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.
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.
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.
Participation in multilateral initiatives
|The Asahi Kasei Group supports the United Nations Global Compact.|
|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.|
|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."
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
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.
|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.||
|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.||
|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.||
|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.||
|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.||