Olympus Group Procurement Policy
| Striving to realise better health and welfare for people by being an integral member of society, sharing common values, and proposing new values through our business - this concept, called Social IN, is the management philosophy for all corporate activities of the Olympus Group (hereinafter Olympus). Based on the concept of Social IN, we hereby adopt this Olympus Group Procurement Policy for the procurement of materials and services to be used for the production of Olympus products, which is applicable to all Olympus group companies globally. |
| 1. Compliance with Laws, Regulations, and Social Norms |
| Olympus complies with applicable laws, regulations, and social norms including those concerning the prohibition of child labor and forced labor, anti-corruption and carries out corporate activities in a sound and fair manner. Olympus requests the suppliers of materials and services to be used for the production of its products to do the same. |
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| 2. Green Procurement and Consideration for the Environment |
| In establishing green procurement standards in line with its Environmental Charter (the Environmental Protection Declaration and the Guidelines for Environmental Action), and in its procurement activities, Olympus endeavors to achieve a society with a sound environment and capable of supporting sustainable development. |
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| 3. Promotion of Fair and Impartial Trade |
| Olympus opens its door wide to suppliers and future suppliers all over the world. Olympus conducts fair and impartial trade with its suppliers according to the policies and procedures disclosed to suppliers. |
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| 4. Selection of Suppliers |
| Olympus selects suppliers based on a comprehensive judgment of key elements for the appropriate procurement, including the management of compliance with laws, regulations, and social norms; environmental considerations; quality and safety assurance and stable supply; management stability; technical capability; security of information; respect for the intellectual property of other parties; compliance with the designated delivery date and appropriate pricing. |
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| 5. Reinforcement of Partnership with Suppliers |
| Olympus endeavors to establish and maintain a relationship of trust with suppliers based on mutual understanding. |
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| 6. Prohibition of Acceptance of Private Interests |
| Olympus prohibits its employees from accepting any improper private gift, benefit or entertainment from suppliers. |
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