Noritz Group Human Rights Policy
I. Basic concept
1. Why we respect human rights
Noritz Group has contributed to making lives more enriching and comfortable for people
around the world under the mission "The Simple Comforts of Life." As a Group whose
mission is ensuring the well-being of people, respect for human rights is a prerequisite
for our business activities. That is why we have placed "Respect for Human Rights" inChapter 1 of the Noritz Group Code of Ethics, the guideline for the actions of our Group
employees, and have made addressing human rights our number one priority.
On the other hand, in the business activities process where we pursue technology,
innovation and comfort of living, there is a possibility of directly or indirectly causing
negative impacts on human rights. We recognize this possibility and through dialogue
with a wide range of stakeholders, responsibly promote respect for human rights whilebringing happiness to people.
2. Scope of application
This policy was resolved by Noritz Corporation's Board of Directors and applies to all
officers and employees of the Noritz Group.
3. Collaboration with and what we expect from our stakeholders
In order to conduct our business activities while respecting human rights, we need thecooperation not only of the Noritz Group but of all parties, including our business
partners related to our business activities, such as our supply chain, and customers who
use our Group's products. We ask for your understanding and cooperation regarding thispolicy.

II. Promotion system, etc.
1. Promotion system
As a mechanism to promote sustainable business activities and continue bringing
happiness, the Noritz Group has established a sustainability promotion system.
Specific initiatives based on this policy are planned and implemented by the department
in charge of governance, and the status and results of the initiatives are reported, andprogress is checked at the Sustainability Promotion Meeting. Matters reported anddiscussed at the Sustainability Promotion Meeting and notable human rights risk issues
are submitted to the Sustainability Committee, which is chaired by the Head ofManagement Strategy Headquarters, for discussion. Activities of the Sustainability
Committee are appropriately supervised by the Management Committee and the Boardof Directors, and matters discussed by the Sustainability Committee are regularly
brought up for discussion and reported to the Management Committee and the Board ofDirectors.

2. Relationship to other policies, etc.
Our approach regarding respect for human rights is also described in the Noritz Group
Code of Ethics and the Noritz Group Sustainable Procurement Guidelines and will be
communicated and taught within the Noritz Group, and our business partners will berequested to comply with this policy and undergo training.

III. Initiatives
1. Compliance with international human rights standards
All human beings have the right to be born free and equal, and no one shall violate thisright.
This policy is based on the principles and policies set forth in the United Nations"Guiding Principles on Business and Human Rights," the "International Labour

Organization (ILO) Declaration on Fundamental Principles and Rights at Work," the"Organization for Economic Cooperation and Development (OECD) Guidelines forMultinational

