Based on the Basic Sustainability Policy, the MIDAC Group has formulated the Human Rights Policy as follows to further clarify our thinking on respect for human rights, as we are committed to understanding the human rights of all people and fulfilling our responsibility to respect human rights. We also expect all of our business partners, including those in our supply chain, to understand and support this policy.
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Human Rights Policy
Respect for International Standards, Laws, and Regulations
The MIDAC Group supports, respects, and puts into practice international standards on human rights, including the International Bill of Human Rights, the International Labour Organization (ILO) Declaration on Fundamental Principles and Rights at Work, and the United Nations Guiding Principles on Business and Human Rights. In addition, while complying with the laws and regulations of various regions, we will pursue a policy of fully respecting internationally recognized human rights standards when regional laws and regulations differ from international standards.
Initiatives to Respect Human Rights in Business Activities
The MIDAC Group will not only refrain from infringing on human rights in our own business activities, but also strive to avoid furthering human rights violations through our business relationships.
Scope of This Policy
This policy applies to all officers and employees of the MIDAC Group.
Implementation of Human Rights Due Diligence
The MIDAC Group will examine any actual or potential negative occurrences or impacts related to human rights that may occur in the course of our business activities, and will implement measures to prevent or mitigate them.
Corrective and Remedial Measures
The MIDAC Group will take appropriate measures to correct and remedy any negative occurrences or impacts related to human rights that occur in the course of our business activities, or in cases where it becomes clear that our Group is involved in such occurrences or impacts.
Education and Training
The MIDAC Group will provide education and training to all officers and employees to ensure that this policy is effectively implemented in our business activities.
Information Disclosure and Dialogue
The MIDAC Group will disclose the progress and results of our efforts for respect for human rights in accordance with this policy on our website and elsewhere, and will engage in dialogue with stakeholders regarding the content of such disclosure.
Last revised: March 4, 2024