Oki Electric Enhances its Approach to Corporate Social Responsibility
Tokyo, Japan, September 30, 2004 -- Oki Electric Industry Co., Ltd. (TSE: 6703) today announced the establishment of the CSR Promotion Division under corporate, effective October 1, 2004. This division is established to enhance its company-wide approach for Corporate Social Responsibility (CSR) for the Oki group. Oki plans to improve corporate value by establishing a trusting relationship with its stakeholders from an economic, environment and social activity standpoint.
Oki has been taking part in various CSR activities such as, providing safe and satisfying products and services, researching accessibility, engaging in environment conservation, enriching employee education by introducing e-learning, preparing a work-friendly environment, promoting compliance by establishing the Oki Code of Conduct, and establishing a special subsidiary for severely challenged teleworkers.
"In a time when globalization and information progresses in the economic society, demand for CSR is increasing among stakeholders," said Kazuo Tanaka, the Chief Compliance Officer and Executive Vice President at Oki Electric. "We have achieved many CSR activities, and this newly established CSR Promotion Division takes a step further to unify and promote all the group wide CSR activities, as CSR is regarded a high management priority for Oki."
By enhancing the relationship among internal divisions, the CSR Promotion Division will be in charge of policy-making and promotion for its company wide CSR activities. The division focuses on activities such as, 1. Provide information to shareholders and investors, 2. Improve Customer Satisfaction, 3. Respond to Environment, 4. Promote compliance, 5. Respect for employees, and 6. Social contribution.
Oki Electric will continue to conduct business activities as a corporate citizen and make efforts to strengthen the trust-based relationship and improve corporate value through communication with various stakeholders.
About Oki Electric Industry Co., Ltd.
Founded more than a century ago in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarter in Tokyo, Japan. With the corporate vision, "Oki, Network Solutions for a Global Society," Oki Electric provides top-quality products, technologies and solutions to its customers through its telecommunications systems, information systems and electronic devices segments. All three segments are integrated into one effective organization that functions as a collective force to create exciting new products and technologies, including information and telecom converged solutions. Through its business activities, Oki Electric satisfies a spectrum of customer needs in various markets.
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