We are pleased to announce that it has signed the United Nations Global Compact ("UNGC") initiative proposed by the United Nations in May 2020 and we have also joined the Global Compact Network Japan, the compact's local network in Japan.
The UNGC is a voluntary initiative to participate in creating a global framework for sustainable growth.
In conducting their business operations, UNGC signatory companies and organizations are required to support the initiative's ten principles in the four fields of human rights, labour, the environment, and anti-corruption.
Under the corporate philosophy "to deliver high-quality services that will help make the world a better place for people and nature for generations to come," our group strives to achieve sustainable growth by solving issues and creating "values" through various "collaborative innovation."
| Human Rights | Principle1 | Businesses should support and respect the protection of internationally proclaimed human rights; and |
|---|---|---|
| Principle2 | make sure that they are not complicit in human rights abuses. | |
| Labour | Principle3 | Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining; |
| Principle4 | the elimination of all forms of forced and compulsory labour; | |
| Principle5 | the effective abolition of child labour; and | |
| Principle6 | the elimination of discrimination in respect of employment and occupation. | |
| Environment | Principle7 | Businesses should support a precautionary approach to environmental challenges; |
| Principle8 | undertake initiatives to promote greater environmental responsibility; and | |
| Principle9 | encourage the development and diffusion of environmentally friendly technologies. | |
| Anti-Corruption | Principle10 | Businesses should work against corruption in all its forms, including extortion and bribery. |
In September 2021, we announced our endorsement of the TCFD (Task Force on Climate-related Financial Disclosure)*recommendations. Based on the TCFD recommendations, we will identify risks to and opportunities for business posed by climate change, assess the financial impact through scenario analysis, and promote climate change response through the consideration and implementation of countermeasures and disclosure of information.
*Task Force on Climate-related Financial Disclosures (TCFD) : A project team established in 2015 by the Financial Stability Board (FSB), an international organization for stability of financial systems, in order to consider methods of disclosure of management and financial plans that take into account climate change.
Please refer to "Integrated Report 2023" for details of Climate Change Initiatives.
We declared our endorsement for the "GX League Basic Concept" announced by the Ministry of Economy, Trade and Industry in October 2022.
The GX League was established with the aim of realizing carbon neutrality by 2050 and social transformation, as a place for companies that actively engage in GX to work together with governments, universities, financial institutions, etc. to discuss the transformation of the entire economic and social system, and practice to create new markets. Our Group will promote initiatives aimed at the realization of carbon neutrality through "collaborative innovation" with a variety of companies and organizations.
Please refer to below for details.
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