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SHIKOKU ELECTRIC POWER CO.,INC.

Basic Principles of ProcurementBasic Principles of Procurement

Basic Principles of Procurement

YONDEN procures materials and equipment ("Materials") based on the following eight principles.

1.Openness

YONDEN does business with reliable suppliers of high-quality Materials and services in Japan and other countries.

2.Equity and Fairness

YONDEN impartially selects new suppliers in view of Materials quality and performance, price, delivery date, term of construction, operating conditions of the company, availability of after-sales services, consideration for the environment, and safety.

3.Observance of Laws and Social Ethics

YONDEN respects human rights and protects personal information and secret matters. In addition, YONDEN observes all relevant laws, spirits, and social ethics in Japan and other countries.

4.Priority of Safety

YONDEN makes a point of safety as its first priority. YONDEN prevents industrial and workforce accidents and endeavors to secure public safety and hygiene.

5.Consideration for the Environment

YONDEN promotes to procure Materials with less environmental loads (YONDEN Green Procurement System), and endeavors to create a society based on resource-recycling in collaboration with valued suppliers.

6.Observance of the Contract

YONDEN observes the contract with suppliers and executes it sincerely.

7. Establishment of Mutual Trust

YONDEN builds partnerships with its suppliers through equal and fairy business. In addition, YONDEN aims at the mutual development.

8. Contribution to the Community

YONDEN contributes to the development of the local community through procurement of Materials under the following basic corporate philosophy: “Living together with the local community, advancing with the local community, and prospering with the local community.”