Introduction

Risk Management Committee

Basic approach

International principles and guidelines
for conduct supported by the IDEC GroupInternational Labor Organization (ILO)
Declaration on Fundamental Principles and Rights
at Work, Children’s Rights and Business Principles
 he Responsible Business Alliance (RBA)T
Code of Conduct

Human Rights
Subcommittee

Process for addressing human rights
During FY2024, we clarified our procedures for implementing
actions that address and promote human rights. Goingforward, we will continue to promote various initiatives inline with these procedures.

Establishment of policies

FY2024
Formulation of the IDEC Human Rights Statement and revision of the IDEC Human Rights Policy
Disclosure of the statement and the policy on the website in Japanese, English and Chinese(simplified and traditional)

Assessment of impacts
on human rights

FY2025Assessment of impacts on human rights
Identification of high priority human rights issues
Enhancement of CSR self-assessment to suppliers, and implementation of internal humanrights assessment in light of high priority human rights issues

Preventive andcorrective measures (plan)

Promotion of specific efforts to implement preventive and corrective measures for identified
high priority human rights issues

 onitoring of the status after the implementation of preventive and corrective measuresM upervision by the Board of Directors and Risk Management Committee
SDisclosure ofinformation (plan)

Disclosure of initiatives on the IDEC website and integrated report (IDEC Report)

Related material issue

Business foundation
Major sustainability KPIs (FY2023-2025)

63 IDEC Report 2024

Establishment of a human rights
remedy mechanism (plan)Establishment of a grievance mechanism for internal and external stakeholders to address
negative impacts on human rightsData andCompany Overview

 uman rights and compliance training attendance rate:H
100% (Japanese group companies)

Foundation for
Value Creation

Monitoring (plan)

Business Strategy

 nited Nations Guiding Principles on Business andU
Human Rights

BCP
Subcommittee

Process for addressing human rights

Human rights due diligence

The Ten Principles of the United Nations Global Compact

Risk
Monitoring
Subcommittee

Initiatives for
Realization of Vision

Since our foundation, we have embraced “managementwith respect for humanity” and developed our business byconsidering the human rights of the employees working inthe IDEC Group, and indeed all stakeholders.

HotlineContact

Value Creation Story

Management with respect for humanity

We established a Human Rights Subcommittee within theRisk Management Committee, a specialized committee ofthe Sustainability Committee chaired by the CEO in 2024.
The Human Rights Subcommittee, working under theexecutive officer in charge of strategic planning, monitors
the status of initiatives and activities concerning humanrights globally, clarifies action items, and implements them incoordination with related functions as necessary.
The details of activities are deliberated over and reported
to the Sustainability Committee under the supervision of theBoard of Directors.

Message

Respect for
Human Rights

Since the founding in 1945, the IDEC Group has advocated“management with respect for humanity,” and has positioned
this as the foundation of our every action in “The IDEC Way,”
our corporate philosophy. We respect humanity and endeavor
to avoid discrimination of any form, including on the basisof race, skin color, age, gender, sexual orientation, gender
identity, sexual expression, ethnicity, nationality, disabilities,
pregnancy, religion, political party affiliation, labor union
affiliation, experience with military service, protected genetic
information, and marital status.
As a company engaged in business globally, we support
international principles and norms including the United Nations
Guiding Principles on Business and Human Rights, work to
respect human rights, and recognize the need to mitigate or
prevent any adverse impacts our corporate activities have on
the human rights of various stakeholders.
We have established a Human Rights Policy to ensurethat all people involved with the IDEC Group have a strong
awareness of human rights and contribute to the sustainable
development of society. We newly formulated the IDEC HumanRights Statement and revised our Human Rights Policy in2023. We expect all business partners including our suppliers
to understand and support this policy, and we continuallyencourage our business partners to respect it.

Implementation structureIntroduction

Respect for Human Rights

Assessment of impacts on human rights

Human rights issues and stakeholders that may be negatively impacted

Human rights items

The IDEC Group prohibits all forms of forced labor and childlabor including slavery and human trafficking in the IDEC HumanRights Policy. This also applies to the supply chain. In the IDECGroup CSR Procurement Guidelines, we prescribe a prohibition
on forced labor including slavery and human trafficking andrequire our suppliers to comply with those stipulations.

