Basic Sustainability Policy

We consider the IDEC Group Code of Conduct, the CSR
Charter, and the Ten Principles of the United Nations Global
Compact to be important compasses for guiding our actions
in line with our company philosophy, “The IDEC Way.” We arecommitted to helping achieve the Sustainable Development
Goals (SDGs) by tackling societal challenges through ourbusiness activities. Our efforts toward sustainability are being
spearheaded by the CSR Committee we launched in 2018.
Going forward, we will continue taking action underthe Basic Sustainability Policy to resolve global challenges
through our business activities, with the ultimate aimof realizing a sustainable society. Our efforts include 1)
advancing the safety, health, and well-being of all people
through our participation in and support for the Vision Zerocampaign led by the International Social Security Association(ISSA) under the International Labour Organization (ILO);
2) remaining attentive to climate change and other global
environmental issues through our support for the Task Forceon Climate-related Financial Disclosures (TCFD); and 3)
preparing to respond to future risks and opportunities.

The CSR Committee, chaired by the CEO, was establishedto develop our Group’s CSR action policy. Five specialist
committees were established under it to focus on specificpolicy areas: Environment, Social, Governance, plus two forareas of our strengths, Safety and Quality. Together referred
to as “ESG+Sa+Q,” these specialist committees are eachchaired by an executive officer and consist of knowledgeable,experienced members who develop measures pertaining totheir respective themes. The CSR Committee meets twice ayear, and important matters discussed are reported to andsupervised by the Top Management Meeting and the Boardof Directors as may be necessary.
CSR Leaders share the content of CSR Committee
discussions with each employee at CSR Workplace Training
sessions, with the aim of putting CSR activities into practiceand creating an open workplace where opinions can beexchanged. In FY2023 employees submitted 354 opinions andproposals, which were shared by the specialist committees.
This feedback is incorporated in our Group’s CSR activities.

Our business activities are founded upon the “Vision: Pioneer
the new norm for a safer and sustainable world” and “Mission:To create the optimum environment for humans and machines”
stated in our company philosophy, “The IDEC Way.”
Our Principles of “The IDEC Way” and the IDEC Group
Code of Conduct clearly state the actions to be taken to realize
our Vision and Mission. We will carry out those actions inorder to help realize a sustainable society and increase ourcorporate value.

Business Strategy

Sustainability Promotion System

Value Creation Story

Commitment to sustainability

Introduction

Sustainability Promotion Policy and Organization

Redesigned sustainability website
Information on sustainability is posted at:https://us.idec.com/idec-us/en/USD/
sustainability

Foundation For ValueCreation

Board of Directors
Top Management Meeting
CSR Committee

RiskManagementCommittee

SafetyPromotion
Committee

Quality
ManagementCommittee

CSR Leaders Meeting

CSR Leaders (Departmental Managers)

CSR Workplace Training

Promote each employee’s
understanding of CSR

Data

IDEC Report 2023

SocialContribution
Committee

Governance

Environmental
StrategyCommittee

Chair person: CEO / Committee members: Senior Executive Vice
President, Management Director and Executive Officers

Award-winning photographs in the Environmental Photo Contest held on the theme of “Biodiversity” as one of the events during CSR Month 2022

Sustainability Promotion Policy and Organization

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