Human Rights Policy
TANAKA Precious Metals Human Rights Policy
TANAKA Precious Metals, as a leading company in the precious metals industry, is committed to unlocking the potential of precious metals and creating a better future. We understand that our business activities may directly or indirectly impact human rights, and we recognize the importance of respecting human rights.
Since our founding in 1885, TANAKA Precious Metals has continued to prioritize people in our management practices. We will continue to fulfill our responsibility to respect human rights and aim to be a sustainably developing company.
1. Scope
This policy applies to all officers and employees*1 of TANAKA Precious Metals*2. It also recognizes the importance of addressing human rights issues from the perspective of stakeholders affected by human rights, and commits to acknowledging, improving, and resolving these issues. Efforts will be made to avoid human rights violations through constructive dialogue with stakeholders directly related to the business, products, or services of TANAKA Precious Metals
- *1:TANAKA Precious Metals Group refers to our consolidated subsidiaries.
- *2:Employees include TANAKA Precious Metals' advisors, contract employees, part-timers, temporary staff, and dispatched workers.
2. Respect for International Human Rights Norms and Compliance with Applicable Laws
We respect the human rights enshrined in the 'International Bill of Human Rights' and the principles concerning fundamental rights set forth in the 'Declaration on Fundamental Principles and Rights at Work' by the International Labour Organization (ILO), and we conduct our business in accordance with the following guiding principles and guidance.
- United Nations Guiding Principles on Business and Human Rights
- OECD Guidelines for Multinational Enterprises on Responsible Business Conduct
- OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas
- OECD Due Diligence Guidance for Responsible Business Conduct
While complying with the laws and regulations of each country and region, if there are conflicts between the domestic laws of the country and international human rights standards, we will seek ways to honour the internationally recognized human rights.
3. Organizational Structure for Human Rights Initiatives
The Sustainability Promotion Department of TANAKA Precious Metals, under the supervision of the Senior Officer in charge of Sustainability, is responsible for operating the human rights due diligence mechanism and promoting the company-wide respect for human rights based on this policy.
4. Implementation of Human Rights Due Diligence
TANAKA Precious Metals identifies adverse impacts on human rights and, when significant adverse impacts are of concern, promotes efforts to prevent or mitigate such impacts and continuously monitors the progress. The improvements made through this series of efforts ensure the respect for human rights.
TANAKA Precious Metals expects stakeholders directly related to its business, products, or services, among others, to meet the same standards as this policy and to collaborate with TANAKA Precious Metals in respecting human rights.
5. Responsibility to Respect Human Rights
TANAKA Precious Metals is committed to prohibiting all forms of forced labour / modern slavery and human trafficking, eliminating child labour, avoiding discrimination in employment and occupation, recognizing the freedom of association, effectively acknowledging the right to collective bargaining, and achieving a safe and healthy working environment. TANAKA Precious Metals strives to prevent human rights violations and address any incidents or adverse impacts on human rights.
As a responsible company, it is engaged in the procurement of responsible raw materials, environmental conservation, creating a safe workplace, maintaining employee health, and respecting individual diversity. In particular, it has established a 'Responsible Mineral Sourcing Policy' and a 'Responsible Precious Metals Sourcing Policy,' and is promoting the elimination of human rights abuses, including child labour, in the procurement of so-called conflict minerals and raw material minerals.
6. Remedies and Corrective Actions
TANAKA Precious Metals commits to addressing the correction through appropriate means if it is found that its business, products, or services have caused or contributed to adverse impacts on human rights. Furthermore, if it becomes clear or suspected through stakeholders that there has been a direct association with adverse impacts on human rights, efforts will be made to provide remedy through engagement with the stakeholders.
Efforts will be made to establish grievance mechanism both internally and externally for stakeholders to raise concerns or complaints, which can be accessed by those who have been or may be negatively affected by human rights impacts, and to strive for problem resolution or remediation.
7. Education
TANAKA Precious Metals will develop education and training programs as necessary for all officers and employees, and conduct regular human rights education.
8. Dialogue
TANAKA Precious Metals will identify actual or potential adverse impacts on human rights with relevant stakeholders and engage in dialogue and consultation.
9. Information Disclosure
TANAKA Precious Metals will disclose the progress of initiatives based on this policy through reports and other means.
TANAKA Precious Metals
Group Chief Executive Officer
Frank Tanaka