Sustainability Management Framework

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 the 2025 Vision, "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 mid- 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 Furukawa Company 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 Furukawa Company 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 "Furukawa Power & Passion 150." 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 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 to CSR/ESG issues as part of our effort to establish a robust corporate foundation.

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

Ideal Image for CSR 2025

The Furukawa Company Group is formulating"CSR2025 Goals" in order to think about what sort of CSR activities should be conducted once Vision for 2025 - "FURUKAWA Power & Passion 150" has been achieved.
The Group is promoting activities to achieve goals in order to continue to be a company that is indispensable and trusted to society.

Ideal Image for CSR 2025

  • The Furukawa Company Group will develop and establish a risk management framework that extends beyond crisis management.
  • All of our employees will be keenly aware of compliance as it applies to the international community.
  • Promote environmental and safety activities (Reduce environmental impacts, protect environment and ensure safety, protect biodiversity, publish environmental and safety activity outcomes, and continue working to ensure there are no accidents or disasters at suspended and abandoned mines)
  • We aim to improve brand strengths of Furukawa products and achieve top rankings in product categories.
  • Our efforts to promote diversification of working styles making use of diverse human resources will culminate in rewarding work environments where it is possible to create new forms of value by maximizing the abilities of each and every employee.
  • We will pursue a QCD*1 approach based on CSR-oriented procurement practices geared to achieving sustainable manufacturing and sales of products that earn the trust of our customers.
  1. *1QCD: Quality, cost, and delivery

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 clar i fy 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 Furukawa Group strives to help achieve the SDGs, established by the international community, through its business activities and ef for ts geared to ful lling itscorporate social responsibilities.

Framework for Promoting Sustainability

In December 2021, the Furukawa Company 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.

The Sustainability Promotion Meeting deliberates on various issues related to sustainability, including formulating basic policies and action plans, establishing a promotion system, verifying and evaluating the status of initiatives, and formulating priority measures, for the Group's sustainability activities. The meeting is held once a year under the chairmanship of the Company's President and Representative Director, and Sustainability Promotion Department is performed as its secretariat.

The meeting's organizational structure consists of the Company's three committees (Compliance Committee, Environmental & Safety Management Committee, and Quality Assurance Committee) and three departments (Sustainability Promotion Department, Human Resources & General Affairs Department, and Purchasing Department). The meeting takes a PDCA cycle approach to planning, implementation, evaluation, and improvement, in coordination with respective Group companies and Company departments, which are responsible for the execution of sustainability.

The meeting will also work closely with the Risk Management Committee, which was newly established as a replacement organization of the former Risk Management Committee that was abolished in December 2021 in order to deal with enterprise risk management, and respond to any changes in the business environment and strengthen the Group's management base.

Relationships with Stakeholders

In the course of strengthening our CSR activities 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.
Stakeholders Responsibilities
Employees We shall create safe, healthy, and motivating workplaces in which our diversified human resources can excel while adopting appropriate evaluation standards and fair incentives.
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.

List of Policies and Principles Relating to Sustainability