Basic Approach
EXEDY Group's Sustainability
Corporate philosophy: "Creation of Fulfillment"
EXEDY Group's corporate philosophy is "Creation of Fulfillment." This philosophy aims to create "Fulfillment for our Customers," "Fulfillment for Society," and "Fulfillment for our EXEDY Family," and as a result, "Contribution to Shareholders." This philosophy has remained unchanged since our founding and is the foundation of all our corporate activities.
Contributing to society through business
As an automotive parts manufacturer, we support safe and comfortable mobility for people around the world through drivetrain components such as clutches and torque converters. At the same time, we contribute to the transition to a decarbonized society through the development of electrified products and innovation in energy-saving technologies. In Long-Term Vision, we have placed human capital strengthening strategies (promoting the active participation and engagement of diverse talent), social and relationship capital strengthening strategies (sustainable procurement and community coexistence), and natural capital strengthening strategies (carbon neutrality by 2050 and resource recycling) at the core of our management strategy, practicing management that balances the enhancement of corporate value with the resolution of social issues.
Responsibility for a Sustainable Society
We have identified climate change response, respect for human rights, promotion of diversity, and strengthening corporate governance as material issues, and we are working on them company-wide under the supervision of the Board of Directors. We promote management that emphasizes transparency and effectiveness, including climate change information disclosure in accordance with TCFD recommendations, implementation of human rights due diligence, and a Board of Directors structure in which outside directors make up the majority. We will contribute to the realization of a sustainable society through dialogue with all stakeholders.
Relationship with Corporate Philosophy & Value Creation Diagram
Value Creation Process
Based on our understanding of the business environment, our group has formulated priority issues (materiality) and our corporate philosophy, and has set forth our desired future state for each timeframe.
To achieve our vision, we will enhance ”Earning Power" by leveraging our management capital, value creation foundation, and strengths, and through a business cycle of reinvesting the earned funds into growth investments and human capital, we will realize our corporate philosophy and improve corporate value.
Sustainability Policy
Under our corporate philosophy of "Creation of Fulfillment," we aim to achieve both the realization of a sustainable society and the enhancement of corporate value. To translate this philosophy into concrete actions, we have established the following "Sustainability Policy."
Sustainability Policy
Basic Policy
All employees of the EXEDY Group will actively contribute to the sustainable development of society through the practice of honest business activities based on the following 11 items.
Activity Policy
1. Sustainable economic growth and solving social issues
We will develop and provide products and services that are useful and safe for society, and strive to achieve sustainable economic growth and resolve social issues.
2. Compliance with laws and regulations and anti-corruption practices
We strive to conduct fair business activities by complying with applicable domestic and international laws and regulations, respecting the culture and history of each region, and maintaining healthy relationships with local governments. In particular, we strive to prevent all forms of corruption, including the extortion of benefits, bribery, bid rigging, conflicts of interest, money laundering, and improper accounting practices, and will not engage in any violations of laws and regulations related to competition laws, bribery control laws, export control laws, etc.
3. Respect for human rights
We adhere to the EXEDY Group Human Rights Policy and respect the human rights of all people.
4. Work style reform and improvement of the working environment
We strive to improve the capabilities of our employees and realize work styles that respect diversity, individuality, and personality. We also provide a comfortable working environment that takes into consideration health and safety.
5. Addressing environmental issues
Addressing environmental issues is a common challenge for all of humanity, and we will proactively take action, recognizing it as an essential requirement for our corporate existence and business activities.
6. Fair Operating Practices
We strive for fair and free competition, fair trade, and responsible procurement activities. We also respect our business partners as equals and strive for mutual prosperity throughout the supply chain.
7. Information disclosure and constructive dialogue with stakeholders
We will disclose corporate information proactively, effectively and fairly, and engage in constructive dialogue with a wide range of stakeholders surrounding the company in order to increase our corporate value.
8. Trust with customers
We strive to provide customers with appropriate information about products and services, communicate sincerely with them, and gain their satisfaction and trust.
9. Participation in society and contribution to development
As a "good corporate citizen," we will actively participate in society and contribute to its development.
10. Thorough risk management
We will thoroughly implement organizational risk management in preparation for actions by antisocial forces that pose a threat to citizens' lives and corporate activities, as well as terrorism, cyber attacks, natural disasters, and other such threats.
11. Role of Top Management and Thorough Implementation of This Policy
Top management will recognize that it is their role to realize this policy, will thoroughly disseminate it throughout the Group, and will encourage their supply chain to act in accordance with the spirit of this policy.
Furthermore, in the event of conduct that violates this policy and results in a loss of public trust, we will take the initiative in working to resolve the problem and prevent it from recurring.