Noroo R&C established its Code of Ethics in January 2016 and reorganized its sustainability framework through ethical management. In June 2022, the Code of Ethics was revised to align with rapidly changing social environments and international standards. We remain committed to moving forward as a transparent and sound company.

Ethical Management System

Noroo R&C has abolished prescriptive, obligation-based ethical regulations and established a new Code of Ethics that reflects the UN Global Compact’s 10 Principles as well as insights from employee interviews and surveys, in response to globalization and the rise of the MZ generation. We provide company-wide training to build understanding and consensus and run various campaigns to encourage practical implementation. Looking ahead, we are considering expanding these initiatives to include external stakeholders such as partner companies.

• 01 We protect the environment and promote sustainable development.
• 02 We contribute to the development of local communities and the improvement of quality of life.
• 03 We respect human rights and do not tolerate discrimination.
• 04 We comply with domestic and international laws and compete fairly.
• 05 We respect competitors and refrain from any unfair practices that disrupt market order.

• 01 We take full responsibility for our products and services and earn the trust of our customers.
• 02 We maintain transparent accounting practices and prepare accurate financial statements.
• 03 We pursue mutual growth with our partners and engage in fair transactions.
• 04 We provide stakeholders with accurate and timely information and communicate with sincerity.
• 05 We do not engage in bribery or improper entertainment.
• 06 We establish sound governance and implement advanced management systems.

• 01 We guarantee workers’ rights to association, collective bargaining, and other fundamental labor rights.
• 02 We ensure a safe working environment and protect employees’ health and safety.
• 03 We respect diversity and provide equal opportunities without discrimination.
• 04 We communicate based on mutual respect and trust.
• 05 We do not make improper requests to stakeholders or offer undue benefits.
• 06 We safeguard company assets and information and do not use them for personal purposes.
• 07 We maintain political neutrality and do not use company resources for political purposes.
• 08 We avoid unfair trade practices and do not abuse the company’s superior position.
• 09 We maintain confidentiality and do not use insider information for improper gain.
• 10 We respect intellectual property rights and do not infringe upon them.
• 11 We prohibit workplace bullying, sexual harassment, and any form of violence.