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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

A Grand Opportunity for the Future

The Chiyoda Group is committed to being an ‘Innovative’ Engineering Company, shaping the future of energy and the global environment with passion and cutting-edge technology.



CSR Values

May 9, 2018 (Rev.3)
December 6, 2017 (Rev.2)
April 1, 2009 (Rev.1)
April 1, 2006

  1. A Reliable Company

    We strive to be a reliable company to our customers and all our stakeholders 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 our engineering business in Japan and overseas, we contribute to local communities and address global issues 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.

Chiyoda Group Code of Conduct

Chiyoda Group acknowledges that earning the trust and understanding of clients and society forms the basis of our business activities. To ensure that our business activities conform to social standards, we fully comply with all applicable laws and regulations as well as our own rules.
To achieve this aim, we set the Code of Conduct of the Chiyoda Group as provided below in April 2006, and the Chief Compliance Officer (CCO) was appointed in charge of everything related to compliance by the Chiyoda Group in April 2018.
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

Chiyoda Group acknowledges that earning the trust and understanding of clients and society forms the basis of our business activities. To ensure that our business activities conform to social standards, we fully comply with all applicable laws and regulations as well as our own rules, and conduct business activities in accordance with the following principles.

  1. Commit to excel in achieving the highest standard of quality to best serve our clients and society with reliable services using cutting-edge technologies.
  2. Conduct business with transparency, and fair competition, in order to earn the trust and confidence of society, clients, and third parties concerning our corporate activities.
  3. Ensure timely and fair disclosure of information which stakeholders have the right to know, and promote constructive dialogues with the wider community.
  4. With the understanding that helping to solve environmental issues is an essential part of Chiyoda Group’s business activities, contribute to the society by cooperating with government agencies in solving environmental issues.
  5. Stand strong against organized crime and never let criminal (or potentially criminal) individuals or groups benefit by their use of extortion or deceit.
  6. Protect personal data and client proprietary information, and handle intellectual property with utmost care to avoid infringing on intellectual property rights.
  7. Clearly distinguish private life from work, and refrain from any conflicting actions which undermine Chiyoda Group’s interests.
  8. Respect human rights, diversity of cultures, and individual differences as well as endeavor to ensure every employee’s health and safety by providing a suitable working environment.
  9. Chiyoda Group’s leadership hereby commit themselves to live the spirit and intent of the Code and implement by exercising leadership and setting an example as role models. Leadership shall also be prepared to listen to stakeholders inside and outside of Chiyoda Group, and if anything contrary to the Code is detected, commit themselves to corrective action and to remediate any internal control discrepancies.

("Chiyoda Group Conduct Guidelines" provides the detail instructions based on the Code of Conduct.)

Chiyoda Group Conduct Guidelines

July 1, 2019(Rev.8)
October 1, 2018(Rev.7)
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 and conduct their activities in compliance with the following:

