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Fair trade

Concept and Effect

Concept

An internal system including education and supervision operated by businesses to comply with fair-trade laws and regulations

(C.P.: compliance + programs for fair trade)

Significance Market Social Infrastructure meant to build fair competition order in markets
Company Functioning as part of the risk management strategy under the vision of ethical/law-abiding management
(Presentation of clear-cut behavioral criteria for compliance and prevention of legal violations)

Expected effects

  • Prevention of economic loss

    Going in step with the reinforced regulations for protection of consumers’ rights and interests

    Prevention of fines and lawsuit expenses associated with legal violations

  • Improvement of corporate image

    Putting the idea of transparent/ethical management into practice

    Enhancement of brand value, Enhancement of the level of recognition both domestically and abroad

  • Employee protection

    Protection of employees through prevention of legal violations

    Promotion of more stable company business

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