Corporate Philosophy of Mitsuboshi Belting:
To give attentive consideration
to both humanity and nature
In 1999, when terms such as “ESG” and
“sustainability” were not yet common,
Mitsuboshi Belting established this corporate
philosophy as the cornerstone of the company.
Now that the role that companies should play
for the environment and society has become
more important, we will reconsider the role
that Mitsuboshi Belting should play and the
significance of its existence based on this
corporate philosophy, and strive to contribute
to society and improve our engagement with all
of our stakeholders.
Philosophy System of Mitsuboshi Belting
Keeping in mind what kind of value the Mitsuboshi Belting Group should provide in society as the role of companies for the environment and society has now become more significant, and what is the “unique identity of our company” that we should be proud of, the Group will share these values with all stakeholders and aim to be a company that “chooses and is chosen by” them for 100 years to come.
Our values
Corporate Philosophy:To give attentive consideration to both humanity and nature
In 1999, when terms such as “ESG” and “sustainability” were not yet common, our corporate philosophy of “To give attentive consideration to both humanity and nature” was established as the cornerstone of the company. The concept of “to give consideration to humanity” represents our desire to be an organization that respects the human rights, personality, and individuality of all people involved in our business activities and in which each and every employee can fully exert his/her originality, and “to give consideration to nature” represents our desire to protect the environment, including climate, water, and biodiversity, of this planet on which we live to realize a sustainable society. Our corporate philosophy of “To give attentive consideration to both humanity and nature” is our important and unchanging value in order for us to be a company that will continuously contribute to society in a sustainable way for the next 100 years.
Mission to be fulfilled
Management Principle:To contribute to society by supplying goods of high performance, high precision and high quality
“To make products with sincerity” —This was one of our management principles at the time of the foundation of our company in 1919. Based on this belief, we have faithfully engaged in “manufacturing” under the spirit of “manufacturing quality and selling quality” for more than 100 years since our foundation.
Mitsuboshi Belting aims to achieve a “trade-on” between economic value and environmental/social value and contribute to solving social issues, including the realization of a decarbonized society, by providing our products such as next-generation belts with a higher proportion of non-petroleum-derived raw materials and high-performance timing belts used in wind power generators. Mitsuboshi Belting aims to achieve a “trade-on” between economic value and environmental/social value and contribute to solving social issues, including the realization of a decarbonized society, by providing our products such as next-generation belts with a higher proportion of non-petroleum-derived raw materials and high-performance timing belts used in wind power generators.
Target position
A company that supports people's comfortable lives with the power of scienceYou may not often see Mitsuboshi Belting's products directly. However, our products continue to quietly play a role in our daily lives, such as in cars, motorcycles, printers and other office equipment, ATMs, cash registers, and various home appliances including washing machines and bread machines.
The Mitsuboshi Belting Group aims to be a company that continues to support people's comfortable lives by creating innovation through our efforts to deepen the power of science and valuing the challenging spirit.
Our promise: the basis of our actions
Motto:To act with pride in how we stand today and look forward to the future.
Mitsuboshi Belting believes that it is the source of the realization of the growth of individual employees and the sustainability of the company for our employees “to act with pride in how we stand today and look forward to the future.”
Revision of the Mitsuboshi Belting Group Code of Conduct
In the current age known as the VUCA world, Mitsuboshi Belting considers that while some values should be cherished as a company without change, there are also many things that need to be changed in order to adapt to the rapidly changing social situation and environment.
In November 2022, we made major revisions to our previous Code of Conduct in consideration of the ten principles of the United Nations Global Compact and other factors to ensure that it is compatible even with today’s society, in which companies are expected to play a greater role. This revised Code of Conduct is positioned as “our promise” for all Group employees in order for our company to continue “to give attentive consideration to both humanity and nature.”
This Code of Conduct has been translated into a total of five languages, including English and Chinese, and has been disseminated to all employees of the Mitsuboshi Belting Group. Also, with the aim of ensuring that each employee correctly understands this Code of Conduct, meetings are also held at each department to read it.
