Basic approach/Framework for promoting Sustainability

Sustainability Management

The Furukawa Company Group has been promoting its business activities such as full-scale manufacturing and structural development carried out thus far, as well as various CSR activities involving environmental conservation, social contribution, and human resource development, while reinforcing its governance framework and compliance practices. The Group will continue to promote these CSR activities, and promote initiatives around sustainability as stated in Vision for 2025, "increase the value of the Furukawa brand through 'marketing-based management' that incorporates CSV* perspectives" and "increase corporate value by emphasizing business practices that reflect CSR/ESG issues recognized and to be solved by the Group" more strongly than before, in order to achieve sustainable growth and enhance corporate value over the medium to long term.

  • *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.

Management Philosophy

In order to respond to anticipated changes in the business environment, the Group established its Management Philosophy and Action Guidelines, which express the shared values of the Group's officers and employees using language that is easy to understand, on August 8, 2015, which marks the Company's 140th anniversary.

In order for the Company to remain necessary and trusted in modern society with its diverse values, it was determined that it is necessary to further improve, and this new Management Philosophy was developed to address this need. The Corporate Philosophy developed in May 1999 will remain in place in the form of the Action Guidelines.

Please refer to the following about the Furukawa Company Group Management Philosophy:

"FURUKAWA Power & Passion 150," our Vision for 2025

The Group considers 2015 to be an important turning point as it gets closer to its 150th anniversary. As such, it has formulated policies to achieve Vision for 2025 "FURUKAWA Power & Passion 150," from the long-term perspective of looking forward 10 years in the future.
On May 8, 2020, we made partial revisions to Vision for 2025. We did this in advance of our entry into Phase 2 of Vision for 2025 to reaffirm of the reason for our existence and mission contained in the phrase "The Furukawa Company Group will remain indispensable to society" from our Group's Management Philosophy, incorporate the perspectives of CSV into the marketing-based management we promote as a Group in order to redefine it, and clarify our intent to improve the corporate value of the Group through business operation conscious of CSR/ESG issues as part of our effort to establish a robust corporate foundation.

Please refer to the following about Vision for 2025 "FURUKAWA Power & Passion 150":

Ideal Image for Sustainability 2025

In 2016, the Furukawa Company Group formlated "Ideal Image for CSR 2025" in order to think about what sort of CSR activities should be conducted once Vision for 2025 "FURUKAWA Power & Passion 150" has been achieved, in May 2023, we changed the name to "Ideal Image for Sustainability 2025" .
The Group is promoting activities to achieve the ideal image in order to continue to be a company that is indispensable to and trusted by society.

Ideal Image for Sustainability 2025(Revised in May 2023)

Ideal Image for CSR 2025(Revised on May 2022)

Development of a Sustainable Society

SDGs: Sustainable Development Goals

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.

Framework for Promoting Sustainability

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
Customers We shall provide customers with safe, high-quality products and services in order to increase satisfaction levels.
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.
Shareholders and investors We shall work to maximize corporate value through communications focusing on timely and appropriate information disclosure and IR activities.
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.
Local communities We shall build and maintain favorable relationships of trust by pursuing social contribution activities aimed at harmonious coexistence with local communities.
Global environment We shall protect biodiversity by developing environmentally friendly technologies and products while minimizing the environmental impact of our activities through savings of energy and resources and reduction of waste.