Enterprises,"the"UniversalDeclarationof

HumanRights,""International Bill of Human Rights," "ILO Core Labour Standards," etc.
In 2012, we signed the Global Compact advocated by the United Nations, where weagreed with their 10 principles in four areas (human rights, labor, the environment, andanti-corruption). We aim to conduct business activities so that both society andcompanies develop sustainably.
2. Respect for human rights
The Noritz Group will act in accordance with the principle that all people's human rights
should be respected to the utmost extent. If a business partner is found to be violating
human rights, we will ask for improvement, and, if necessary, consider whether tocontinue business with the business partner.
(1) Prohibition of discrimination on any grounds
In every aspect of our business activities, we place the highest priority on respecting andprotecting the human rights of all members inside and outside of our company.
Furthermore, we do not allow the discrimination or violation of human rights on any
grounds, including but not limited to race, nationality, ethnicity, gender, religion,ideology, belief, age, origin, birth, educational background, physical, intellectual andmental disabilities, marital status, pregnancy status, employment status, sexual
orientation or gender identity.
(2) Prevention of contribution to or encouragement of human rights violations
We will take sufficient care to ensure that our business activities, products, and services
do not contribute to or encourage of human rights violations of our customers or people
in local communities.
(3) Respect for and consideration of laws and regulations, life, and culture of local
communities and indigenous peoples
We comply not only with local laws and regulations but also with international standards
in countries or regions where we operate and respect the customs of local communities
and the unique culture and history of indigenous peoples. In the rare event of a conflict
between the laws and regulations of the country or region in question and internationallaws and regulations, we will seek ways to respect international human rights
regulations within the scope of the laws and regulations of the country or region inquestion.
(4) Prohibition of harassment
We do not tolerate any form of harassment (actions that hurt the dignity of individuals
or impair the work environment and people's job performance), including sexual
harassment and power harassment.
(5) Prohibition of inhumane treatment
We do not allow inhumane treatment such as abuse, corporal punishment, andharassment.
(6) Respect for freedom of association and collective bargaining rights
We respect our employees' freedom of association and rights to exercise collectivebargaining.
We will also comply with labor-related laws and regulations and labor-managementagreements and work to build constructive relationships through dialogue andconsultation with our employees and their representatives.
(7) Prohibition of forced labor and child labor
We do not allow forced labor, child labor, slave labor, or human trafficking under any
circumstances.
(8) Prohibition of discrimination in employment, human resources development, andcareer advancement
We provide equal opportunities in employment, human resources development andcareer advancement without discriminating based on race, nationality, gender, age,origin, birth, ideology/belief, religion, ethnicity, disability, sexual orientation/gender
identity, and factors other than reasonable factors such as the individual's ability andaptitude.
(9) Approach to health and productivity management
In order for our employees to be able to work in a safe and hygienic workplace, and stayhealthy, we perform periodic inspections of the workplace environment and formulate
initiatives for improvement.
(10) Appropriate management of working hours and wages
We conform to the legal or pre-agreed working hours, appropriately manage the working

hours and leave, and fairly apply overtime pay, payment methods, etc.
(11) Working with and supporting people with disabilities
The Noritz Group has been creating jobs for people with disabilities, supporting theiremployment, and providing them with work, with the goal of enabling all Group
employees to be aware of and proud of working with and in harmony with people withdisabilities. We work to respect the human rights of people with disabilities in order torealize a society that respects diversity and allows all people to maximize theirindividuality and thrive.
(12) Respect for privacy
We respect and protect the privacy of individuals. We will comply with relevant laws,
regulations, and company rules when handling personally identifiable information.
3. Exercise of human rights due diligence
The Noritz Group exercises human rights due diligence on its employees and suppliersin order to examine the current status of possible human rights risks and to makecontinuous improvements by preventing or mitigating the impact of such risks.
We will appropriately address any negative impacts on human rights identified by theresults of questionnaires, etc., and continuously monitor them to verify the effectivenessof the measures taken. Additionally, the status of implementation, etc. will be disclosed
on a regular basis.
4. Corrective and remedial actions
In the event that the Noritz Group directly or indirectly causes a negative impact onhuman rights as a result of its business activities, we will strive to correct and remedy
such impact through appropriate investigations and responses.
5. Education and training
The Noritz Group regularly conducts education and training, including human rights
training for all employees and newly appointed managers, with the aim of respecting
human rights throughout the value chain in all aspects, regardless of within thecompany or outside, when conducting business activities.
6. Promotion of diversity and inclusion
The Noritz Group respects the diversity of its employees, including gender, nationality,and disabilities, and is committed to creating a workplace environment in which eachindividual can maximize his or her individuality and strengths. We also create new valueby acknowledging different values and ideas and by inspiring each other.
7. Dialogue
The Noritz Group will strive to strengthen its efforts to respect human rights throughongoing dialogue and discussion with relevant stakeholders.
8. Disclosure of information
The Noritz Group discloses information on this policy and a series of initiatives related
to this policy in a timely and appropriate manner through its website and other means.

November 28, 2023
Satoshi Haramaki
President and CEO
Noritz Corporation