GS Yuasa : ESG Report

GS Yuasa Corporation

Sustainability Activities in 2022

CONTENTS

CSR Promotion

President's Message ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	02
CSR Policy and Code of Conduct ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	04
CSR Promotion Framework ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	09
Materiality ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	12
Activities
Developing Fair, Transparent, and Sound Business, and Anti-Corruption ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	18
Respect for Human Rights ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	25
Conservation and Improvement of Adequate Working Environment ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	32
Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services ̶̶̶̶̶̶̶̶̶	54
Global Environmental Conservation ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	61
Building Better Relationships with Local Communities ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	84
Ensuring Social Responsibility within Our Supply Chain ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	89
External Evaluation ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶	94

Editorial Policy

Editorial Policy ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶ 97

Reference Data

Reference Data ̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶̶ 98

Every year, the GS YUASA Group announces its views toward CSR and the status of related initiatives on its GS YUASA websites. This PDF file has been prepared to allow readers to refer to the information released in the 2022 fiscal year through the contents of the "Sustainability Activities" website, of the sites of our.

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

President's Message

President's Message

Become an energy device company that continually creates

new value

As the first in Japan to successfully manufacture lead-acid batteries, and first

worldwide in achieving mass production of lithium-ion batteries for electric

vehicles, our high level of technological expertise is demonstrated by products

that deliver stable performance even in extreme and highly demanding

environments, such as in deep sea research submersibles, aircraft, space

satellites, etc. We are also meeting the expectations of our stakeholders through engagement in next-generation vehicle

development, the renewable energy sector, and infrastructure applications. I am confident that these efforts are the result of

practicing our corporate philosophy of being committed to people, society and the global environment through the innovation and

growth of our employees and business entities.

In May 2017, we formulated as the President's Policy the GS Yuasa CSR Policy and Code of Conduct, which clarifies this

corporate philosophy, and in April 2018 we signed the U.N. Global Compact (UNGC), which aligns with our own CSR policies and

values. Our business companies have set up a CSR Committee to put into practice the Ten Principles the UNGC asks of

companies in the four areas of Human Rights, Labour, Environment, and Anti-Corruption, as well as the sustainable development

goals (SDGs) adopted by the United Nations and our CSR policies. We are working to contribute to a sustainable society through

our business activities.

Markets and the societies continually change together with the times, and efforts aimed at solving social issues on an

international, global scale, including sustainable development goals (SDGs) and carbon neutrality, are intensifying. We believe

that our technologies and products are highly suitable to contribute to the realization of a sustainable society by addressing

climate change and building a stable social infrastructure.

In the future too, as an energy device company, we will continue to take on innovative challenges in monozukuri as well as in

kotozukuri that drives energy management technologies, and will strive to contribute to the realization of a world, environment,

and society where people worldwide can live in greater abundance and peace of mind.

President

GS Yuasa Corporation

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President's Message

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

The Ten Principles of the United Nations Global Compact

< Human Rights >

Principle 1 Businesses should support and

respect the protection of

internationally proclaimed human rights; and

Principle 2 make sure that they are not

complicit in human rights abuses.

< Environment >

Principle 7 Businesses should support a

precautionary approach to

environmental challenges;

Principle 8 undertake initiatives to promote

greater environmental

responsibility; and

Principle 9 encourage the development and

diffusion of environmentally friendly technologies.

< Labour >

Principle 3 Businesses should uphold the

freedom of association and the

effective recognition of the right to collective bargaining;

Principle 4 the elimination of all forms of

forced and compulsory labour;

Principle 5 the effective abolition of child

labour; and

Principle 6 the elimination of discrimination in

respect of employment and

occupation.

< Anti-Corruption >

Principle 10 Businesses should work against

corruption in all its forms,

including extortion and bribery.

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President's Message

Sustainability Activities of GS Yuasa Corporation in 2022 (Web version)

CSR Policy and Code of Conduct

The GS YUASA CSR Policy and Code of Conduct, formulated in May 2017 as the President's Policy, have become the foundation of the

Group's CSR activities. In the GS Yuasa Group, we carry out business in accordance with the CSR Policy and Code of Conduct in order to ensure the sustainable development of society and business.

CSR Policy

Besides legal compliance, we respect international norms, guidelines, and initiatives related to social responsibility, work on

sustainable development of our business through developing energy storage technologies, and contribute to people, society,

and global environment.

1. Developing Fair, Transparent, and Sound Business, and Anti-Corruption

GS YUASA conducts a transparent business policy which aims to earn the trust of customers, business partners,

shareholders, and of local communities as a top priority. And to adhere to laws and regulations of each country and region. Furthermore, we address to prevent any kind of corruption, will not tolerate any illegal political contribution,

bribery of public officials, and will not have relationships with personnel or organizations of organized crime.

2. Respect for Human Rights

GS YUASA will respect all human rights and fundamental labor rights, and will not tolerate any forced labor or child labor. We will also respect diversity, without any discrimination being tolerated.

3. Conservation and Improvement of Adequate Working Environment

GS YUASA will provide safe and comfortable working environments for employees. Proper management will be provided in order to promote mid to long-term development of human resources.

4. Fulfillment of Our Responsibilities to Provide Safe and Secure Products and Services

GS YUASA ensures the safety and quality of products/services to the end of their lifecycle throughout

manufacturing. Furthermore, GS YUASA honest provides clear safety information for all products/services.

5. Global Environmental Conservation

GS YUASA addresses to prevent pollution, and to mitigate climate change, and to establish a sound material-cycle

society through using sustainable resources.

6. Building Better Relationships with Local Communities

GS YUASA will contribute to sound and sustainable development of local communities through building better relationships with their local communities.

7. Ensuring Social Responsibility within Our Supply Chain

GS YUASA will promote actions to ensure social responsibility within our supply chain.

Date : May 1, 2017

GS Yuasa Corporation

President Osamu Murao

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CSR Policy and Code of Conduct