Priority Theme 4: Collaboration with Business Partners

Priorities

  • Supply chain management (Society and Environment)

Affected Stakeholders

Directly:Business Partners, Local Communities
Indirectly:Shareholders and Investors, Creditors, Business Organizations

Reasons for being Priority Issues (Opportunity & Risk)

It essential to TOYO TIRE’ sustainable growth that we understand the impact of its activities on the supply chain and engage in resolving social issues faced by the supply chain, as a global company. In addition, we believe that it is only through a sound supply chain that we can deliver safer, more secure products and services to consumers. To this end, we position contributing to sharing the Group’s thoughts on sustainable procurement with business partners and solving global social problems throughout the supply chain as issues that should be addressed with priority.

Policies

We formulated the Toyo Tire Group’s Basic Purchasing Policies in order to comply with laws and regulations related to free competition and fair transactions in every country and region as well as pursuing appropriate quality and price through fair transactions.
“TOYO TIRE Group CSR Procurement Guidelines” were also established. We will promote sustainable purchasing in collaboration with business partners, the goal of which is to reduce, prevent, and minimize the negative impact that business activities have or could have on the environment or society and simultaneously raise corporate value and competitiveness. We will also secure stable supplies.

Toyo Tire Group Basic Purchasing Policies

  • Compliance
    Comply with applicable laws, regulations, and social norms and strictly maintain confidentiality in all purchasing activities.
  • Partnership
    Build and maintain an honest, healthy, and cooperative relationship with suppliers as equal partners.
    Aim for mutual growth and development through enhanced communication and stronger bonds of mutual trust.
  • Transparent and fair trade
    When selecting suppliers, assess them from a comprehensive standpoint that takes into account their willingness to share and collaborate on CSR initiatives as well as on quality, price, delivery, and sustainable supply capacity.
  • Environmental responsibility
    Promote purchasing activities that also aim to reduce impact to the global environment.

TOYO TIRE Group CSR Procurement Guidelines

Ideal Status in 2020

Entire supply chain engaging in CSR activities

TOYO TIRE’s SDGs (Ideal Status in 2030)

We will contribute to create a society where ethical consumption is standardized by building a sustainable supply chain through cooperation with stakeholders.

Goals

We share our sustainable purchasing policy with all business partners and efforts are made to ascertain conditions throughout the supply chain and conduct fair transactions.

Responsibilities (April 2020)

Corporate Officer & Vice President of Business Headquarters

Activity Promotion System (April 2020)

Activity Promotion System

TOYO TIRE belongs to the following trade associations:

Grievance Mechanism

  • Reporting Hotline (Creating an Internal Control System) *Targets: Employees, Business Partners
  • Customer Relations Department *Targets: Customers, Local Communities
  • Inquiry Form (on the Website) *Targets: Customers, Shareholders and Investors, NGOs
  • Consultation Desk for Compliance with the Antimonopoly Act *Targets: Employees

Activities in 2019