J-POWER EPDC

Anti-Corruption

Anti-Corruption - Policy

The J-POWER Group sets forth guidelines for Prevention of Corruption (Bribery, Excessive Entertaining/Gifts, etc.) in all regions, in its Code of Corporate Conduct and Compliance Action Guidelines.

Prevention of Corruption (Bribery, Excessive Entertaining/Gifts, etc.)

  • We will not entertain or give gifts to public officials or equivalent persons in a manner that conflicts with the Criminal Law, National Public Service Ethics Act, or other rules prescribed by government agencies.
  • We will not give, promise, or offer financial or other rewards to foreign government officials to improperly gain a business advantage or in return for a business accommodation.
  • Entertaining and the giving of gifts to business partners will be within the scope of social courtesy.
  • When we have no choice but to be entertained by or accept gifts from customers or business partners, it must be within the scope of social courtesy.

In April 2021, we joined the United Nations Global Compact and committed to combating corruption.
Furthermore, in light of the specific characteristics of the business environment in our overseas operations and to further clarify our measures against bribery and corruption risks, we established a zero-tolerance policy in 2022, which stipulates the following compliance items:

  • Do not tolerate any form of corruption and bribery*, and strive to ensure that all persons engaged in duties related to J-POWER, including those outside the Group, comply with this policy.
  • Always bear in mind that J-POWER itself, as well as the individuals and organizations directly involved, may be held criminally liable for corruption and bribery.
  • Always maintain high ethical standards as a socially responsible individual and act in accordance with our anti-corruption and anti-bribery commitment. Moreover, do not overlook violations of laws, regulations and rules, and report to the appropriate consultation points if you encounter any suspicious acts.
  • Actively participate in training for preventing corruption and bribery, and work to closely monitor the latest trends in anti-corruption and anti-bribery initiatives.
  • Comply with all applicable domestic and international laws, regulations, and other rules regarding the prevention of corruption and bribery.
  • *“Corruption and bribery” includes, in addition to acts such as the giving and taking of bribes, provision of benefits, facilitation payments, fraud, extortion, collusion, and money laundering, acts that induce fraudulent, illegal, or breach-of-trust acts in corporate business activities, as well as misappropriation, embezzlement, mediation bribery, abuse of authority, illicit enrichment, concealment, and obstruction of justice.

Oversight of Anti-Corruption Policy

The J-POWER Group Compliance Action Guidelines, which set forth the basic policy for anti-corruption at the Company, are established and revised through approval by the Board of Directors. The Board of Directors is responsible for continuously supervising whether these guidelines are being appropriately implemented.

Communication of Anti-Corruption Policy to All Employees

To embed the established policies throughout the organization, we implement the following initiatives for all employees.

  • Distribution of a Compliance Guidebook: We disseminate a “Compliance Guidebook” that includes the Compliance Action Guidelines and other relevant materials, including the anti-corruption policy, and ensure that employees can refer to it at any time.
  • Carrying a Compliance Pledge: We provide all employees with a “Compliance Pledge” in which they pledge to comply with the Compliance Action Guidelines, including the prevention of all forms of corruption, and encourage them to sign and carry it. We require each employee to maintain a high level of awareness of, and responsibility for, anti-corruption.

Training for Staff on the Anti-Corruption Policy

In order to ensure the effectiveness of its established Compliance Action Guidelines, the J-POWER Group provides regular annual compliance training for employees, including training on anti-corruption and business ethics. Through this training, the Group reinforces throughout the entire organization the Compliance Action Guidelines’ prohibition of all forms of corrupt practices.

Regular Audits on Anti-Corruption and Business Ethics

In internal audits and compliance audits, which are conducted once a year (including those of Group company business sites), we regularly check the status of compliance with business ethics and anti-corruption measures, as well as general compliance status. The results of these audits are reported to the Board of Directors, and we review our regulations and manuals as necessary.

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