CSR at the Asahi Kasei Group

Approach to CSR

We believe that CSR is achieved by raising corporate value for our various stakeholders through our business operations in accordance with our Group Mission of contributing to life and living for people around the world.

In addition, based on a clear understanding of the effects of our operations on the global environment and local communities, our efforts and actions related to CSR are focused on four CSR Fundamentals: Compliance, Responsible Care, Corporate Citizenship, and Respect for Employee Individuality.

CSR in Action CSR Fundamentals > Creating for Tomorrow [Mission]Contributing to life and living for people around the world [Vision]Providing new value to society by enabling "living in health and comfort" and "harmony with the natural environment" [Values]Sincerity, Challenge, Creativity > Sustainable increase in corporate value

Structure and organization for CSR

In order to promote separate important activities regarding CSR more efficiently and decisively, we have four committees under the direct supervision of the Asahi Kasei President. The Risk Management & Compliance Committee and Responsible Care Committee are chaired by the Asahi Kasei President. The Community Fellowship Committee is chaired by an executive officer appointed by the president, and the Global Environment Committee is chaired by the executive officer for ESH.

Framework for CSR advancement (as of September 1, 2018)
Framework for CSR advancement (as of September 1, 2018)

Materiality

We are advancing our “Cs for Tomorrow 2018” medium-term management initiative with a focus on providing solutions to society's challenges for "clean environmental energy" and "healthy and comfortable longevity with peace of mind." Ever since our company was founded with the aim of "improving human culture," we have constantly striven to contribute to society through our businesses. To advance a growth strategy that embraces environmental, social, and governance (ESG) aspects of management, and to ensure that we continuously make proactive contributions to the betterment of society as we have done in the past, in fiscal 2017 we identified important issues to address and mapped them as "Materiality of the Asahi Kasei Group."

Degrees of importance were evaluated along two axes, importance for stakeholders and importance for the Asahi Kasei Group, considering ISO26000, GRI standards, and key elements of ESG. Moving forward, we will establish key performance indicators (KPIs) while incorporating the perspectives of various stakeholders.

Highest priority for mapping below| Governance|Human rights|Compliance/sincerity|Safety/quality Importance for stakeholders[Extremely important] Importance for the Asahi Kasei Group[Important] Greenhouse gas(Harmony with the environment) Wastewater(Harmony with the environment) Industrial waste(Harmony with the environment) Importance for stakeholders[Extremely important] Importance for the Asahi Kasei Group[Extremely important] Global environment(Harmony with the environment, Business contribution to) Health and longevity(Living in health and comfort, Business contribution to)Comfortable life(Living in health and comfort, Business contribution to) Supply chain management(Basic activity) Communication with stakeholders(Basic activity) Importance for stakeholders[Important] Importance for the Asahi Kasei Group[Important] Biodiversity(Harmony with the environment) Social contribution(Basic activity) Importance for stakeholders[Important] Importance for the Asahi Kasei Group[Extremely important] Human resources(Basic activity) Diversity(Basic activity) Risk management(Basic activity)

Participation in multilateral initiatives

THE GLOBAL COMPACT Network Japan WE SUPPORT
The Asahi Kasei Group supports the United Nations Global Compact.
Business Call to Action
Business Call to Action (BCtA), a multilateral alliance led by the United Nations Development Programme (UNDP), challenges companies to advance core business activities that contribute to the achievement of the Sustainable Development Goals (SDGs). Asahi Kasei joined with an initiative to support the fiber industry in India throughout the supply chain for Bemberg™ cupro.
Satoyama Initiative
Initiated by Japan's Ministry of the Environment and the United Nations University Institute for the Advanced Study of Sustainability, the Satoyama Initiative advances global activities to promote harmony with the environment.

Membership in organizations

Name of organization Asahi Kasei's role
Japan Business Federation (Keidanren) Chair of Committee on Environment and Safety
Japan Chemical Industry Association (JCIA) Vice Chairman
Japan Network for Promoting the Satoyama Initiative Founding member

Asahi Kasei Group effort for the SDGs

The 2030 Agenda for Sustainable Development was adopted by the UN Sustainable Development Summit in September 2015, including 17 Sustainable Development Goals (SDGs) and 169 targets such as ending poverty and inequality and taking action on climate change. The Asahi Kasei Group contributes to achievement of the SDGs through diverse businesses that provide new value to society by enabling "living in health and comfort" and "harmony with the natural environment."

SUSTAINABLE DEVELOPMENT GOALS 17GOALS TO TRANSFORM OUR WORLD 1 NO POVERTY 2 ZERO HUNGER 3 GOOD HEALTH AND WELL-BEING 4 QUALITY EDUCATION 5 GENDER EQUALTY 6 CLEAN WATER AND SANITATION 7 AFFORDABLE AND CLEAN ENERGY 8 DECENT WORK AND ECONOMIC GROWTH 9 INDUSTTY,INNOVATION AND INFRASTRUCTURE 10 REDUCED INEQUALITIES 11 SUSTAINABLE CITIES AND COMMUNITIES 12 RESPONSIBLE CONSUMPTION AND PRODUCTION 13 CLIMATE ACTION 14 LIFE BELLOW WATER 15 LIFE ON LAND 16 PEACE,JUSTICE AND STRONG INSTITUTIONS 17 PARTNERSHIPS FOR THE GOALS SUSTAINABLE DEVELOPMENT GOALS

External evaluation

Inclusion in socially responsible investment indexes (fiscal 2017)

  • FTSE4Good Index
  • FTSE Blossom Japan Index
  • MSCI Japan Empowering Women Index (WIN)
  • Morningstar Socially Responsible Investment Index
FTSE4Good
FTSE Blossom Japan
MSCI Japan Empowering Women Index (WIN)
Morningstar Socially Responsible Investment Index

Climate-change effort ranked "A-" by CDP

Our effort with respect to climate change was given an evaluation of "A-" by CDP for three consecutive years from fiscal 2015 to fiscal 2017.

Relationships with Stakeholders

Our business operations depend on relationships of trust with our stakeholders. We believe that corporate value is raised by understanding the requirements and meeting the expectations of various stakeholders such as customers, suppliers, shareholders, investors, the general public, local communities, and employees. We provide many opportunities for communication to enable our business operations to be improved through dialog with stakeholders.

Asahi Kasei Group CSR
Main stakeholders Basic premises Main opportunities for communication
Customers We believe that it is by maintaining customer satisfaction that our products and services contribute to society.
  • Face-to-face discussion by marketing and sales personnel
  • Taking inquiries via telephone, website, etc.
Shareholders and investors We strive to disclose information in a timely and fair manner to enable our domestic and international investors to gain an accurate understanding of the Asahi Kasei Group.
  • Meeting with securities analysts and institutional investors
  • Seminars for individual investors
  • Website disclosure of information
  • Taking inquiries via telephone, website, etc.
Suppliers A relationship of mutual trust with our suppliers is fostered through fair and principled purchasing practices based on regulatory compliance and respect for the environment and human rights.
  • Safety discussion forums
  • CSR surveys
Local communities and the general public We work to honor and respect the local culture of each community where our operations are based, and to maintain effective dialog and communication with community members.
  • Periodic community dialog meetings
  • Community outreach initiatives
Employees The Asahi Kasei Group considers fulfilling and satisfying working conditions and workplace culture, in which personnel feel motivated to achieve and take pride in their career, to be a key to business performance.
  • Training and interviews
  • Discussion and interaction with management
  • Internal magazine and intranet
  • Compliance hotline