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Corporate Social Responsibility

Taking care of the future around us

Maxell Group – global tax policy 

We contribute to society through the development of outstanding and unique technologies and products by our founding spirit that advocates “harmony and cooperation, working with heart and soul, and being of service to society”. Maxell acknowledges its responsibility as a member of society and will ensure that its conduct is fair and transparent. As a good corporate citizen, we also intend to contribute to the creation of a truly rich society by working in harmony with the environment and by engaging in corporate citizenship activities.

These philosophies apply to our approach to tax. As a global corporation, we believe that paying the right amount of tax at the right time is an important part of our contribution back to society and local communities.

This Global Tax Policy applies to Maxell Holdings, Ltd. and its group subsidiaries (the “Maxell Group”). This has been published for transparency purposes and to address any country specific disclosure requirements*1 .

Governance and risk management
Our Global Tax Policy has been approved by the Board of Directors who is ultimately responsible for tax and finance operations for the Maxell Group. Responsibility for the development and application of tax policies and procedures has been delegated to the Group Finance Director of Maxell Holdings. The Finance Leader of the Maxell Group oversees duties performed by Local Finance & Accounting personnel. Local Finance & Accounting personnel are required to follow minimum control standards which have been defined for each major tax process. We consider our tax risk to be minimized. There is an open line of communication between the management of the Maxell Group to share any commercial matters that may carry an inherent level of tax risk.

Compliance and reporting
In accordance with The Maxell Group Corporate Credo, we comply with all laws and regulations at home and abroad, respecting the culture and customs of each nation and region. We act with the highest sense of ethics and transparency and disclose information in a timely and appropriate manner. Tax compliance activities are performed by a combination in-house specialists and external advisors. We aim to establish sound relations with government tax authorities built on trust and mutual respect, and seek to respond to any enquiries in a prompt, transparent and courteous manner.   

Arranging our taxes
We will utilize available tax incentives where doing so aligns to our business purpose and is in accordance with the intended purpose of the incentives. We manage transfer pricing on an arm’s length basis and follow OECD principles. We take a conservative approach to tax management and do not set up artificial structures which lack commercial purpose for the purposes of reducing our tax. We seek advice from external advisors in handling complex or challenging tax areas. 

  

*1 Including para 19(2) and para 20, Schedule 19, Finance Act 2016 in the UK

Publication date: 20th March 2018

   

 

Maxell Europe Limited, Anti-Slavery and Human Trafficking Statement

Maxell Europe Limited operates a pan European head office and a manufacturing site within the UK. The products Maxell sell are sourced from a broad range of local, national and international suppliers. Many of these international supply chain relationships are sourced and managed by our parent company Hitachi Maxell, Ltd based in Japan. From October 1, 2017 Maxell will split from the corporate group and operate autonomously, from the above date Hitachi Maxell, Ltd will operate as Maxell, Ltd.

Maxell have a current Group Code of Conduct referencing Ethical Trading, which sets out our clear policy on human rights, legislation, child labour, conditions of employment, wages and benefits, health and safety and the environment. The Group Code of Conduct will be reviewed on a regular basis to include our statement on human trafficking.

We undertake all reasonable and practical steps, including factory, warehouse and tied accommodation inspections and audits, to ensure that our standards are being implemented throughout the businesses of our suppliers and that local legislation and regulations are complied with. We will assess any instances of non-compliance on a case-by-case basis and will then take remedial action where appropriate. We will only trade with organisations in our supply chain who fully comply with this policy or those who are taking evidential steps towards compliance.

This statement has been approved by our Board of Directors, who will review and update it as necessary on an annual basis.

 


M Ishiwata
Managing Director
22 August 2017

Click here to view statement

 

 Corporate Citizenship

'‘Corporate Citizenship’ is for many companies just another buzz phrase to pay lip service to. For Maxell, it is a concept that underpins every activity we undertake.

Maxell believes that corporate activity should be run in such a way as to have a positive effect on the world in which we live. For us that means a total commitment to tackling environmental issues and minimising any impact our business might have on our surroundings. To that end, the company has established a series of Environment Promotion Offices to run in conjunction with our manufacturing and trading operations. Their job is to rigorously enforce Maxell’s environment protection policy, and promote new ways of running our business in harmony with the world around us.

The policy stands on four key principles:
•   All production activities must be environmentally considerate
•   A commitment to make products that are environmentally  friendly                  
•   Co-existence with local communities
•   Environmental management, that actively promotes these three principles and aims for harmony among them.

These standards are under constant revision as we strive to meet even stricter targets for emissions and the minimising of environmental impact.

We have built our approach on providing our customers with an efficient, high quality, adaptable and responsive service with continuous improvement.  We take Corporate Social Responsibility and safety very seriously.

Maxell Europe is regularly audited and has passed a Certificate of Approval from Lloyd's Register Quality Assurance to follow the Environmental Management System: ISO 14001:2004.

Click here to view our Environmental Policy

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