Impacted stakeholders
Employees

Supply chain

Customers

Local communities
and society

Freedom of employment
Prohibition of child labor and the protection of young workers

Human rights education and training

Fair wages & benefits
Elimination of discrimination/harassment
Freedom of association
Occupational health & safety
Protection of personal information & privacy

Human rights-related training

Human rights issues related to technology and AI

Employees
Fair working hours

Failure to provide employees with leave essential for safety, health problems due
to long working hours, and work outside statutory working hours

Elimination of discrimination/harassment

Lack of consideration for minorities and diversity, and human rights violations due
to various forms of harassment

Occupational health & safety

Accidents and adverse physical, mental or cognition impairment caused byworking environmentS upply chain
Forced labor, human trafficking, retention of foreign workers’ passports to deprivethem of freedom of movement, and the violation of freedom to change jobs

Prohibition of child labor and the protection of young workers

Failure to verify the age of young workers, damages to children’s health and safety,
and disruption of their growth and learning

Other issues related to the work environment in general

Health problems due to long working hours, accidents due to work environment,
leaking of personal information

Customers
Protection of personal information & privacy

Improper collection, leaking, and unconsented use of personal information

Elimination of discrimination/harassment

64 IDEC Report 2024

Lack of consideration for minorities and diversity, and human rights violations due
to various forms of harassment

Anti-harassment
training

Compliancetraining

Child labor

Occupationalsafety & health

Various types ofharassment

Bribery andcorruption

Forced labor

Human rights issues
including gender andsexual minorities

Human rights issues
related totechnology and AI

Privacy rights

Human rights issues
in supply chains

Human rights issues
related to the environmentand climate change
Other issues

Discrimination
Excessive orunreasonable
working hours

Other issues
Data andCompany OverviewLocal communities and society

Occupationalsafety &health training

Foundation for
Value Creation

Freedom of employment

Human rights training

Business Strategy

Examples of high priority human rights issues (Tier 1) and possible negative impact

Initiatives for
Realization of Vision

In position-based training for new graduate hires, mid-careerhires and promoted employees, we conduct human rights
training and workshops based on the United Nations Guiding
Principles on Business and Human Rights.
As human rights-related training that broadly covers

Fair working hours

areas of human rights to be respected by companies, we
provide education and training that incorporates human rights
themes into anti-harassment training, compliance training andoccupational safety & health training.
We conducted video-based anti-harassment training andcompliance training for our Japanese group companies in
FY2024. The attendance rates were 100% for anti-harassment
training and compliance training respectively. In conjunction
with the training, we are also distributing IDEC Group
Harassment Case Cards to employees with subordinates,
to foster correct knowledge about harassment and prevent
it from happening. We plan to expand human rights-related
training globally in the future.
We have also posted videos on forced labor and childlabor, and a checklist to confirm the relationship between
human rights and our business on our corporate intranet, aspart of efforts to promote understanding and raise awarenessof human rights issues among employees.

Value Creation Story

Tier 1: High priority human rights issues
Tier 2: Risks that need addressing

Prohibition of forced and child labor

Message

The Risk Management Committee’s “Human Rights
Subcommittee” has identified and assessed potential negative
impacts on human rights within our value chain that could

be caused by the IDEC Group’s business decisions andoperations. Human rights items below are based on “Humanrights items significant to the IDEC Group” in the IDEC HumanRights Statement. Going forward, we will formulate policies
that outlines the implementation of preventive and corrective
measures to address these high priority human rights issues.

Introduction

Respect for Human Rights

IDEC Human Rights Statement

1 Freedom of Employment
2 Prohibition of Child Labor and the Protection of Young Workers
3 Fair Working Hours
4 Fair Wages & Benefits
5 Elimination of Discrimination/Harassment
7 Occupational Health & Safety
8 Protection of Personal Information & Privacy
9 Human Rights Issues Related to Technology and AI

Scope of Application

Human rights items significant to the IDEC Group

65 IDEC Report 2024

Application & Observations of Laws
The IDEC Group complies with all applicable laws andregulations of its operating countries and regions. In theevent that the laws and regulations of a country or region is incontradiction of internationally recognized laws and regulationsof human rights, the IDEC Group will seek to prioritize andadhere to those internationally recognized.

Grievance Mechanism
In addition to the IDEC Hotline for IDEC Group employees,
the IDEC Group will establish a report desk that those within
the company such as employees and those outside such assuppliers, business partners, members of the local community,
and stakeholders can use. By creating the report desk, theIDEC Group aims to quickly identify concerns including

The IDEC Group will conduct appropriate education andtraining for all officers and employees to raise awarenessof this policy within the company. Additionally, to integrate
this policy effectively into the company’s business activities,
it will be reflected in relevant policies, procedures, and itsoperations. The IDEC Group will also develop the capabilities
of its personnel to ensure the effective implementation of“human rights due diligence,” and strive for a commitment
to human rights throughout the supply chain by ensuringthat suppliers and business partners are fully aware of thecontents of this policy.

