Our Commitment
Toshiba JSW Power Systems Pvt. Ltd. (“Company”) is committed to conducting its business
activities with the highest standards of integrity, transparency and ethical conduct, and
in strict compliance with all applicable anti-bribery, anti-corruption and competition laws,
in accordance with the principles of Toshiba.
The Company adopts a zero-tolerance policy toward bribery and corruption in any form.
Scope
This Policy applies to all directors, officers, employees, workers and any third parties
acting for or on behalf of the Company, including, without limitation, agents, consultants,
contractors, suppliers and business partners.
Prohibition of Bribery and Corruption
Bribery is strictly prohibited. No person acting for or on behalf of the Company shall,
directly or indirectly, offer, promise, give, request, solicit or accept any improper payment,
gift, benefit or other advantage for the purpose of influencing any decision or securing an
improper or unfair business advantage.
This prohibition applies to all dealings with both private individuals or entities and public
officials.
Interaction with Public Officials
All interactions with public officials and individuals in the public sector must be
conducted in a lawful, transparent and ethical manner.
- Facilitation payments are strictly prohibited.
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Gifts, hospitality and expenses provided to or received from public officials must be
modest, reasonable, infrequent and solely for legitimate business purposes, and must
comply with applicable laws and Company policies.
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Charitable and political donations must not be made for the purpose of influencing any
official act or decision and are subject to prior internal approval in accordance with
Company procedures.
Fair Competition and Competitor Contact
The Company is committed to conducting business in accordance with the principles of fair
and lawful competition.
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Employees must not, directly or indirectly, discuss or exchange prices, bids, customers,
markets or any confidential or competitively sensitive information with competitors.
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Any form of collusion, cartel behavior, improper coordination or inducement involving
competitors is strictly prohibited.
Third Parties
The Company may be held liable for acts of bribery committed by third parties acting for or
on its behalf.
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Appropriate risk-based due diligence must be conducted prior to engaging any third party.
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All third parties are required to comply with this Policy and all applicable anti-bribery
and anti-corruption laws.
Accurate Records
All transactions must be fully, accurately and fairly recorded in the Company’s books and
records in accordance with applicable laws and accounting standards. False, misleading or
incomplete entries or records are strictly prohibited.
Reporting Concerns
Employees and third parties are encouraged to report any suspected bribery, corruption or
violations of this Policy through the Company’s designated reporting or whistleblowing
channels.
Any form of retaliation against individuals who, in good faith, raise concerns or report
suspected misconduct is strictly prohibited.
Consequences of Non-Compliance
Violations of this Policy may result in disciplinary action, up to and including termination
of employment or contractual relationships and may also expose individuals and the Company
to civil and/or criminal liability under applicable laws.
