IWAKI Co., Ltd. Procurement Policy
IWAKI Co., Ltd. (hereinafter, “Iwaki”) will promote procurement activities in line with the following in order
to contribute to achieving a sustainable society, based on our company pledge of “to always be at the forefront ofefforts to advance development in the global markets, industries and communities where we operate while building
trust with, and contributing to the happiness of everyone we interact with.”
1. Respect for Human Rights
In accordance with Iwaki’s Human Rights Policy, we shall respect human rights in every aspect of procurement,and eliminate all actions that infringe on human rights, such as discrimination based on sex, race, religion, and soon.
2. Preparation of a Labor Environment
In accordance with Iwaki’s Human Rights Policy, we shall prohibit inappropriate labor such as child labor orforced labor, and ensure a safe and healthy labor environment.
3. Responsible Mineral Procurement
Mineral resources (tin, tantalum, tungsten, gold, etc.) mined from high-risk areas or conflict regions such as theDemocratic Republic of the Congo and its neighboring countries have the risks of contributing to armed insurgents,
human rights violations, environmental destruction, corruption, and more.
Iwaki shall promote initiatives to avoid the use of conflict minerals such as by responsible requests to andinvestigation of mineral sources, including checking whether there are any of the risks of human rights violations
related to mining, transportation and trade, direct or indirect support for non-state armed groups, as well as thoselisted in Annex II of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from ConflictAffected and High-Risk Areas; and shall work on taking corrective actions such as requesting our business partners
to change their procurement sources or stopping usage in the event that serious risks related to the use of conflictminerals are confirmed.
4. Environmental Conservation
In accordance with Iwaki’s Quality and Environment Policy, we are working on the conservation of the global
environment through reducing the environmental impact of our manufacturing bases and designing
environmentally-friendly products. In addition, we are conscious of prioritizing materials, etc. with lower
environmental impacts from our business partners who are environmentally conscious (green purchasing), andpromote initiatives to conserve the global environment from the stage of purchasing materials and other items.
5. Quality Assurance
In accordance with Iwaki’s Quality and Environment Policy, we strive to steadily and promptly provide valuable
products and services that satisfy our customers and procure materials that meet our required standards such as
ensuring safety and high reliability.

6. Fair and Honest Trade, and Prevention of Corruption
We select our business partners fairly and appropriately without regard to nationality, region, business size, etc.,
and encourage free competition among them. We maintain sound relationships with politics and administration,
and work to prevent corruption in any form, including coercion and bribery.
7. Protection of Information and Intellectual Property
We shall appropriately manage and protect confidential information, personal information, and intellectual
property obtained through our procurement activities, and not obtain, use, or infringe on rights improperly orinappropriately.
8. Mutual Understanding and Mutual Trust
Iwaki shall comply with related laws and regulations, internal regulations, and other Iwaki regulations, andstrive to deepen mutual understanding with our business partners and construct relationships of trust with themwith the goal of becoming a company that can be trusted by our partners.
Established: August 16, 2023

Requests for Our Business Partners
We ask for your understanding of Iwaki policy regarding procurement and your cooperation with the following
matters.
1. Respect for Human Rights
We ask for your understanding of Iwaki’s Human Rights Policy and that you will both respect human rights inyour business activities and comply with each of the following:・ Prevent actions that infringe human rights such as discrimination
・ Actively work on remedies for human rights violations
・ Refrain from dealing with suppliers who create human rights violations, etc. and encourage the protectionof human rights among suppliers
2. Preparation of a Labor Environment
We ask for your understanding of Iwaki’s Human Rights Policy and that you will strive to both ensure a safeand healthy labor environment in your business activities and to comply with each of the following:・ Prevent improper labor such as child labor or forced labor
・ Pay appropriate wages, etc.
・ Manage labor hours appropriately
・ Respect the freedom of assembly and the rights of group negotiation
3. Responsible Mineral Procurement
We ask that you conduct responsible investigation of mineral sources, including checking whether there are anyof the risks of human rights violations related to mining, transportation and trade, direct or indirect support for
non-state armed groups, as well as those listed in Annex II of the OECD Due Diligence Guidance for Responsible
Supply Chains of Minerals from Conflict-Affected and High-Risk Areas, and stop the use of conflict minerals.
4. Environmental Conservation
We ask for your understanding of Iwaki’s Quality and Environment Policy and that you will strive to both carryout business activities that consider reducing environmental impacts and conserving the global environment, andto comply with each of the following:・ Activities to reduce environmental impacts at production sites
・ Provide environmentally-friendly products and materials based on green purchasing
5. Quality Assurance
We ask for your understanding of Iwaki’s Quality and Environment Policy and that you will comply with eachof the following:・ Sustainably provide products, services, and materials that meet the specifications, quality, and safety
standards required by Iwaki
・ Build, maintain, and improve a quality management system

6. Fair and Honest Trade, and Prevention of Corruption
We ask that you prohibit all forms of corruption including coercion and bribery in procurement, and do not
maintain any relationships with anti-social forces.
7. Protection of Information and Intellectual Property
We ask that you both value the management and protection of confidential information, personal information,and intellectual property and that you will comply with each of the following:・ Appropriately manage and prevent leaks for confidential information, personal information, andintellectual property of third parties such as clients as well as of your company
・ Do not improperly or inappropriately obtain or use, or otherwise infringe on rights regarding confidential
information, personal information, and intellectual property of third parties such as clients・ Build, maintain, and improve a system to protect confidential information, personal information, andintellectual property
8. Compliance with Other Iwaki Policies
We ask for your understanding of each of the following Iwaki policies and that you will both respect and comply
with their contents in your business activities, including with Iwaki.
・ Basic Policy for Compliancehttps://www.iwakipumps.co.jp/en/company/compliance.html
・ Basic Policy for Sustainability
https://www.iwakipumps.co.jp/en/sustainability/policy/policy.html
・ Human Rights Policy
https://www.iwakipumps.co.jp/en/company/human-rights-policy.html
・ Quality and Environmental Policy
https://www.iwakipumps.jp/corporate/csr/
・ Commitment to Security Trade Control
https://www.iwakipumps.jp/en/corporate/security_trade_control/・ Disclosure Policy
https://www.iwakipumps.co.jp/en/ir/disclosure.html
・ Personal Information Protection Policy (Privacy Policy)
https://www.iwakipumps.co.jp/en/privacypolicy.html
Established: November 6, 2023