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Philosophy, Vision and Policies

Corporate philosophy

Enhance our business in aiming for harmony between energy and the environment and contribute to the sustainable development of a society as an integrated engineering company through the use of our collective wisdom and painstakingly developed technology.

Every Chiyoda Group employee engages in our corporate activities with this philosophy in mind as we strive for corporate group management that earns the trust and empathy of all of our stakeholders, including shareholders, customers, business partners, employees, and local communities.

Business vision: The aim of Chiyoda

The aim of the Chiyoda Group is to respond to the requirement of the times, to create value and open up new frontiers, and become the "Reliability No. 1" Project Engineering Company by establishing ourselves as the world's most dependable project engineering company.

We will continue to develop and produce sustained growth by implementing our cutting-edge engineering in various fields.



Corporate Risk Management Policy

April 01, 2015

The world energy business field, where Chiyoda plays its major roles, is in the midst of drastic structural changes. Not only ourselves, the members of Chiyoda Corporation including its group companies (hereinafter collectively called “Chiyoda Group”) but also regions we do business in, and partners we deal with, have been more and more diversified than ever before. According to such changes in the business circumstances, risks Chiyoda Group faces have also grown diversified, complicated and extensive.

Chiyoda Group promotes the risk management activities and planning/ implementing Corporate Strategy as the robust wheels to support and drive maintaining/creating Corporate Value. Chiyoda Group ensures to properly disclose its business risk information to the stakeholders so as to increase transparency, to mitigate those risks by taking proactive countermeasures, then to achieve the business target. That is exactly the aim of CORPORATE RISK MANAGEMENT POLICY. The purposes and action guidelines are defined as follow.

  1. Purposes
    • To maximize corporate value
    • To maintain corporate assets
    • To secure business continuity
    • To gain confidence of all the stakeholders including shareholders, clients, employees
    • To promote a preventive Safety and Health Culture, in which safety comes first
  2. Action guidelines
    • To report risk information immediately and share the information among the parties concerned.
    • To ensure that all the directors and employees must well understand the importance of risk management and to make their best efforts in managing risks.
    • To believe that every accident is preventable and conduct daily activities with this consciousness.
    • To remember that the risks are defined as uncertainties which might affect the company’s interests and that we must manage risks in a rational and an optimal method from an overall perspective so as to maximize corporate value.

Every personnel in Chiyoda Group, regardless of where the one works, is required to follow the above.

Corporate SQE Policy

April 1, 2013

Chiyoda fully recognizes that all corporate activities must be performed in a responsible manner leading to “sustainable development” by balancing the advancement of humankind and conservation of global environment.

Chiyoda shall, through cooperation with our customers as well as other concerned companies, governmental authorities and communities endeavor to satisfy the requirements and needs of customers and society in general by means of the following Safety, Quality and Environmental (“SQE”) policy.

  1. Recognize the each individual person has duty and responsibility to promote SQE activities and enhance SQE awareness, knowledge and competence through continual education and training.
  2. Provide high quality products and services which meet the requirements of customers and society related to Health, Safety and Environment (HSE) by utilizing Chiyoda’s technology and engineering capabilities for facilities and equipment for customers or to Chiyoda.
  3. Minimize SQE risks, including injuries and occupational disease during the planning, design, procurement and construction and through the lifetime of a project, to a level As Low As Reasonably Practicable (ALARP) by identifying every potential hazard and implementing proper controls.
  4. Optimize the usage of natural resources and energy, reduce effluent and waste produced and recover usable material to achieve a low-carbon society through carbon management, including research and development of technologies to prevent or to resolve environmental problems; and transfer and spread such technologies globally.
  5. Comply with relevant SQE legislation and regulations, and with such other requirements to which Chiyoda subscribes.
  6. Ensure the continual improvements of SQE management systems.

Each individual staff member shall follow the directives set forth in this policy.

EVERY INCIDENT IS PREVENTABLE

We will be the most reliable Project Company in the world through SQE activities.

CORPORATE INFORMATION SECURITY (IS) POLICY

August 9, 2016

The Chiyoda Corporation, including its group companies (“Chiyoda Group”) securely maintain and manage all information assets. We fully recognize that information assets offered by customers and business partners are treated as a top priority as per this policy by all personnel engaged in the duties of our group to promote information security management activities.

  1. Observe information security laws, regulations and contract conditions with customers and business partners;
  2. Implement an information security management system and corporate regulations to maintain and manage all information assets;
  3. Take effective control measures to mitigate the risks associated with any information security incident such as theft, leakage, loss, falsification or misuse;
  4. Prevent re-occurrence of an information security incident by review of management systems and corporate regulations as appropriate;
  5. Continually increase awareness of the importance of information security to all Chiyoda Group personnel through the implementation of appropriate instructions and edifications.

