Fuji Electric Global

Global

ESGCompliance

We employ thorough measures to ensure compliance with laws and corporate ethics and always act with the highest ethical standards to achieve sustained corporate growth.

Basic policy on compliance

Our Corporate Code of Conduct declares that Fuji Electric will “make global compliance a top priority.” Accordingly, we established the Fuji Electric Compliance Regulations, which serve as a concrete guideline for compliance. Based on them, we promote global-level compliance through the Fuji Electric Compliance Program and the Fuji Electric Business Ethics Whistle-Blowing Systems, under the supervision of our Board of Directors.

Compliance Promotion System

The Fuji Electric Compliance Promotion Committee is chaired by the President and COO of Fuji Electric. It consists of control chiefs (managers of businesses and corporate department heads) responsible for specific regulating laws and regulations, who are its members, and Standing Auditors and outside experts (attorneys), who serve as observers. Every six months, the committee holds deliberations on the operations of the Fuji Electric Compliance Program and Fuji Electric Business Ethics Whistle-Blowing Systems as well as the Compliance Program’s implementation plans. It reports to the Board of Directors once a year. In the event of a compliance infraction, the Committee has a system in place to take any necessary measures after deliberating on fact-finding investigations, corrective actions, recurrence prevention measures, internal punishments, and internal and external disclosures.

Compliance Regulations

Status of Compliance Promotion

Fuji Electric Compliance Program

We have established the Fuji Electric Compliance Program for Fuji Electric and other Group companies in Japan and overseas to bring together four aspects (1 to 4 below) concerning compliance with domestic and overseas laws and regulations (specifically, laws and regulations related to corruption and competition, labor and human rights, product safety and the environment, taxation and accounting, information security, and export management). The program executes activities under reviews and revisions by the Fuji Electric Compliance Promotion Committee, and also actively carries out external certifications and disclosure to verify the effectiveness of those activities from external perspectives.

  • Establishment, revision, abolition, and dissemination of internal rules
  • Constant monitoring of status of compliance with laws and internal rules
  • Auditing of status of compliance with respect to the above 1 and 2 above.
  • Compliance education

■Compliance Education

We promote wide-ranging compliance education and instruction through level-specific and job-specific group training and e-learning programs, as well as displaying posters internally and distributing pamphlets.

Training for newly appointed managers(FY2021)
Training for newly appointed managers

FY2021 Results(Example)

Participants Details
Level-specific training Newly appointed executives 29 Establishment of legal compliance systems
Newly appointed managers 127 Compliance with important regulatory laws
New employees 257 Overview of the Compliance Program and Business Ethics Whistle-Blowing Systems
Job-specific training Sales and administrative department employees 2,893 Compliance with important regulatory laws

Fuji Electric Business Ethics Whistle-Blowing Systems

To prevent infractions of laws and regulations and ensure early detection, we have introduced and are operating the Fuji Electric Business Ethics Whistle-Blowing Systems. Under these systems, internal and external parties can report real or suspected violations of laws, regulations, or internal rules including matters related to bribery and corruption to Fuji Electric’s President and COO via reporting points (in-house contact points and outside lawyers). (Anonymous reporting is also possible.)

■Business ethics helpline

The Business Ethics Helpline handles reporting from Fuji Electric Group officers and employees in Japan and around the world (including former officers and employees, and dispatched employees). We strive to ensure awareness of the Helpline through posts in the company magazine and intranet.

■Partner hotline

The Partner Hotline handles reporting from outside stakeholders. We strive to build full awareness of the system through posts on our public website and at explanatory forums for suppliers.

We received 31 reports in FY2021.

We begin by taking thorough steps to protect the whistleblower by keeping his or her information confidential and prohibiting disadvantageous treatment, retaliation, or discrimination on the basis of his or her report. We then investigate the facts, take corrective measures, prevent recurrence, impose disciplinary measures, and take other necessary actions to resolve the issue and provide feedback detailing our response to the whistleblower. (Even in cases of anonymous reporting, we strive to provide indirect feedback through the measures described above.)

With the enforcement of the amended Whistleblower Protection Act of June 1, 2022, we are reinforcing our protection of whistleblowers while expanding the scope of those covered by it to include all Group officers and employees, including former officers and employees.

Framework of Fuji Electric Business Ethics Whistle-Blowing Systems

Framework of the Business Ethics Whistle-Blowing Systems

Results of Compliance Promotion

Corruption Prevention

Within our Corporate Code of Conduct, which states that Fuji Electric will “make global compliance a top priority,” we declare that we will “prevent bribery and corruption.” We also present the Fuji Electric Anti-Bribery Policy as part of this Code of Conduct. With these steps, we vow that no Fuji Electric Group officers or employees (including dispatched employees) will engage in bribery in any form or in conduct that could lead to suspicion of bribery. We also declare that we will work to prevent bribery throughout our supply chain. This includes asking suppliers, business partners, and other stakeholders to endeavor to prevent bribery.
In addition, we have established Fuji Electric Anti-Bribery Guidelines as rules to be followed by Group's officers and employees (including dispatched employees) in their daily operations to prevent bribery. We are working to prevent bribery through the implementation of our Compliance Program.
We take strict disciplinary action against officers and employees who are involved in corruption in accordance with our work rules.
We had no anti-corruption violations during FY2021. No Fuji Electric officers or employees were disciplined for anti-corruption violations, and no fines, penalties, or settlements were incurred in connection with such violations.

Competition Law

We have established rules to be followed in everyday operations in our Antimonopoly Act Compliance Manual, Foreign Competition Law Compliance Manual, and other regulations and make revisions to those rules as necessary. We also perform daily monitoring by confirming quotations and estimates via a bidding information management system and extensive record-keeping. In addition, we strive to prevent violations of competition laws through guideline-based audits by our auditing divisions and comprehensive level-specific and job-specific training.
We take strict disciplinary action against officers and employees who are involved in competition law violations in accordance with our work rules.
We had no competition law violations during FY2021. No Fuji Electric officers or employees were disciplined for competition law violations, and no fines, penalties, or settlements were incurred in connection with such violations.

Others

In addition to the above, there were no compliance infractions with the potential to seriously impact management in FY2021.

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