Shiseido Revises Group Procurement Policy

 Shiseido has revised its group procurement policy in order to actively promote sustainable and responsible procurement together with its business partners. Under the corporate mission "BEAUTY INNOVATIONS FOR A BETTER WORLD", we will clarify our attitude to contribute to the global environment where we can enjoy "beauty" in order to realize a sustainable society where people can feel happiness.

In the medium- to long-term management strategy "WIN 2023 and Beyond" formulated in 2021, the sustainability strategy is positioned at the center of management, and all employees are promoting the creation of social value. Instead, we believe that collaboration with our business partners is indispensable, and we are proceeding with our efforts.

Therefore, in the new group procurement policy, we will stipulate the content to have our business partners comply with the environment and human rights, and we will introduce a strict and objective risk identification and correction process by conducting third-party audits. , Clarifies that customers are evaluated from the perspective of sustainability. In the future, we will inform our business partners one by one.

In the revised procurement policy, in addition to the procurement philosophy and basic policy that have been set up so far, a new "policy for responsible procurement" has been established, and a clearer risk elimination process and a policy that emphasizes sustainability have been established. It has been launched.

After conducting an assessment (evaluation / assessment) with a new business partner, conduct a transaction after confirming that it is not a high risk, and with an existing business partner, perform a regular evaluation with an assessment tool. For high-risk business partners, conduct a third-party audit. If the audit finds a serious issue, request correction within a certain period of time, and if not corrected, consider suspending the transaction. In order to eliminate risks in the entire supply chain as much as possible, we will check not only the risks of business partners with whom we have direct transactions, but also the risks of secondary and subsequent business partners.

Add sustainability evaluation to the performance evaluation of business partners and increase business with highly evaluated business partners.