Basic Policy on Procurement
Introduction
As the company at the center of the accident at Fukushima Daiichi Nuclear Power Station, TEPCO takes full responsibility for the accident and sees its new mission as the achievement of a stable supply of electricity based on the highest global standards in safety and competitiveness and the implementation of corporate reform.
When carrying out procurement, we will develop a fairer and more transparent trading environment based on a relationship of mutual trust with our suppliers and procure increasingly economical and high-quality materials, equipment and services.
Basic Policy on Procurement
TEPCO will carry out transactions in accordance with the basic policies set out under the following six headings.
1. Strengthening relationships based on mutual trust
An economical and stable energy supply has always been supported by a partnership with suppliers based on mutual trust. We will strive to have meaningful two-way communication with suppliers and establish trading relationships that lead to our mutual development.
2. An open, impartial and fair approach to trading
We will share open, impartial and fair trading opportunities with partners, not only in Japan but throughout the world, and actively promote an expansion in trade with highly competitive suppliers. In carrying out transactions, we will give overall consideration to quality, price, deadlines, reliability, technological capability, business conditions, adherence to laws, regulations and ethical standards, safety and the environment, and carry out impartial and fair trading based on economic rationality.
3. Promotion of cost price improvements
In order to deliver low-price high-quality electricity we will work hard to reduce our procurement costs. In order to achieve this, we will respect the opinions and proposals of our suppliers and work together to promote cost price improvements.
4. Compliance with laws, regulations and ethical standards
We will comply with all relevant laws (*) and the spirit of the law.
* The relevant laws and regulations include the Civil Code, Commercial Code, Anti-Monopoly Law, Intellectual Property Basic Law, Personal Information Protection Law, Waste Disposal Law, and Construction Recycling Law. Moreover, in discharging our social responsibilities we will also comply with laws, regulations and ethical standards relating to labor and human rights.
5. Ensuring safety
We will comply with safety laws and regulations and work hard work to implement safety measures under the strongest possible systems.
6. Consideration for the environment
Materials and equipment with less impact on the environment will be given priority when purchasing (Green Procurement), and we will endeavor to build a society based on resource-recycling in collaboration with our valued suppliers.
