Basic approach/Framework for promoting Sustainability

Sustainability Management

The Furukawa Company Group has positioned efforts toward sustainability as one of its most important management issues. In addition to contributing to help realize a sustainable society, the Group is committed to achieving sustainable growth and increasing medium- to long-term corporate value by establishing a robust corporate foundation for growth and resolving social issues through its business.
The initiatives to realize this basic policy are as follows.

1. Defensive sustainability: Establishing a robust corporate foundation for growth
In order to establish a robust corporate foundation for growth, the Group will strengthen and expand its enterprise risk management system and increase corporate value by emphasizing business practices that reflect CSR/ESG issues recognized and to be solved by the Group.

2. Aggressive sustainability: Resolving social issues through business
In addition to increasing the value of the Furukawa brand through “marketing-based management” that incorporates CSV^*1 perspectives, the Group will create corporate value and contribute to the creation of social value by developing infrastructure and providing products, technologies, and services that help to resolve social issues.

*CSV (Creating Shared Value): A management framework that enables companies to co-create social value and corporate value by tackling social, environmental, and other issues.

The Furukawa Company Group Basic Policy on Sustainability Initiatives[PDF:147KB]

Development of a Sustainable Society

Helping to Address Challenges Encountered Worldwide

In September 2015, the United Nations General Assembly adopted its Sustainable Development Goals (SDGs) and presented an action plan for human and environmental prosperity. The SDGs consist of 17 goals and 169 targets looking toward 2030, such that help clarify priority global-scale issues and a worldwide vision related to sustainable development and are intended to encourage global-scale initiatives to address those issues.
The Group strives to help achieve the SDGs, established by the international community, through its business activities and efforts geared to fulfilling its corporate social responsibilities.

Framework for Promoting Sustainability

In December 2021, the Group reorganized its CSR Promotion Meeting, which had been established in FURUKAWA CO., LTD. in order to vigorously promote CSR initiatives, into the Sustainability Promotion Meeting to strengthen its sustainability initiatives. By implementing this reorganization, the Group is actively working to resolve issues related to sustainability by clarifying its responsibilities to its stakeholders, and identifying priority issues that need to be addressed to realize "The Furukawa Company Group Basic Policy on Sustainability Initiatives."

The Sustainability Promotion Meeting convenes annually as a rule with our President & Representative Director as the Chairperson and the Sustainability Promotion Department as its Secretariat.
The Meeting deliberates on a variety of sustainability and CSR issues , including formulation of basic policy and action plans for the Group's sustainability and CSR activities, establishment of promotion framework, verification and evaluation of the status of activities, education and public information measures, and so on.

Other serving members of the Sustainability Promotion Meeting are the Company's directors and the president of every core operating company as well as the chairperson of the Compliance Committee, the Environmental & Safety Management Committee, and the Quality Assurance Committee, which are the Company's organizations, together with the heads of the Company's Sustainability Promotion Department, Human Resources & General Affairs Department, and Purchasing Department. The members consider the substance of deliberations and matters raised during the meeting and take steps to coordinate with the Group companies and departments that are the implementation bodies for sustainability and CSR activities, implementing the PDCA cycles of planning, execution, evaluation, and improvement.

They also coordinate with the new Risk Management Committee, which is the organization that engage in the enterprise risk management system. This Committee replaces the previous Risk Management Committee which was disbanded in December 2021.We will continue to improve these frameworks for reducing risk and maximizing opportunity in Group businesses.

Relationships with Stakeholders

In the course of strengthening our sustainability initiatives and implementing our Management Philosophy, we have identified our stakeholders as follows: customers, business partners, shareholders and investors, employees, local communities, and the global environment.

Moreover, we aim to build relationships of trust and accordingly maximize our corporate value by engaging in appropriate communications that involve clearly conveying our responsibilities to each group of stakeholders.

Stakeholders	Responsibilities	Opportunities and Means for Communication
Customers	We shall provide customers with safe, high-quality products and services in order to increase satisfaction levels.	Service activities, sales activities, websites, exhibitions, meetings to exchange views with distributors and agencies, etc.
Business partners	We shall build and maintain mutually beneficial relationships conducive to harmonious coexistence through stable procurement activities based on the principles of fairness and economic rationality.	Procurement activities and information exchanges, Sustainable Procurement Guidelines, CSR surveys, technical guidance, production briefings, etc.
Shareholders and investors	We shall work to maximize corporate value through communications focusing on timely and appropriate information disclosure and IR activities.	Results briefings, shareholders’ meetings, IR meetings with institutional investors and analysts, factory tours, integrated reports and other such IR tools, information disclosure on the website, distribution of IR news, etc.
Employees	We shall create safe, healthy, and motivating workplaces in which our diversified human resources can excel while adopting appropriate evaluation standards and fair treatment.	Sustainable Procurement Guidelines, personnel performance evaluation and target evaluation system, self-assessment system, discussions between management and labor unions, employee surveys, internal reporting system, etc.
Local communities	We shall build and maintain favorable relationships of trust by pursuing social contribution activities aimed at harmonious coexistence with local communities.	Contributions to local communities through business, participation in volunteer activities, etc.
Global environment	We shall protect biodiversity by developing environmentally friendly technologies and products while cutting CO2 emissions and minimizing the environmental impact of our activities through savings of energy and resources and reduction of waste.	Cooperation with groups and NPOs that engage in tree planting activities, ecosystem restoration and recovery activities with local residents, disclosure of integrated reports and sustainability books that include environmental data, etc.