Tokuyama Group's CSR
Basic Philosophy of Tokuyama's CSR-Oriented Management
Tokuyama approaches its CSR activities in accordance with a basic philosophy of continuously working with society to build a sustainable future by contributing to the resolution of social issues and earning greater trust from various stakeholders with the aim of improving corporate value.
Tokuyama operates a CSR Promotion Council that is chaired by the president and comprises all executive officers in Japan. The Council decides on the policies and goals related to CSR, and facilitates Tokuyama's CSR initiatives. CSR initiatives are anchored in the suitable execution of corporate governance and internal controls, so the CSR Promotion Council also discusses important matters relating to internal controls. The Risk Management and Compliance Committee operates under the CSR Promotion Council, and is chaired by the director responsible for the Corporate Social Responsibility Division. The Committee promotes risk management and compliance, which are central to internal controls. Tokuyama operates committees focused on risk management and compliance in seven critical and specialized areas, separately from the Risk Management and Compliance Committee. The committees operate under the CSR Promotion Council, overseeing the following areas: financial reporting, fair trade and competition, international security trade, information security, environment, safety, and product safety and quality assurance.
Performance in FY2020
Approach to SDGs
The Tokuyama Group is committed to contributing to the achievement of the Sustainable Development Goals (SDGs) adopted by the United Nations General Assembly in September 2015. The Group verifies that its products and business activities are in alignment with the SDGs in the conduct of its business. The Tokuyama Group will continue to pursue R&D with a view to contributing to the SDGs, seeking to be of value to society and remain the choice of customers.
United Nations Global Compact
Tokuyama Corporation has signed the United Nations Global Compact (UNGC). The UNGC is a voluntary effort by corporations and organizations to help build a global framework for sustainable growth. Signatories to the UNGC commit to responsible, creative leadership and actions befitting good members of society. Through their participation, the top management of signatory companies commit themselves to take action and to respond to calls aimed at achieving 10 principles across the four broad areas of human rights, labor, the environment and anti-corruption.
Guided by its raison d'être, "centered on the field of chemistry, the Tokuyama Group will continue to create value that enhances peopleʼs lives," Tokuyama has continued to strengthen its ESG management and to engage in positive activities designed to achieve sustainable development goals in a bid to ensure sustainable growth. Taking this opportunity to participate in the UNGC, the Tokuyama Group as a whole will redouble its efforts to engage in a higher level of ESG management and to help resolve a host of social issues.
The Ten Principles of the UN Global Compact
|Human Rights||Principle 1
Businesses should support and respect the protection of internationally proclaimed human rights; and
make sure that they are not complicit in human rights abuses.
Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
the elimination of all forms of forced and compulsory labour;
the effective abolition of child labour; and
the elimination of discrimination in respect of employment and occupation.
Businesses should support a precautionary approach to environmental challenges;
undertake initiatives to promote greater environmental responsibility; and
encourage the development and diffusion of environmentally friendly technologies.
Businesses should work against corruption in all its forms, including extortion and bribery.