We as Daido Steel Group set forth our mission to contribute to the development of industries and people's lives around the world through manufacturing, utilizing the technological capabilities we have cultivated since our founding based on our Group Management Philosophy: "Pursuing the potential of materials to support our future". In order to put the Daido Steel Group Management Philosophy into practice and foster the well-being of people, we understand that the human rights of all people involved in our group's business activities should be respected, and we will work to respect human rights. With the aim of ensuring that all officers and employees of Daido Steel Group recognize the importance of respect for human rights and put human rights principles into practice, we have established the Daido Steel Group Human Rights Policy based on the Daido Group Management Philosophy, the Corporate Code of Ethics, and the Basic Policy on Sustainability. By respecting individuality and diversity, and creating an inclusive work environment where everyone can thrive, we will contribute to preventing human rights violations and discrimination.
1. Basis for Respecting Human Rights and Priority Issues
The Daido Steel Group will promote initiatives to respect human rights in line with the United Nations Guiding Principles on Business and Human Rights. In addition, based on the understanding that the human rights described in the International Bill of Human Rights and the Core Labor Standards established by the International Labor Organization (ILO) are the minimum human rights, the Daido Steel Group will support and comply with international norms on human rights and the laws and regulations of all countries, and will respect fundamental human rights in all aspects of our business activities. However, if the laws and regulations of each country are inadequate compared to international norms or conflict with them, we will strive to respect the international principles of human rights. In promoting initiatives to respect human rights based on this policy, the Daido Steel Group has established priority issues related to human rights as described in the appendix "Daido Steel Group Human Rights Policy Priority Issues". These priority issues shall be reviewed as appropriate in light of changes in social and business trends.
2. Scope
This policy applies to all officers and employees (including part-time employees, part- timers, and temporary employees) of the Daido Steel Group. In addition, if the Daido Steel Group's business, products, and services have a direct negative impact on human rights of business partners such as suppliers, partner companies, and other related parties and/or individuals of the Daido Steel Group, we will encourage them to understand and comply with this policy.
3. Education
In order to ensure a correct understanding of human rights and a full awareness of this policy throughout our business activities, we will provide systematic and continuous education to Daido Steel Group officers and employees.
4. Implementation of Human Rights Due Diligence
We have established a human rights due diligence system and continuously implement the following steps: (1) Identification and evaluation of actual or potential negative impacts on human rights (2) Prevention and mitigation of identified negative impacts on human rights (3) Monitoring effectiveness of measures to address negative human rights impacts (4) Public disclosure of information to fulfill accountability
5. Remedy
We have established a remediation mechanism, and shall implement effective correction and remedy in the event that the Daido Steel Group's business activities have a direct or indirect negative impact on human rights.
6. Consultation and dialogue with stakeholders
We value consultation and dialogue with stakeholders inside and outside our company, and will work to identify, rectify, and resolve human rights issues. February 22, 2023 Daido Steel Co., Ltd. President and CEO, Representative Executive Director Takeshi Ishiguro (Sign) Appendix; Daido Steel Group Human Rights Policy Priority Issues
(1) Elimination of discrimination
We respect diversity and do not discriminate on any basis of race, ethnicity, place of birth, color, religion, gender, age, creed, social status, illness, disability, sexual orientation, gender identity, marital marriage, or the presence or absence of children.
(2) Prohibition of harassment
We do not condone sexual harassment, power harassment, or any other harassment that infringes on human rights on the basis of gender or position. In the unlikely event that harassment occurs, we will take prompt and appropriate action.
(3) Respect the right to work
In all countries and regions where we operate we will comply with labor, health and safety laws and regulations concerning prevention of overwork and minimum wage guarantee, respect freedom of association and the right to collective bargaining, and strive to secure stable employment by establishing healthy labor-management relationship and resolving issues through sincere and active dialogue with employees.
(4) Prohibition of forced labor and child labor
In all countries and regions where we operate, we prohibit and do not use forced or involuntary labor. In addition, we respect children's rights and prohibit the labor and employment of persons under the legal minimum working age in each country or region, and do not use them.
(5) Creation of a motivating work environment
We will respect the individuality and diversity of all people and promote the creation of a workplace that motivates employees. In addition, as part of our efforts to create a positive work environment, we will strive to employ local people and support the resolution of labor issues in local communities, including employing socially vulnerable people.