Kuraray has become a participant in the United Nations Global Compact (UNGC) - a global framework of companies and organisations working for sustainable social development. It signed to become its member on December 17, 2020. The company has also joined the Global Compact Network Japan, which comprises Japanese companies which have signed the UNGC.

The participating companies and organisations of UNGC demonstrate responsible and creative leadership and act as good members of society. The top management of companies and organisations that sign the UNGC commit to supporting the Ten Principles of the United Nations Global Compact, which centre on protecting human rights, eliminating unfair labour, conserving the environment and preventing corruption.

In line with its mission of "For people and the planet—to achieve what no one else can," the Kuraray Group has pursued business development that helps improve the natural environment and the daily living environment since its founding in 1926. In 2019, the group amended its Sustainability Concept and revised its material issues (materiality).

“By signing the UNGC and clearly stating our corporate position, we will further promote sustainability management based on the Kuraray Group’s corporate statement and continue helping realise a sustainable society,” the company said.

The principles of the UN Global Compact are that businesses should support and respect the protection of internationally proclaimed human rights and make sure that they are not complicit in human rights abuses. Businesses should also uphold the freedom of association and the effective recognition of the right to collective bargaining; eliminate all forms of forced and compulsory labour; abolish child labour; eliminate discrimination in respect of employment and occupation; support a precautionary approach to environmental challenges; undertake initiatives to promote greater environmental responsibility; encourage the development and diffusion of environmentally friendly technologies; and work against corruption in all its forms, including extortion and bribery.

Kuraray was founded in 1926 for the purpose of commercialising synthetic rayon, which was a cutting-edge technology at the time. Following the Second World War, in 1950 the company became first in the world to commercialise polyvinyl alcohol (PVA) fibre, under the brand name Kuralon.

Fibre2Fashion News Desk (SV)

Disclaimer - All News/Articles items are subject to copyright and no article either in full or part may be reproduced in any form without permission from Fibre2Fashion Pvt. Ltd.