6/17/2005 - NEC Corporation announced that it has joined the United Nations Global Compact. The Global Compact was officially launched in July 2000 at United Nations Headquarters in New York in accordance with the basic philosophy of nine principles of business activities related to human rights, labor, and the environment that were proposed by United Nations Secretary General Kofi Annan at the World Economic Forum in Davos, Switzerland, in January 1999. An anti-corruption principle was added in June 2004. The Global Compact thus has ten principles now.
The ten principles are closely aligned with the NEC Group Charter of Corporate Behavior and NEC Group Code of Conduct, which were established in April 2004 as the platform to better fulfill corporate social responsibility. In addition, NEC's participation in the Global Compact renews the company's commitment to strengthening its CSR activities. NEC will continue to ensure this with its officers and employees and embed the activities into its daily operations.
As a member of the Global Compact, NEC will more actively participate in international discussions and contribute to the further development of this global initiative to help address social and environmental issues worldwide.
The Ten Principles of the Global Compact
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights.
Principle 2: And they should make sure that they are not complicit in human rights abuses.
Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
Principle 4: They should uphold the elimination of all forms of forced and compulsory labor.
Principle 5: They should uphold the effective abolition of child labor.
Principle 6: And they should uphold the elimination of discrimination in respect to employment and occupation.
Principle 7: Businesses should support a precautionary approach to environmental challenges.
Principle 8: They should undertake initiatives to promote greater environmental responsibility.
Principle 9: And they should encourage the development and diffusion of environmentally friendly technologies.
Principle 10: Businesses should work against all forms of corruption, including extortion and bribery.
NEC's Corporate Social Responsibility Website
About NEC Corporation
NEC Corporation (NASDAQ: NIPNY) (FTSE: 6701q.l) is one of the world's leading providers of Internet, broadband network, and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. Ranked as one of the world's top patent-producing companies, NEC delivers tailored solutions in the key fields of computers, networking, and electron devices by integrating its technical strengths in IT and networks and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 140,000 people worldwide and had net sales of 4,855 billion yen (approx. $45.4 billion) in the fiscal year that ended in March 2005. For additional information, please visit the NEC website at: www.nec.com
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