This policy is applicable to all Chiyoda Group personnel to prevent an information security incident and to maintain and raise the Chiyoda brand status.
Every person in Chiyoda Group is required to follow the policy.

Privacy Policy

April 1, 2013

In view of the importance of protecting the privacy of individuals and personally identifiable information ("personal information"), the Chiyoda Group takes appropriate measures when handling this information in compliance with the Chiyoda Information Security Management System and all applicable laws and guidelines.

All Chiyoda Group personnel, in cooperation with vendors, subcontractors and other business partners, are dedicated to preserving privacy and protecting personal information in accordance with the following guidelines.

  1. The acquisition and use of personal information shall be conducted fairly and in compliance with applicable laws, and personal information shall be used only for a definitive and legitimate need.
  2. Personal information shall not be used or disclosed for other than the originally intended purpose, and shall not be used or disclosed for a reason outside the intent and need of the original purpose.
  3. Personal information shall be correctly and accurately maintained.
  4. Personal information shall not be retained beyond the period required for the original purpose.
  5. Personal information shall not be provided or disclosed to a third party without consent from the person concerned, except in cases where the Chiyoda Group is required to supply such information by order of a court, legal authority or other official body. In cases where personal information is made available to a third party, except a court, legal authority or other official body, it is mandatory to conclude binding confidentiality contracts with third parties concerning personal information.
  6. The Chiyoda Group shall quickly and sincerely respond to inquiries and requests for modifications, amendments or deletions from an individual regarding his/her personal information.
  7. Appropriate security measures shall be taken to protect personal information from unauthorized access, revisions, disclosure and/or losses due to an accident.
  8. The Chiyoda Group compliance program, including this privacy policy, shall be reviewed from time to time, and shall be revised as necessary.

All personnel at the Chiyoda Group, regardless of where thy work, shall adhere to the directives set forth in this policy.

Action plan for promotion of active female participation

April 1, 2016

Chiyoda Corporation hereby declares the following action plan to promote the activity of its female employees:

“Female ratio for employment of new graduates to be more than 25% by 2020.”

We innovated our systems to maintain our female employees’ ability to work in a diversified environment such as maternity and child-care leave, nursing care leave and reduction of working hours, etc.

Under the various working environments incident to the changes in time and society, we will continuously intend to adapt our systems so as to maximize our female employees’ individual ability as well as to create opportunities for their activities.
We will continue opening a gate widely for the female employees to work for long terms easily regardless of the changes in environment.

CSR Vision

April 1, 2009(Rev.1)
April 1, 2006

As an integrated engineering company, the Chiyoda Group pledges to contribute to the sustainable development of society through its business activities, and to constantly strive to increase corporate value and earn the trust and understanding of all stakeholders by adhering to the following principles:

  1. A Reliable Company

    We strive to be a reliable company to our customers and other business partners by providing world-class technologies and knowledge.

  2. Environmental Initiatives

    We will work to remain an invaluable company to society by utilizing refined technologies to promote harmony between the global environment and economic and social activities.

  3. Social Contributions through Business Activities

    Through our engineering business in Japan and overseas, we contribute to local communities in ways including human resources development, technology transfer and environmental protection.

  4. Respect for Human Rights

    We are dedicated to respecting the human rights of all people. We will create a corporate culture where the diversity, individuality and character of employees are respected, where people are motivated to do their best, and of which employees and their families are proud.

  5. Commitment to Fairness

    We are dedicated to achieving even greater transparency and stability by conducting our operations fairly in accordance with the highest ethical standards.

Code of Conduct of the Chiyoda Group

We set the Code of Conduct of the Chiyoda Group, as provided below, in April 2006, and established the Compliance Unit under the supervision by the Compliance Committee to promote and enforce the principles reflected therein.
We review the Code of Conduct every year, taking into account the new legislation, legal reform and transformation of social demand.

April 1, 2009(Rev.1)
April 1, 2006

We, Chiyoda Group, recognize that all business activities are based on earning the trust and understanding of society and clients. To ensure that our business activities conform to social standards, we fully comply with all applicable domestic and international laws and regulations as well as our own rules, and conduct business activities in accordance with the following principles.

