Supplier Relations

Basic Approach

The Furukawa Company Group aims to build and maintain mutually beneficial and reciprocal trust-based relationships by exchanging information with suppliers and otherwise emphasizing communication. Here, we adhere to the principles of fairness and impartiality, comprehensive economic rationality, and the spirit of compliance with laws and confidentiality as set out in the Furukawa Company Group Basic Procurement Policies. At the same time, we collaborate with suppliers to encourage procurement activities that take CSR into consideration.
In addition, we are making efforts to procure copper ore from mines outside Japan in ways that consider the environmental impacts, labor problems, and other issues.

Material Procurement

Furukawa Company Group Basic Procurement Policies

1. Principles of fairness and impartiality

  • The Group aims to conduct fair and impartial procurement activities in Japan and overseas irrespective of management scale.
  • We base selection of suppliers on overall economic rationale, including factors such as price, quality, performance, delivery speed, stable procurement, and consideration for the environment.

2. Mutual prosperity

  • The Group aims to create relationships that result in coexistence and mutual prosperity by treating suppliers as equal partners.

3. Compliance and confidentiality

  • The Group complies with relevant laws and conducts sensible transactions when conducting purchasing activities.
  • We do not disclose confidential information obtained through transactions to third parties without consent.

4. Promotion of procurement activities that are conscious of CSR

  • The Group promotes procurement activities that are conscious of CSR.
  • *In principle, the Company engages in direct transactions with manufacturers.
    However, if a manufacturer does not, in principle, conduct direct transactions, or if an agent is able to provide more favorable conditions than buying directly from the manufacturer, transactions may be conducted with an agent. Such instances are limited to primary agents that are able to conduct direct transactions with the manufacturer.