Respecting Human Rights

We support various international rules related to human rights and respect for basic human rights.

All employees must abide by Glory Corporate Action Guidelines, which stipulate rules on respect for individuals, talent development, and workplace safety. The guidelines clearly call for respect for employees' diversity, personalities, individual differences, and— above all—human rights. In addition, the Glory Legal Code of Conduct governing the laws and codes of ethics, which all the Glory Group employees and business partners are expected to follow, stipulate the protection of human rights, including prohibition of discrimination and harassment. Having signed the United Nations Global Compact, we are committed to conducting corporate activities and creating an environment that respects human rights.

In response to the increasing demands and expectations regarding human rights in corporate activities, we formulated the Glory Group Human Rights Policy in April 2024 in accordance with the UN Guiding Principles on Business and Human Rights. Based on the policy, we will continue to promote management that respects human rights across the Glory Group.

The purpose of this Human Rights Policy (this “Policy”) is to enshrine the Glory Group's (“GLORY” or “our”) global stance on ensuring responsible business practices in upholding human rights within all our operations based on our corporate philosophy, and to fulfill such responsibilities. GLORY respects human rights as a cornerstone of our business activities and maintains a zero-tolerance approach to human rights violations.

This Policy applies to all those working in, and with, GLORY. We also expect and continuously encourage all of our business partners, including suppliers and distributors, to understand and support the contents of this Policy, and continue to work to ensure that it is respected.

GLORY is committed to respecting human rights as set out in the UN Guiding Principles on Business and Human Rights and supports the UN International Bill of Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, and the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct.

Further, as a signatory to the UN Global Compact, GLORY supports the “Ten Principles of the UN Global Compact” and complies with the laws and regulations of each country and region in which we operate. In cases where the domestic laws and regulations differ from the international norms, GLORY pursues ways to respect internationally recognized human rights principles and standards.

The GLORY Legal Code of Conduct and related policies, which all GLORY officers, employees and business partners are required to follow, stipulate the protection of human rights, including prohibition of discrimination and harassment. Also, we provide avenues through which to raise any related concerns on human rights and protect whistleblowers against any disadvantageous treatment.

(1) Prohibition of discrimination

GLORY takes a zero-tolerance approach to any discrimination or acts that harm personal dignity based on one's national origin, race, ancestry, religion, beliefs, place of birth, age, sex, sexual orientation, gender identification, disabilities, marital status, social status, etc.

(2) Prohibition of forced or child labor

GLORY takes a zero-tolerance approach to any forced or child labor, including but not limited to slavery and human trafficking.

(3) Prohibition of harassment

GLORY does not tolerate any actions that cause physical or mental distress, including harassment in all its forms.

(4) Promotion of occupational safety and health

GLORY is committed to creating and maintaining a safe and healthy work environment and supporting our employees’ physical and mental health.

(5) Appropriate management of work hours and payment of wages

GLORY is committed to appropriately managing work hours and providing a minimum wage, in accordance with the laws and regulations of each country and region in which we operate.

(6) Respect for basic labor rights

GLORY respects basic labor rights in each country in which we operate, including the freedom of association and the right to organize and bargain collectively.

(7) Respect for privacy and protection of personal information

GLORY respects individual privacy and complies with the laws and regulations of each country in which we operate, including GDPR (EU General Data Protection Regulation), to manage personal information appropriately.

GLORY will carry out human rights due diligence on a continual basis in accordance with this Policy. We will assess the impact that our business activities have on human rights and will commit to preventing or mitigating any identified adverse impact.

If GLORY identifies that it has caused or contributed to adverse human rights impacts through our business activities or relationships including our supply chain, we will promptly investigate any alleged human rights violations and provide effective remediation through appropriate methods. Where GLORY has not caused or contributed to adverse human rights impacts, but our operations, products or services are directly linked to adverse human rights impacts through our value chain, we will use our leverage to ensure that business enterprises that have caused or contributed to such adverse impacts make efforts to remedy the situation.

GLORY is committed to continuous improvement of our efforts and initiatives based on this Policy through consultation and communication with related stakeholders.

GLORY makes an effort to ensure transparency and appropriately discloses our progress on respecting human rights and achievements based on this Policy through our website and reports such as an integrated report.

GLORY continuously provides education and training to its officers and employees as necessary to implement this Policy.

11. Governance

12. Policy Review

This Policy has been approved by the Board of Directors of GLORY LTD.

(Established on April 1st, 2024)

Consultation and Whistleblowing System for Human Rights

Glory has set up internal and external consultation services or helplines to handle inquiries and feedback, from regular and non-regular employees, related to all compliance matters in the Group, including human rights and harassment. When any problem related to human rights is identified through the services, the Legal Affairs Department, Human Resources Department, and other relevant departments work together to address the problem and prevent future incidents. In fiscal 2022, 13 inquiries including harassment allegations were received and appropriately handled with information from the consultations.

A Supplier Compliance Hotline, which can be accessed anonymously, has also been set up. Whistleblowing reports including human rights issues are filed by the relevant department of GLORY LTD., which is independent of Glory’s subject procurement department. No such reports were received in fiscal 2022.

Response to Risks Related to Human Rights

The Glory Group stipulates rules on respect for human rights, such as the prohibition of child labor and forced labor, the payment of appropriate wages, and restrictions on working hours in the Glory Supplier Code of Conduct, which was formulated in March 2014 and revised in April 2018 to ensure respect for human rights throughout the supply chain and promote initiatives for compliance with business partners.

The Glory group cooperates with its suppliers to promotes sustainable procurement. In addition to thorough compliance with the Glory Supplier Code of Conduct and the Green Procurement Standard, we ask our suppliers to conclude a purchasing memorandum, which requires annual submission of the “self-inspection checklist”. The checklist confirms suppliers’ efforts in the areas of human rights, work environment, fair trading etc. and encourages consistent improvement in their sustainability initiatives.

In addition, Glory Global Solutions (International) Ltd. discloses a statement on initiatives with business partners to prevent forced labor, human trafficking, and other prohibited actions, as resolved by the Board of Directors and in compliance with the UK government’s Modern Slavery Act 2015.

In fiscal 2022, no cases of child labor or forced labor were identified.

• Anti-Slavery and Human Trafficking Transparency Statement

Initiatives for Raising Awareness of Human Rights

E-learning material on a screen

Glory is striving to raise employee awareness of human rights, such as the prohibition of discrimination and prevention of harassment.

In fiscal 2022, we focused on training to eradicate harassment for newly appointed managers and through an e-learning program for all domestic Group employees (99.5% attendance).