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Mitsuboshi Belting Group Code of Conduct
1. Compliance
- We, the Mitsuboshi Belting Group, will act in good faith and comply with all applicable laws, regulations, and social norms of each country and region where we conduct business activities.
- We will respect corporate ethics, abide by internal regulations, and will not engage in any misconduct.
- We will execute operations and education based on our policy and framework for thorough compliance on various systems, including the internal reporting system.
2. Human rights and labor
- We will support and respect the protection of personality and human rights.
- We will not tolerate any discrimination on the grounds of race, nationality, gender, sexual orientation, gender identity, age, religion, creed, ethnicity, immigration, disability, poverty marital status, family status, or any other reason.
- We will not engage in inhumane treatment, including abuse, corporal punishment and any form of harassment, or any act that violates the dignity of a person.
- We will pay fair wages in compliance with applicable laws and regulations.
- We will comply with the legal working hours and holidays.
- We will not engage in any forms of forced labor.
- We will not unreasonably require employees to hand over their identity documents or work permits, or unreasonably collect deposits.
- We will not employ children under the legal working age.
- We will guarantee our employees’ freedom of association and the right to collective bargaining.
3. Environment
- We will establish an environmental management system that ensures the continuous improvement of our performance on environmental issues, and we will strive to conserve resources and energy.
- We will work to reduce greenhouse gas (GHG) emissions.
- We will work to reduce and recycle waste.
- We will work to manage and reduce wastewater, sludge, and exhaust emissions.
- We will strive to make effective use of water resources and address water risks.
- We will properly manage chemical substances in products and will grasp and report the amount of chemical substances handled to the regulating authorities.
- We will not use any substances prohibited by laws and regulations in our products and manufacturing processes.
- We will conduct all business activities, including raw materials procurement, in consideration of the conservation of biodiversity and will strive to realize a sustainable society where people and nature coexist in harmony.
4. Fair corporate activities
- We will conduct fair trade that respects commercial ethics and free competition and will not engage in private monopolies, unreasonable trade restrictions, or unfair trade practices (such as unfair competition and abuse of superior bargaining position).
- We will establish appropriate relationships with local governments and public officials, as well as customers and suppliers, and will take measures to prevent corruption.
- We will eliminate any relationships with antisocial forces and organizations.
- We will respect the intellectual property rights of third parties, such as patent rights, copyrights, and trademark rights.
- We will establish points of contact for complaints and consultation and guarantee the protection of whistleblowers.
- We will not engage in insider trading.
- We will act in a way to avoid situations that may cause a conflict of interest with the company.
5. Quality
- Based on our management principle "To contribute to society by supplying goods of high performance, high precision, and high quality," we will execute our duties, keeping in mind that quality assurance for customers is our top priority.
- We will provide safe and superior quality products and services.
- We will promptly respond to complaints with sincerity.
6. Safety and health
- To ensure that everyone can work with peace of mind, we will appropriately manage the health and safety of our employees and prevent accidents and disasters.
- We will comply with health- and safety-related laws and regulations and health and safety management guidelines.
- We will work to prevent occupational accidents through risk assessment and health and safety training.
7. Information security
- We will identify the information assets to be protected and manage and protect them appropriately.
- We will comply with laws and regulations on information security as well as contractual security requirements.
- In the event of an information security-related incident or accident, we will promptly investigate the cause and strive to minimize damage and prevent recurrence.
8. Supply chain
- We will disseminate CSR Guidelines, which are based on our Code of Conduct, to our suppliers to promote the implementation of sustainability initiatives.
- We will conduct procurement activities in consideration of the effects on local communities of the use of raw materials that may cause social problems, such as human rights issues and environmental issues, and will take measures to avoid their use if there is any concern.
9. Coexistence with local communities
- We will value partnerships with local communities.
- We will conduct social contribution activities that will lead to solving issues of local communities.
10. Information disclosure
- We will disclose information to our stakeholders in a timely and appropriate manner to ensure the transparency of our corporate activities.
Nov 1, 2022
Mitsuboshi Belting Ltd.