  1. Commit to excel in achieving the highest standard of quality to best serve our clients and society with reliable services using cutting-edge technologies.
    1. Comply with all applicable laws, regulations and rules in all business activities and undertakings.
    2. Obtain all licenses, approvals and permits required to carry out business, promptly submit notices and reports to the relevant authorities where necessary, and properly follow appropriate procedures.
  2. Conduct business with transparency, and fair competition, in order to earn the trust and confidence of society, clients, and third parties 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 a specific targeted company.
    3. Never suppress subcontractors’ legitimate interests and rights.
    4. Adhere to all international trade treaties, laws and regulations within Chiyoda Group’s area of operation.
    5. Comply with all relevant security trade control laws and regulations, and ensure that the products, technologies, and services to be exported are not restricted or sanctioned.
    6. Properly follow all necessary procedures required by government regulatory authorities in Chiyoda Group’s areas of operation.
    7. Never offer improper gifts or economic benefits to government officials, employees of de facto governmental organizations of Japan or any other country, or to any other stakeholders.
    8. Do not offer excessive or extravagant gifts or entertainment to executives and employees of clients/business partners and adhere to internationally acceptable and sound business practices.
    9. Never offer gifts with value exceeding the legal limitations set by local laws.
    10. Never accept gifts or entertainment outside of socially acceptable norms.
  3. Ensure timely and fair disclosure of information which stakeholders have the right to know, and promote constructive dialogues with the wider community.
    1. Never trade stocks or securities of the company or other listed companies while possessing material non-public information or induce others to trade by disclosing such information.
    2. Promote better understanding with shareholders and investors through proactive and fair disclosure and constructive investor relations.
    3. In a timely manner produce accurate records and financial reports in regards to finance, accounting and taxes.
  4. With the understanding that helping to solve environmental issues is an essential part of Chiyoda Group’s business activities, contribute to the society by cooperating with government agencies in solving environmental issues.
    1. Adhere to all environmental treaties, laws, regulations, and endeavor to protect the environment.
    2. Conduct business activities while also taking into consideration the impact they may have on climate change, the natural environment, and ecosystems.
    3. Strive to reduce the volume of waste materials by using energy efficient products and take steps to recycle or otherwise use materials effectively to avoid wastage.
  5. Stand strong against organized crime and never let criminal (or potentially criminal) individuals or groups benefit by their use of extortion or deceit.
    1. Never resort to compromises when improper demands are made by organized crime by means of extortion or deceit, and swiftly report to and seek advice from the department in charge.
    2. Be sensitive even in usual business settings as to whether the influence of organized crime could be indirectly involved. Refuse to enter into any transactions if such organizations are involved.
  6. Protect personal data and client proprietary information, and handle intellectual property with utmost care to avoid infringing on intellectual property rights.
    1. Safeguard the proprietary information of Chiyoda Group, clients, and others obtained through business activities, prevent information leakage, and use such information solely for their intended purposes.
    2. Prevent unauthorized disclosure of confidential information. Before disclosing any Chiyoda Group proprietary information for business purposes, ensure that a confidentiality agreement is duly signed by the other party in accordance with internal rules.
    3. Be cautious in dealing with external requests and inquiries. Always properly coordinate with the appropriate department.
    4. Honor and respect confidentiality agreements and never use or disclose confidential information obtained through business activities for an unauthorized purpose (e.g. personal use) even after leaving Chiyoda Group.
    5. Respect intellectual property rights and never infringe any copyright and/or patent (e.g. do not make unauthorized copies of computer software).
  7. Clearly distinguish private life from work, and refrain from any conflicting actions which undermine Chiyoda Group’s interests.
    1. Never misappropriate company resources, assets, or funds for personal use or interests.
    2. Never use company information systems improperly or for personal purposes.
  8. Respect human rights, diversity of cultures, and individual differences as well as endeavor to ensure every employee’s health and safety by providing a suitable working environment.
    1. Respect the Universal Declaration of Human Rights*1, international labor standards*2 and the Guiding Principles on Business and Human Rights*3.
    2. Respect all human rights. Never discriminate on the basis of race, faith, religion, gender, sexual orientation and/or gender identity, nationality, age, place of birth, disabilities, medical conditions, etc.
    3. Never engage in or allow any form of harassment, bullying or discrimination pertaining to gender, power, or maternity.
    4. Respect cultural differences, promote harmony and balance among international communities, regional social standards and local customs.
    5. Maintain a safe and healthy working environment.
    6. Disseminate knowledge on safety and advocate the importance of safety.
    7. Promote Work-Life Balance.

      *1: The Declaration adopted at the United Nations 3rd General Assembly on the 10th December 1948,  
        aiming for every nation and personnel to attain the goals of basic human rights.
      *2: The International Labor Organization (ILO) adopted 188 treaties and 200 recommendations up to
        June 2010, covering labor social issues including labor conditions, occupational safety and health,
       labor management relations, employment, vocational training, social security, sailor related matters
        etc.
      *3: The global standard adopted by the United Nations Human Rights board of directors, for every nation
       and company to follow.

  9. Chiyoda Group’s leadership hereby commit themselves to live the spirit and intent of the Code and implement by exercising leadership and setting an example as role models. Leadership shall also be prepared to listen to stakeholders inside and outside of Chiyoda Group, and if anything contrary to the Code is detected, commit themselves to corrective action and to remediate any internal control discrepancies.

