OMRON Endorses and Signs a Statement from Business Leaders for Renewed Global Cooperation Issued by the United Nations Global Compact
- October 27, 2020
OMRON Corporation has declared its support for A Statement from Business Leaders for Renewed Global Cooperation (hereinafter, the "Statement"), which was put forth by the United Nations Global Compact (hereinafter, "UNGC"), and Chairman Fumio Tateishi signed the Statement on behalf of the company.
The purpose of the Statement is for global business leaders to reaffirm the importance of international cooperation and global governance at the United Nations General Assembly in September 2020, a milestone year marking the United Nation's 75th anniversary and the 20th anniversary of the UNGC.
In 2008, OMRON declared its support for the Ten Principles of the UNGC, which are universally accepted principles advocated by the UN in the areas of human rights, labour, environment, and anti-corruption. Furthermore, in respect of the UN Guiding Principles on Business and Human Rights, we fulfill the corporate responsibility to respect human rights by creating a human rights due-diligence process to identify, prevent, mitigate, and account for how we address adverse impacts on human rights, in a constant effort to run a business that acts in concert with the international community.
With this endorsement and signing, OMRON's management team has reaffirmed its support for the UNGC Ten Principles and expressed its strong intention to constantly strive to run a business that acts in concert with the international community by, for example, fulfilling its corporate responsibility to respect human rights even during this time of "life withCOVID-19."
Going forward, OMRON will remain committed to balancing the realization of a sustainable society with the sustainable enhancement of enterprise value by initiating its own programs that address human rights, labour, environment, and anti-corruption, which, it is hoped, will foster business opportunities.
OMRON's Sustainability Initiatives
OMRON identified its material sustainability issues that it seeks to resolve, including social issues to be solved through business in our focus domains and issues to be tackled in order for us to answer the expectations of our stakeholders by shoring up our business foundation.
For details on OMRON'S sustainability initiatives, please see Integrated Reports and the corporate website.
<Integrated Report 2020>
About the UNGC
Launched in 2000, the United Nations Global Compact (UNGC) is a call to companies everywhere to align strategies and operations with ten universal principles on human rights, labour, environment, and anti-corruption, to take action in support of UN goals and issues, and to implement responsible corporate practices. With more than 10,000 companies and 3,000 non-business signatories based in over 160 countries, as well as more than 60 local networks, the UNGC is one of the largest corporate sustainability initiatives in the world.