  1. To earn the trust of clients by constantly improving quality in order to supply useful facilities and services.
  2. To do business with transparency, free competition and fairness in order to earn the trust and understanding of society and clients concerning our corporate activities.
  3. To maintain strong lines of communication not only with shareholders and other stakeholders but also with society at large, and to disclose corporate information willingly and fairly.
  4. To recognize that helping to solve environmental issues is an essential part of our business activities as an engineering company, and to contribute to society while cooperating with governments and their agencies.
  5. To reject all contact with anti-social organizations and never offer these organizations any benefits.
  6. To handle personal information and client information with utmost care and attention and use intellectual property in an appropriate manner without infringing on the owner's intellectual property rights.
  7. To draw a line between official company activities and private activities, and never take any action that would be detrimental to the company.
  8. To respect the human rights of all people. Also, to respect the diversity, individuality and character of employees and endeavor to ensure employees' health and safety by providing a suitable working environment.
  9. Senior management shall recognize that implementing the spirit of this code is their responsibility, and shall make related parties aware of this code by setting an example through their leadership. Senior management shall also heed the voice of stakeholders, both internally and externally, and take initiatives to solve the issues violating the Code of Conduct and strive to establish an effective framework for implementing these principles.

("Chiyoda Group Employee’s Practical Guide" provides the detail instructions based on the Code of Conduct.)

Chiyoda Group Employee’s Practical Guide

July 1, 2017(Rev.6)
April 1, 2017(Rev.5)
September 1, 2016(Rev.4)
November 1, 2012(Rev.3)
April 1, 2009(Rev.2)
April 1, 2008(Rev.1)
April 1, 2006

All executives and employees of Chiyoda Group shall fully comprehend the spirit of the Code of Conduct of the Chiyoda Group and conduct their activities in strict compliance with the following provisions:

  1. To earn the trust of clients by constantly improving quality in order to supply useful facilities and services.
    1. Observe all laws, regulations and standards applicable to respective business activities.
    2. Ensure to receive permits, submit notices and reports, and perform other procedures associated with respective business activities in an appropriate manner.

      Applicable laws and regulations:
      Construction Industry Law, all applicable industry codes
  2. To do business with transparency, free competition and fairness in order to earn the trust and understanding of society and clients concerning our corporate activities.
    1. Never improperly restrict business transactions in terms of price, volume, division of market or other agreements with competitors and/or industry organizations.
    2. Never collaborate with competitors or industry organizations to refuse or terminate business transactions with a new market entrant or specific company.
    3. Never act in a manner that is improperly harmful to the interests of a subcontractor.
    4. Strictly observe all treaties and national laws and regulations concerning international trade.
    5. Observe all laws and regulations and carefully study the business propriety of exporting strategic materials, certain other materials and technologies, and providing certain services.
    6. Perform all procedures required by governmental agencies in a righteous manner.
    7. Never offer improper gifts, benefits or other economic benefits to government employees, or employees in quasi government organizations in Japan or any other country, or to all the other stakeholders.
    8. Do not offer excessive gifts or entertainment to the executives and employees of clients/business partners and always observe accepted international standards for business activities.
    9. Never offer gifts that exceed the legal standards in each country or region.
    10. Never accept gifts or entertainments that exceed socially acceptable standards for such courtesies.

      Applicable laws and regulations:
      Construction Industry Law, Anti-Monopoly Law, Unfair Competition Prevention Law, Subcontractor Payment Delay Prevention Law, National Government Employee Ethics Law, Foreign Exchange and Foreign Trade Law
  3. To maintain strong lines of communication not only with shareholders and other stakeholders but also with society at large, and to disclose corporate information willingly and fairly.
    1. Never participate in insider trading.
    2. Work to give shareholders and investors a good understanding of our company through IR activities including information disclosure.
    3. Make a timely and correct record and report on finance and accounting, and tax.

      Applicable laws and regulations:
      Financial Instruments and Exchange Law, Corporation Tax Act, Consumption Tax Act
  4. To recognize that helping to solve environmental issues is an essential part of our business activities as an engineering company, and to contribute to society while cooperating with governments and their agencies.
    1. Endeavor to protect the environment while observing treaties, laws, regulations and other rules concerning the environment.
    2. Conduct business activities while taking into consideration the effect on the climate change, natural environment and ecosystems.
    3. Use natural resources and energy efficiently while at the same time striving to reduce the volume of waste materials and taking steps to recycle or otherwise use these materials effectively.

      Applicable laws and regulations:
      Environment Basic Law and related laws and regulations (Air Pollution Control Law, Water Pollution Control Law, Waste Management Law, Effective Natural Resource Use Promotion Law, Construction Material Recycling Law, others)
  5. To reject all contact with anti-social organizations and never offer these organizations any benefits.
    1. Never seek for easy solutions when receiving an improper demand from an anti-social organization. Always report such demands quickly to the organization concerned.
    2. Take due care of even ordinary business transactions as to whether anti-social organizations are involved. Refuse to conduct the transactions if such organizations should be involved.