Supplementary provisions

  1. The Code and these Guidelines apply to executives and employees of Chiyoda Group also including executive advisers, temporary staffs, and employees seconded to group companies.
  2. These Guidelines were prepared to primarily apply within Japan, and therefore shall be adjusted in accordance with local laws and regulations for applications outside of Japan while maintaining the original intent of the Code.
  3. Violation of these Guidelines may lead to disciplinary action in accordance with company rules taking into account the nature and seriousness of such violation.
  4. Head of the Compliance Department is in charge of the maintenance, revision, or abolition of the Code and these Guidelines. Material changes to or abolition of the Code or the Guidelines shall be approved by the Compliance Committee and thereafter by the Executive Committee.
  5. The Code and these Guidelines shall come into effect on April 1, 2006.
  6. Chiyoda Corporation signed the United Nations Global Compact (UNGC) in November 2012. All executives and employees of Chiyoda Group shall fully understand and respect the spirit of UNGC when carrying out business activities.
  7. Dates of revision made to these Guidelines: April 1, 2008/ April 1, 2009/ November 1, 2012/ September 1, 2016/ April 1, 2017/ July 1, 2017/ October 1, 2018/ July 1, 2019
Human Rights Policy

September 3, 2018

The Chiyoda Group, as a global organization and recognizing that respect for human rights is the basis of its global operations, provides its Human Rights Policy as follows:

1. Respect the human rights of all people.
2. Respect the Universal Declaration of Human Rights *1, international labor standards*2 and the Guiding Principles on
  Business and Human Rights*3.
3. Never discriminate for any reason including race, creed, religion, gender, nationality, age, origin etc..
4. Never do, or allow, any harassment in whatever form.
5. Eliminate forced labor and abolish child labor.
6. Respect the diversity, individuality and character of employees and endeavor to ensure employees’ health and safety
  by providing a suitable working environment.
7. Respect the cultures, customs, languages and other characteristics of countries or regions where the Group operates.
  Furthermore, take due care to behave in harmony with international or regional societies and respect the human rights
  of all local stakeholders.

All personnel in the Chiyoda Group, including directors and employees, shall follow this ‘Human Rights Policy.’

*1 The Declaration adopted at the United Nations 3rd General Assembly on the 10th December 1948, aiming for every
  nation and personnel to attain the goals of basic human rights.
*2 The International Labor Organization (ILO) adopted 188 treaties and 200 recommendations up to June 2010, covering
  labor social issues including labor conditions, occupational safety and health, labor management relations, employment,
  vocational training, social security, sailor related matters etc.
*3 The global standard adopted by the United Nations Human Rights board of directors, for every nation and company to
   follow.

Corporate Risk Management Policy

April 1, 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 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.

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.

Tax Policy

September 3, 2018

The Chiyoda Group, in recognizing its legal obligations to comply with the tax regulations within its countries of operation, provides its Tax Policy as follows:

1. Compliance with Tax Laws and Regulations
Observe all applicable tax laws and regulations, with the highest integrity and ethics, in countries where it conducts business and submit correct and timely tax declarations.
Duly observe international rules, including the OECD*1 and the BEPS*2 Project, when conducting operations and fulfill its global tax responsibilities. 
Never conduct business attempting to avoid paying tax or deviate from the purpose intended by applicable laws and regulations.

2. Monitoring / Review
Periodically review the Group’s taxation activities, including compliance with relevant country tax laws and international legislation.
Appoint external accounting or tax advisors for advice, when required, to achieve the highest Group tax compliance record and avoid infringing tax laws and regulations.

3. Relation with Tax Authorities
Strive to build and maintain trust with tax authorities in countries of operation by ensuring accountability and transparency in tax issues according to relevant laws and regulations.

*1 OECD (Organization for Economic Co-operation and Development): an international institution of 35 developed countries
  to discuss international business, develop the global economy, promote free trade and aid developing countries to
  freely exchange opinions and information.

*2 Established by the OECD in June 2012 to counter multinational enterprises attempting to avoid paying taxes globally
  through Base Erosion and Profit Shifting (BEPS). The Project consists of the three pillars of ‘Certainty, Transparency
  and Predictability’.

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.

Declaration of Health and Productivity Management

1 April 2020

We announce that we will actively promote the maintenance and promotion of the health of our employees (human resources), our greatest asset, as a Declaration of Health and Productivity Management as follows.

Declaration of Health and Productivity Management

Chiyoda Corporation Group believes that maintaining employees' physical and mental health and maximizing their abilities is essential to achieving the Group's management philosophy and improving competitiveness. To achieve this, we will work to support the Health and Productivity Management of our employees.

The company, labor union, health insurance union, employees and their families will work together to promote health so that employees can enjoy a healthy and fulfilling life in and out of work.

We will contribute to society through our business by linking the health of our employees to the vitality of the workplace.