Human Rights Policy Process and Review
The IDEC Group will continue to take into consideration societaltrends, changes in the business environment, and dialogues
with stakeholders, to periodically review this policy and strive
to enhance efforts in respecting human rights.
More information is available here.

https://us.idec.com/social/human-rights

Data andCompany Overview

At the time of creating this policy, the IDEC Group considers
the following human rights items to be of particular importancein reference to our business.

In the unlikely event that the IDEC Group’s business activities,
products or services have a negative impact on the human rightsof our customers, local communities, or our stakeholders, theIDEC Group will provide relief/aid via appropriate procedures.
If a business partner of the IDEC Group, including suppliers,
is found to have a negative impact on the human rights of ourstakeholders in connection with the IDEC Group’s businessactivities, products or services, the IDEC Group will exercise
its influence over the business partner, and by doing so, seek
to provide relief for those affected.

Awareness and Education

Foundation for
Value Creation

The IDEC Group is fully committed to the respect for humanrights in adherence with the United Nations “Guiding Principles
on Business and Human Rights” and its referencing rules“International Bill of Human Rights” and the International Labour
Organization (ILO) “Declaration on Fundamental Principles andRights at Work”, as well as “Children’s Rights and Business
Principles” and other international norms and principles relatingto human rights.

Remediation

The IDEC Group will implement the following process to ensure
the human rights due diligence is appropriately incorporated
into all aspects of its business, in accordance with the United
Nations Guiding Principles on Business and Human Rights.
The IDEC Group will identify, assess, prevent, and reduce
any negative impacts on human rights that may occur along thevalue chain as a result of the IDEC Group’s business decisions
and operations. Subsequently, the IDEC Group will track andevaluate the effectiveness of its responses and will periodicallydisclose these efforts through channels such as the website.
In conducting the above human rights due diligence, theIDEC Group will adhere to international norms and principles
related to humans rights mentioned above, and will also
comply with the Responsible Business Alliance (RBA) Codeof Conduct, standards, and procedures, which are international
CSR standards for the supply chain of electronic components.
In situations involving stakeholders where the IDEC Group
cannot control decision-making, the IDEC Group will continue
to exert its influence to ensure that the policy is respected andwork to avoid complicity in human rights abuses.

The IDEC Group recognizes the importance of addressing
the negative impacts on human rights from the perspective ofindividuals or groups affected. Therefore, the IDEC Group will
make efforts to engage in direct dialogue with the affected groups
or via a legitimate representative, such as NGOs, while additionally,
considering the opinions of external experts in its efforts.

Business Strategy

Commitment to the Respect for Human Rights

The preceding list of human rights items is not exhaustiveand is subject to updates in accordance with the resultsof human rights impact assessments under due diligence
continuously implemented based on the policy.

Human Rights Due Diligence

Stakeholder Engagement

Initiatives for
Realization of VisionThis policy is applicable to all personnel of IDEC Corporation
and IDEC Corporation Group Companies (hereinafter referred toas the IDEC Group) across all levels of employment; executives,
fixed term/part-time employees, temporary employees, andcontract employees (hereinafter referred to as employees).
In addition, the IDEC Group expects all business partners,
including suppliers, to understand and support the contentsof this policy. We will continue to encourage and ensure thatthey are following and respecting the policy.

The IDEC Group is committed to establishing a framework
for an internal “Human rights due diligence” system to fulfill
the responsibility of respecting and promoting human rights.
Furthermore, the IDEC Group will ensure the proper integrationof this policy into its business activities by reflecting it in humanresources, procurement and other related policies, procedures,and contents.

negative impacts on human rights at an early stage, enabling
us as a group to resolve the presented issues via necessary
procedures swiftly. Whistleblowers’ information and thecontents of their report will be kept confidential to protect
their identity, and thorough protection will be provided to avoid
any outcomes of unfavorable treatment or retaliation measuresagainst the whistleblower.

Value Creation Story

6 Freedom of Association

Governance

Message

The IDEC Group’s vision is to “Pioneer the new norm
for a safer and sustainable world.” We envision a safer
and more sustainable world, bringing happiness andpeace of mind for all. As we strive towards achieving
this vision, the IDEC Group also strives to make themost of its efforts to clarify its approach to respecting
human rights. We have established this Human Rights
Policy (hereinafter referred to as the “policy”) as an
upper-level guideline, incorporating the opinions ofexternal experts.