Human Rights Policy

NOK Group Human Rights Policy

1.Basic Approach to Human Rights

We, the NOK Group, are committed to valuing the life of each employee and respecting their humanity based on our management principle: “The Management has to run the Company based on feelings of love and trust in its employees.”
As a signatory of the UN Global Compact, we also respect the human rights outlined in international norms including the International Bill of Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, and the Ten Principles of the UN Global Compact.
The NOK Group supports the UN Guiding Principles on Business and Human Rights, based on which this policy has been developed. We will also adhere to our Principles of Corporate Behavior, such as “We will comply with laws and regulations of the countries and regions where our business operations are based, respect human rights and other international norms of behavior, and conduct business by taking into consideration the local culture and customs as well as the interests of stakeholders,” and “We will carry out management that respects the human rights of all people.” Through these initiatives, we will promote respect for human rights in all countries and regions where our business operations are based.

2.Scope of Application

This policy applies to the officers and employees of the NOK Group. Also, in order to prevent human rights violations throughout the supply chain, we require suppliers and other stakeholders involved with the NOK Group’s business to respect human rights.

3.Human Rights Due Diligence

The NOK Group will establish and implement a necessary mechanism for human rights due diligence based on this policy. We will also require suppliers to respect human rights based on the NOK Group Procurement Policy and the CSR Procurement Guidelines.

4.Remediation/Correction

We have set up consultation and reporting services on human rights, including issues related to non-compliance. If it is determined that we have caused or contributed to adverse impacts on human rights, we will take appropriate action to remedy such impacts.

5.Education/Training

In order to ensure that each officer and employee understands this policy correctly and puts it into practice, we will make continuous efforts to raise their awareness while also providing training and education on human rights and harassment.

6.Priority Action Themes / Information Disclosure

As a human rights initiative based on this policy, we will focus our efforts on the priority action themes outlined separately and report their results through the corporate website and other media.

December 16, 2021

NOK CORPORATION

Masao Tsuru, Representative Director and President

Priority Action Themes

  • Freedom of association and recognition of the right to collective bargaining
    The NOK Group cannot stop employees from joining or forming a trade union in accordance with the laws in the countries where its business operations are based. The Group also approves the exercise of collective bargaining.
  • Elimination of forced labor
    The NOK Group does not tolerate any forced labor through a lack of consent to work and the menace of any penalty.
  • Effective abolition of child labor
    The NOK Group does not tolerate any labor performed by a child below the minimum age stipulated in international norms as well as the relevant labor laws and rules in the countries and regions where its business operations are based.
  • Elimination of discrimination in employment and occupation
    The NOK Group does not tolerate any discrimination based on any grounds such as race, color, gender, religion, political opinion, nationality, social origin, age, disability, HIV/AIDS status, trade union membership, or sexual orientation.
  • Prohibition of harassment
    The NOK Group respects the human rights of each employee.
    The Group does not tolerate any form of harassment, including power harassment or sexual harassment.