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Procurement Policy

The Group's procurement policy is drafted by the General Affairs Department and applies to procurement operations across all subsudiaries. To incorporate ESG into procurement regulations, the "TA YA Supplier Code of Conduct" was integrated into the procurement policy at the end of 2023.


 



Taya Group Procurement Policy

  1. Priority in procurement is given to suppliers whose products, rawmaterials, or equipment have obtained eco-labels, energy-savinglabels, carbon labels, carbon reduction labels, water-saving labels,green building material labels, Energy Star labels, or other domesticand international official certifications.
  2. Procurement priority is also given to suppliers who have passedthird-party verification for ISO14001 Environmental ManagementSystem, ISO50001 Energy Management System, ISO14064-1Greenhouse Gas Inventory, ISO14067 Carbon Footprint Verification,or IATF16949. This priority also extends to those who haveimplemented measures for energy saving, carbon reduction, waterconservation, circular economy, or use of recycled materials.
  3. The company must prohibit the procurement of raw materials fromconflict areas, as identified by the United Nations Security Council.These areas include the Democratic Republic of Congo, Rwanda,Uganda, Burundi, Kenya, and Tanzania.
  4. Suppliers must adhere to “TA YA Supplier Code of Conduct”.If investigations reveal major violations and the supplier is unwillingto implement improvements, Taya may consider terminating thebusiness relationship.
  5. Suppliers of Hazardous Substance Free (HSF) enameled wire andtriple insulated wire must provide products that comply with HSFstandards, such as SONY SS-00259, ensuring they are free fromhazardous substances as per company regulations.