Olympus Group, the Japanese precision instrument maker, has brought in
a procurement policy that will favour suppliers that show they take
account of their impacts on human rights, labour standards and the
environment, as well as meeting quality, price and delivery
requirements.
The move is allied to the launch of a new group ‘corporate philosophy’
that goes under the headline of ‘Social IN’, guiding all aspects of
Olympus’s business activities. Social IN stands for ‘INvolvement,’
meaning the company must participate as a valued member of society,
‘INsight,’ meaning the sharing of new ideas, and ‘INspiration,’ meaning
the creation of new values. To guide its CSR activities, Olympus has
also adopted a Corporate Conduct Charter and Code of Conduct.
The new Olympus policy is part of the group’s efforts to follow the ten
human rights, labour, environment and anti-corruption principles to
which it committed itself when it signed up to the United Nations
Global Compact in 2004.
