FSG Code of Ethics


With the mission statement of "Each day with renewed commitment, we create new value through packaging", the Fuji Seal Group ("FSG") endeavors to achieve sustainable growth and enhance its corporate value over the mid to long-term for our stakeholders including our customers, employees, business partners, shareholders, and society. In order to realize these goals, FSG established the "Fuji Seal Way 2021", and it represents the Value Behaviors that have been in place since the company's founding, such as Presenting hypotheses with an Awareness of Issues & Sense of Ownership, and Heated discussion during the creation process.

This FSG Code of Ethics (hereinafter "FSG Code") consists of Ethical Standard and Code of Conduct. Ethical Standard is the universal values to be observed and followed by every board of director, operating officer and employee of FSG (hereinafter "FSG Personnel") from the corporate ethical standpoint. The FSG Code of Conduct contains standards of behavior to support faithful implementation of the FSG Ethical Standards.

FSG is committed to comply with the FSG Code and requests all FSG Personnel to understand and observe the FSG Code of Conduct.


The FSG Code applies to the directors, executive officers, officers and all employees of 1) Fuji Seal International, Inc. ("FSI"), 2) Companies in which FSI holds a majority of issued voting shares or equity directly or indirectly and 3) other companies in which FSI Board of Directors determines that the FSG Code of Conduct applies.

FSG Ethical Standards

  1. 1Compliance of Laws, Regulations, Rules and Policies, and Honest and Ethical Business practice

    FSG's policy is to comply with all applicable laws and regulations of the countries and regions in which FSG conducts its business and to conduct its business in an honest and ethical manner.
    FSG Personnel shall comply with all applicable laws and regulations, as well as all internal company rules and policies (hereinafter "LAWS") related to their business activities. It is the responsibility of FSG Personnel to understand, implement and comply with all the requirements of LAWS.

  2. 2Relationship with Stakeholders

    Pursuing sustainable growth and increasing corporate value through sound business activities is the basis of FSG's responsibility to stakeholders, including customers, employees, business partners, shareholders, and society.
    FSG recognizes that FSG's business activities have direct and indirect impact on society, therefore, the business practices of FSG require that business decisions give due consideration to the interests of its stakeholders.
    FSG Personnel will conduct the business of FSG accordingly.

  3. 3Appreciating diversity

    FSG conducts its business worldwide. Conduct which is socially and professionally acceptable in one culture or region may be viewed differently in another region.
    Therefore, FSG Personnel are required to understand the cultural and regional differences while performing their duties.

  4. 4Principles of Business Execution

    FSG Personnel will make each business decisions in good faith, based on sufficient information and with confidence that they are the best interest of FSG.
    FSG Personnel will also verify that these decisions fulfill at least each the following conditions:

    1. 1)Legal and fair decision making (the decision complies with LAWS)
    2. 2)No conflict of interest (no personal interest or self-dealing transactions exist)
    3. 3)Have clear scope of responsibility (the decision is made within the scope of authority granted by the respective company)
    4. 4)Prudent decision (the decision is made based on sufficient information, and only after exercising reasonable diligence to acquire familiarity with the concerned facts as much as possible)
    5. 5)Consideration in good faith (reasonable confidence in the respective company's best choice)
    6. 6)No abuse of discretion (the decision is made based on the reasonable exercise of discretion)

FSG Code of Conduct

  1. 1Respects for Human Rights
    1. 1.1Diversity, Equity and Inclusion
    2. 1.2Equal Employment Opportunity
    3. 1.3Prohibition of Forced and Child Labor
    4. 1.4Sound Employment and Labor
    5. 1.5Work Environment
  1. 2Faithful and Fair Business Activity
    1. 2.1Safety of Products and Services
    2. 2.2Environmental Management
    3. 2.3Fair Competition
    4. 2.4Disclosure of Corporate Information
    5. 2.5Public Relations (“PR”)
    6. 2.6Fair Procurement and Relationship with Business Partners
    7. 2.7Gifts and Entertainments
    8. 2.8Relationship with Local Communities
    9. 2.9Antisocial Behavior
  1. 3Management and Recordkeeping of Information and Assets
    1. 3.1Personal Information
    2. 3.2Intellectual Property
    3. 3.3Confidential Information
    4. 3.4Insider Trading
    5. 3.5Corporate Assets
    6. 3.6Recording and Reporting of information

For the details please refer to