Fair Operating Practices: Material Issues

Material Issues for the AGC Group

The AGC Group has introduced a CSR Monitoring Framework based on ISO 26000. Accordingly, the Group provides information for stakeholders via its CSR Website and other means, reporting on its targets and results in connection with the material issues specified in the Matrix of CSR Issues designated in this monitoring framework, namely “Issues for which a framework is to be developed and a commitment made to society”.

The AGC Group has examined the materiality of each issue by corresponding to Related Actions and Expectations of ISO 26000, and designated selected material issues to correspond to the ISO 26000 core subjects of Fair Operating Practices. The reasons for selecting these material issues are as follows.

Material Issues Corresponding to the ISO 26000 Core Subjects of Fair Operating Practices

Issue Related actions and expectations
Fair competition
  • Conduct activities in a manner consistent with competition laws and regulations, and cooperate with the appropriate authorities
  • Establish procedures to prevent engaging in anti-competitive behavior
  • Train employees on the importance of competition legislation and fair competition

Reasons for Selection of Material Issues

In recent years many countries, including fast-growing nations, have strengthened their regulations and enforcement regarding antitrust laws, and there is strong demand for corporate compliance.

Due to the features of its business (a large share or an oligopolistic industry) and having received orders of payment for surcharges from the authorities concerned in the past, the AGC Group is aware that antitrust law violations pose a major risk to its business activities.

Management Approach (Organizational Management Methods)

The AGC Group builds effective management systems and promotes efforts regarding material issues based on shared Group policies.

Related Policies, Rules and Regulations

Promotion Systems

Results of 2015 Activities

The following charts show the AGC Group’s 2015 results, self-evaluation, and 2016 targets in connection with its material issues. For detailed information on each activity and other initiatives related to Fair Operating Practices, please refer to the respective Web pages (accessible via the links in the upper right).

Criteria for Self-evaluation

A: Satisfactory level, in which the intended target has been achieved
B: Almost satisfactory level, in which a part of the intended target has not yet been achieved and some issues still remain
C: Unsatisfactory level, in which the intended target has not been achieved

2015 targets 2015 major initiative results Self-
evaluation
2016 targets
To further strengthen training and audit for compliance with antitrust laws   A To further strengthen training and audit for compliance with antitrust laws
 
  • In Asia including Japan and Europe, educated 630 employees about antitrust laws on a classroom basis, while in North America, provided this education to 900 employees via online
  • Mechanisms for compliance with antitrust laws added as a common item for auditing at the global level
  • Observance of antitrust laws should be inspected thoroughly as a common global auditing item

Major Achievements in 2015

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