide education and training on the Subcontract Act for all employees involved in purchasing operations.
In FY2024 and beyond, we will continue to carry out transaction audits and provide legal compliance training to employees.
