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February 26, 2010 Fuji Electric Holdings Co., Ltd.

Fuji Electric Group Joins the United Nations Global Compact

President

Fuji Electric Holdings Co., Ltd. (President and Representative Director: Haruo Ito; Headquarters: Shinagawa-ku, Tokyo) announced today that it joined the United Nations Global Compact on February 19, 2010, fulfilling its prior commitment to do so.
  The Fuji Electric Group is promoting globalization as it works to accelerate the expansion of its energy and environment businesses. Since the underlying principles of its priority initiatives conform to the ten principles of the United Nations Global Compact, the Group considers its membership as an opportunity to promote responsible management as a global company while contributing to building a sustainable society.


1. About the United Nations Global Compact

The United Nations Global Compact was proposed by former UN Secretary-General Kofi Annan at the World Economic Forum held in Davos, Switzerland, in 1999. In 2000, the initiative was formally inaugurated at the UN headquarters. Presently, more than 7,000 businesses and other organizations from 134 countries are participating in the United Nations Global Compact.
  Participants voluntarily uphold ten principles in the four areas of human rights, labour standards, environment and anti-corruption, and are expected to implement activities designed to realize sustainable growth.


2. Ten Principles of the United Nations Global Compact
Human Rights
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.

Labour Standards
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment
Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption
Principle 10: Business should work against corruption in all its forms, including extortion and bribery.

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