IWAKI Co., Ltd. Human Rights Policy
IWAKI Co., Ltd. (“we”) understands that respect for the human rights of all people affected byour business activities is a prerequisite for our corporate philosophy, “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.”
We have established this policy based on the United Nations’ Guiding Principles on Business andHuman Rights in order to promote initiatives to respect human rights. This policy, based on ourcorporate philosophy, is positioned as the most significant guiding principle in our efforts to respecthuman rights.

1.

Support International Standards
We support international standards on human rights, including the International Bill of Human
Rights* and the International Labour Organization (ILO) Core Labour Standards established inthe ILO Declaration on Fundamental Principles and Rights at Work.
*Universal Declaration of Human Rights and International Covenants on Human Rights (InternationalCovenant on Economic, Social and Cultural Rights and Covenant on Civil and Political Rights)

In the event that the laws and regulations of the country or region in which we operate conflictwith international human rights standards and cannot be reconciled, we will seek methods thatmaximize respect for international human rights principles.

2.

Scope of Application
This Policy applies to all our officers and employees (including dispatched, temporary, andpart-time, etc. employees). We will also continue to encourage our business partners andsuppliers to understand this Policy and to promote efforts to respect human rights.

3.

Governance
The Sustainability Committee, which is composed of directors, etc. oversees compliance withthis Policy and the state of initiatives based on this Policy.

4.

Responsibility to Respect Human Rights
We will fulfill our responsibility to respect human rights by ensuring that our businessactivities do not infringe on the human rights of others, and by taking appropriate action if ourbusiness activities have an adverse impact on human rights. If any of our business partners or
suppliers are involved in activities that have an adverse impact upon human rights, weencourage such partners to respect and not infringe on human rights.

5.

Human Rights Due Diligence
We will establish a human rights due diligence mechanism, which we will implement on anongoing basis in order to fulfill our responsibility to respect human rights. Human rights due
diligence includes identifying, preventing, and mitigating any potential adverse impact of ourbusiness activities on human rights, as well as disclosing a set of initiatives relating to respectfor human rights to the public.

6.

Corrections and Remedies (Grievance Mechanism)
We will work to establish an effective grievance mechanism in order to promptly identify
human rights issues in connection to our own business activities and to take appropriate action
to correct and remedy any adverse impacts. We will establish a whistleblower hotline forstakeholders that guarantees anonymity, and we will ensure the confidentiality of reports andthe protection of whistleblowers.

7.

Training
We will provide appropriate education and training to all our officers and employees toensure that this Policy is firmly embedded in all our business activities, and we will reflect thisPolicy in our related policies, guidelines, and other necessary procedures.

8.

Dialogue and Consultations with Stakeholders
We will draw on independent, outside human rights expertise when implementing the series
of initiatives set forth in this Policy. We will also engage in dialogue and consultations withrelevant internal and external stakeholders, including those stakeholders who are actually or
potentially impacted by our business activities.
Date Enacted: October 19, 2022
IWAKI Co., Ltd.
President
Shigeru Fujinaka

(Appendix) Important Human Rights Issues

IWAKI Co., Ltd. (“we”) conducted a risk assessment of the impact on human rights together withoutside experts with human rights expertise, and we identified the following items as “importanthuman rights issues.”
We will prioritize our efforts to prevent and correct adverse human rights impacts with regard tothese important issues. We will regularly review the important issues listed in this appendix based onsocial conditions, legislative trends, and changes to our business activities.

1.

Prohibition of Child Labor and Forced Labor
We do not tolerate any form of child labor or forced labor, including human trafficking. We will
promote initiatives to protect and respect the human rights of workers who are prone to be in avulnerable position to eliminate the risk of child labor and forced labor throughout our supply
chain in Japan and overseas, which involves the procurement of raw materials, including
minerals, and the manufacture of our products.

2.

Elimination of Discrimination and Harassment, Respect for Diversity
We will eliminate all forms of discrimination on the basis of gender, age, race, nationality,religion, creed, disability, sexual orientation, and gender identity, etc. We will strengthen ourefforts to create an environment in which diverse human resources can fully demonstrate theirpotential and abilities.
We do not tolerate any form of harassment, including workplace (power) harassment and sexual
harassment, etc., or any conduct that tarnish the dignity of any individual. We will promote
initiatives to create an open and fair workplace environment where the dignity of all people isequally respected.

3.

Ensure a Safe and Health Workplace Environment
We will strive to secure a safe and hygienic workplace environment to support the maintenanceand promotion of our employees’ health. At the same time, we will work to ensure health andsafety in the workplace environments at our suppliers.
We also recognize the importance of employees being able to balance their work and private
life and will properly manage working hours to create a comfortable workplace environment foreveryone.

4.

Ensuring Safety When Selling and Using our Products, etc.
The safety and quality of our goods, products and services (“Products, etc.”) is our top priority,and we strive to provide Products, etc. that can be used with confidence. We will promptly
work to investigate the cause and take appropriate action when any problems or defects occur in
our Products, etc.
We will also work to build a safe and appropriate value chain to prevent inappropriate use ofour Products, etc. by our customers and users, and any ensuing damage or adverse effects.