Labor Practices(Labor Standards, Labor Environment and Related Matters): Policy

Policy

Basic Approach to Human Resources

As a participant in diverse businesses and the industries that support them, MC has consistently embraced the challenge of addressing societal issues and achieving sustainable growth alongside society through its business activities, while anticipating evolving needs. Recognizing these distinctive qualities, we view our diverse and versatile human resources, who have driven our growth, as a key source of value creation and will continue to actively invest in human capital. In response to the increasing diversification and globalization of our businesses, MC is committed to developing talent and supporting their success on a company-wide and global scale under the Materiality theme of “Fostering Vibrant Workplaces That Maximize the Potential of a Diverse Workforce.” This approach enables MC’s diverse group of employees—regardless of gender, nationality, or other attributes—to fully demonstrate their unique abilities.

Policy on Labor Practices

(1) MC's Policy on Labor Practices

MC believes that respect for human rights is essential in conducting business worldwide. Based on this principle, MC’s Code of Conduct stipulates that we respect human rights and prohibit all forms of discrimination and harassment. Regarding labor practices, MC adopts the International Labour Standards* of the International Labour Organization (ILO) as the regulatory framework underpinning compliance requirements detailed in the Code of Conduct. Furthermore, MC adheres to legal minimum wage standards and maintains a uniform compensation structure for employees of different genders with the same qualifications and level of professional duties.

  • *
    ILO International Labour Standards
    The International Labour Organization (ILO), founded in 1919, is based on the principle that universal and lasting peace can only be achieved through social justice. One of its most important functions is the formulation of international labor standards through Conventions and Recommendations. The ILO operates under a tripartite structure, with workers and employers participating as equal partners alongside governments. Conventions and Recommendations are adopted at the International Labour Conference, and ratifying states commit to observing them. Recommendations also guide national policies, legislation, and actions. Since its founding, the ILO has adopted standards covering nearly every issue affecting the working world. It has established four fields and eight conventions as fundamental labor standards (see table below). MC endorses all these fields and conventions and explicitly references compliance with them in the Mitsubishi Corporation Code of Conduct.

(2) Participation in the UN Global Compact

MC joined the UN Global Compact in 2010, declaring its commitment to the ten universal principles in four areas: human rights, labor, environment, and anti-corruption. Guided by the spirit of the Three Corporate Principles, we actively promote initiatives in each of these areas.

The Four Fields and Eight Conventions Constituting Fundamental Labor Standards
Freedom of association and the effective recognition of the right to collective bargaining Convention concerning Freedom of Association and Protection of the Right to Organise (No. 87)
Convention concerning the Application of the Principles of the Right to Organise and to Bargain Collectively (No. 98)
Elimination of all forms of forced or compulsory labor Convention concerning Forced or Compulsory Labour (No.29)
Convention concerning the Abolition of Forced Labour (No.105)
Effective abolition of child labor Convention concerning Minimum Age for Admission to Employment (No.138)
Convention concerning the Prohibition and Immediate Action for the Elimination of the Worst Forms of Child Labour (No.182)
Elimination of discrimination Convention concerning Equal Remuneration for Men and Women Workers for Work of Equal Value (No.100)
Convention concerning Discrimination in Respect of Employment and Occupation (No.111)