Governance Structure

We position sustainability as a key management issue and have incorporated it into our management policy. Based on our understanding of the business environment and our corporate philosophy, we have established Long-Term Vision, key performance indicators (KPIs) for that vision, and targets for fiscal years 2030 and 2050, after deliberation at management meetings and on the board of directors. We also incorporate these KPIs into our management processes.

Furthermore, a Sustainability Committee has been established directly under the Board of Directors to formulate and manage the progress of sustainability activity plans aimed at achieving Long-Term Vision and KPIs. The committee is chaired by the Representative Executive Officer, President (Chief Executive Officer), with all Executive Officers, including those based overseas, and the Audit Committee Secretariat in attendance. The committee meets twice a year. The committee deliberates and decides on the formulation of medium- to long-term goals and the necessary responses based on legal regulations and the needs of stakeholders., 

Matters deemed to have a significant impact on business operations are submitted to and reported to the Management Meeting and the Board of Directors, where the Board oversees strategies, KPIs, and medium- to long-term goals, as well as their progress, and makes final deliberations and decisions. In addition, a Sustainability Working Group has been established as the operational body for promoting sustainability activities.

The group is chaired by Representative Executive Officer, Executive Vice President and its members are selected from each department. It is responsible for the concrete consideration and implementation of sustainability activities (including climate change response) across the entire company, and promotes these activities. The results of these considerations and the status of these activities are regularly reported to management through the Sustainability Conference, and a system is in place to reflect this in monitoring and decision-making.,

Integration with risk management

Under the supervision of the Board of Directors, our company promotes its sustainability strategy and manages ESG issues in an integrated manner. Issues such as human rights and compliance are identified and assessed within the framework of company-wide risk management by the Risk Management Committee (chaired by the President Executive Officer), and significant risks are reported to the Board of Directors.

For more details, please see the Risk Management page.