Basic Procurement Policy

Introducing The Nisshin OilliO Group Basic Procurement Policy and our initiatives related to materials procurement.

The Nisshin OilliO Group Basic Procurement Policy

We, The Nisshin OilliO Group, consider it our mission to help make people happy and to continuously contribute to socio-economic growth, pursuing “good flavor, health and beauty” based on the food-related technology that we have built up over the years—particularly with regards to vegetable oil.

Going forward, initiatives that involve not only our group, but the entire supply chain are vital to develop and achieve a sustainable society. Thus we have formulated “The Nisshin OilliO Group Basic Procurement Policy”. As business partners, we ask for the understanding of all our suppliers and request your cooperation in implementing these initiatives into your business activities.

1. Compliance and Fair Business Practices

We will comply with domestic and international laws and social ethics with regards to our procurement activities. And we will conduct appropriate procurement activities by always maintaining fair and equal stance with suppliers. Moreover, we will not accept any provision of personal benefits or conveniences.

2. Quality and Safety Standards

Giving top priority to safety, security and stable supply, we will procure goods and services of highest quality by taking into account the perspectives of sustainability and traceability.

3. Respect for Fundamental Human Rights

We respect standards and ideas related to international human rights, working conditions and occupational safety and health. We will work to eliminate and eradicate human rights violations such as forced labor, child labor, discrimination and harassment from our supply chain for procuring goods and services.

4. Consideration for the Environment

In our procurement activities, we will comply with laws and our own internal standards that concern the environment. We will also work to protect natural resources and lessen the burden on the environment in the selection and procurement of goods and services.

5. Protection of Confidential and Personal Information

We are well aware of the importance of the confidential and personal information we acquire in the course of our procurement activities. Therefore, we will abide by the laws and our own internal standards to appropriately use, manage and safeguard the information.

6. Strengthening Partner Relationships

We build relationships of trust with our suppliers based on mutual understanding, and work to maintain and strengthen them as we seek to sustain mutual growth.

Note: This procurement policy applies to all of the raw materials and services used by The Nisshin OilliO Group, Ltd., and our group companies.

The Nisshin OilliO Group Supplier Guideline

We have established The Nisshin OilliO Group Supplier Guideline on March 1, 2024, to better ensure that procurement activities are carried out in accordance with The Nisshin OilliO Group Basic Procurement Policy and thus clarify our expectations of our suppliers.