      Applicable laws and regulations:
      Corporate Law, Commercial Code
  6. To handle personal information and client information with utmost care and attention and use intellectual property in an appropriate manner without infringing on the owners intellectual property rights.
    1. Strictly manage to handle information concerning clients, other companies and individuals as well as confidential corporate information obtained through business activities. Prevent leaks and use this information solely for business purposes.
    2. When required to disclose any confidential information in possession of the company to others for business purposes, have the parties sign a confidentiality agreement and observe other internal rules to prevent leaks.
    3. Do not rely solely on your own judgment when responding to external inquiries. When a particular department is designated to respond to a certain type of request, always have the inquiry passed on to the proper department.
    4. Employees must protect confidential information obtained through business activities even after they no longer work at Chiyoda Group.
    5. Take due care to avoid infringement on the intellectual property rights of other companies and individuals, such as by making copies of computer software without approval, and never perform any such act.

      Applicable laws and regulations:
      Patent Law, New Utility Model Law, Copyright Law, Improper
      Access Prevention Law, Unfair Competition Prevention Law
  7. To draw a line between official company activities and private activities, and never take any action that would be detrimental to the company.
    1. Never use company resources improperly or use company funds or expenses for personal reasons.
    2. Never use the company information system or related systems improperly or for personal reasons.

      Applicable laws and regulations: Criminal Code, Corporate Law
  8. To respect the human rights of all people. Also, to respect the diversity, individuality and character of employees and endeavor to ensure employees health and safety by providing a suitable working environment.
    1. Respect the Universal Declaration of Human Rights.
    2. Respect the human rights. Never discriminate for the reasons whatsoever such as race, creed, religion, gender, sexual orientation and gender identity, nationality, age, origin, disabilities, disease etc.
    3. Never do or allow any harassment such as sexual harassment, abuse of power, pregnancy discrimination etc.
    4. Respect the culture, customs, languages and other characteristics of countries and regions. Take due care to behave in line with international and regional social standards.
    5. Maintain a safe and healthy working environment.
    6. Conduct thorough safety education and training and enlighten everyone to be well aware of the importance of safety and of safety-related knowledge.
    7. Promote Work Life Balance.

      Applicable laws and regulations:
      ILO International Labor Standards, International Covenant on Economic, Social and Cultural Rights, International Covenant on Civil and Political Rights, Labor Standards Law and related laws (Occupational Health and Safety Law, Law for Equal Employment Opportunity of Men and Women, Child Care and Family Care Leave Law, others), Worker Dispatching Act, Disabled Persons Employment Promotion Law, Labor Contract Act
  9. Senior management shall recognize that implementing the spirit of the Code of Conduct is their responsibility, and shall make related parties aware of the Code of Conduct by setting an example through their leadership. Senior management shall also heed the voice of stakeholders, both internally and externally, and take initiatives to solve the issues violating this Code of Conduct and strive to establish an effective framework for implementing these principles.

Supplementary provisions

  1. The term all executives and employees of Chiyoda Group includes advisers, contract workers and individuals on loan to or employees of group companies in Japan and overseas.
  2. The Employee’s Practical Guide was prepared for use within Japan. In other countries, the Employee’s Practical Guide will be adjusted as required to reflect the laws, regulations and rules of particular countries and regions while preserving the original spirit of the Code of Conduct.
  3. Note that the applicable laws and regulations listed above only refer to the major applicable items and do not cover the complete set of all relevant laws and regulations. Applicable laws and regulations show the ones applicable in Japan. In other countries, employees should observe the laws, regulations and rules of their home country and region, as well as international standards.
  4. Violations of these rules of behavior will be punished based on employment regulations and/or other provisions according to the nature and seriousness of the violation.
  5. Transaction to handle the Code of Conduct, the Employee’s Practical Guide and related documents and procedures is the responsibility of the General Manager of the Compliance Unit. Significant revisions to the Code of Conduct and the Employee’s Practical Guide must be submitted to the Executive Committee for approval through the deliberation of the Compliance Committe.
  6. The Code of Conduct and the Employee’s Practical Guide shall become effective on April 1, 2006.
  7. In November 2012,Chiyoda Corporation participated in the United Nations Global Compact (UNGC). All executives and employees of Chiyoda Group Companies shall conduct their activities fully comprehending the spirit of the UNGC.
  8. Revision made on the Employee’s Practical Guide: April 1, 2008 /April 1, 2009 /November 1, 2012 /September 1, 2016 /April 1, 2017 /July 1, 2017