Procurement Policy

The NOK group's procurement from suppliers complies with its Procurement Policy

The NOK Group believes that if we are to fulfill our corporate social responsibility, it is essential that our awareness is shared across the procurement supply chain.
We are asking our suppliers to understand the Procurement Policy shown on the left and respect the NOK Charter of Corporate Behavior and Sustainability Procurement Guidelines in business transactions with us.

1.Procurement Policy

  • We comply with laws, regulations and social norms.
  • Based on the idea of free competition, we select suppliers in a stringent manner by providing fair and equal opportunities.
  • We share mutual interests and benefits with suppliers based on the idea of mutual prosperity.
  • We engage in open communication and build a relationship of trust with suppliers.
  • We conduct improvement activities proactively in collaboration with suppliers.

2.NOK Group Sustainability Procurement Guidelines

We, NOK Group, are committed to being an entity that fulfills the role of driving efforts toward the realization of a sustainable society while upholding the principle of fair and free competition, through creating added value that is socially useful, generating employment, and acting autonomously and responsibly.
We believe that if we are to achieve this goal, it is essential that our awareness is shared across suppliers and to work together throughout the supply chain to realize a sustainable society, and established NOK Group Sustainability Procurement Guidelines as our code of conduct.
We ask our suppliers, who are important business partners of the NOK Group, to understand the purpose of this guideline and to implement it on their own, and we also ask their own suppliers to implement it.

Main content

（１）Human rights and Labor
（２）Health and Safety
（３）Environment
（４）Product Quality and Safety
（５）Ethics
（６）Information Security
（７）Supply chain

3.Declaration for Building Partnerships

NOK joined the “Declaration for Building Partnerships” by the Cabinet Office and the Ministry of Economy, Trade and Industry, which was announced on April 1, 2022.

Declaration for Building Partnerships logo
  • Website of Declaration for Building Partnerships

    • 3.Requests to Our Suppliers

    Our Policy on Gifts and Entertainment

    Please note that we will decline the following gifts and entertainment from our suppliers.

    • We will not accept any cash, gift certificates, gift cards for books, merchandise, or other types of gifts.
    • We will not accept any special discount for the supplier’s products.
    • We will decline invitations to such events as dining and golfing, unless otherwise agreed between the supplier and our company in advance.
    • We will not sell or buy stock based on the supplier’s internal information.
    • We will not accept any other gifts or entertainment that are socially inappropriate.

    4.Consultation Desk

    We have a consultation desk to address compliance issues regarding transactions with NOK Group companies.
    (Legal Affairs Section, Legal Affairs Department, Corporate Administration Office, NOK CORPORATION)

    NOK's production activities are centered on industrial components made from polymeric materials, such as synthetic rubber and resin. We are committed to environmental conservation activities such as managing environmentally hazardous substances used in production processes, saving energy and resources, and reducing waste.
    To extend these controls beyond production processes to procurement activities, we have established the NOK Group Green Procurement Guideline. Controlling environmentally hazardous substances and building a system to guarantee the non-inclusion of these substances throughout the supply chain are our priorities.