Sustainability at the Asahi Kasei Group
The Asahi Kasei Group has set "contributing to life and living for people around the world" as our Group Mission, and we have grown through repeated contribution to solving social issues. Our commitment to solving social issues has been a constant ever since our company was founded with the aim of "improving human culture."
Today, discussions aimed at achieving "sustainable society" are taking place around the world. Since the challenge of a "sustainable society" is a challenge that concerns people and the global environment, the Asahi Kasei Group believes that the pursuit of "living in health and comfort" and "harmony with the natural environment" set out in our Group Vision will lead to "sustainable society."
In "Cs+ for Tomorrow 2021," our new three-year medium-term management initiative, launched in fiscal 2019, we expressed the stance of the Asahi Kasei Group, which will continue contributing to sustainable development for people and the Earth going forward, in the phrase "Care for People, Care for Earth." This expresses the approach to sustainability that the Asahi Kasei Group aims for. The mission of the Asahi Kasei Group is to continue proactively contributing to the world as a leader in solving social issues, carrying on the commitment we have had since the founding of our company.
"Enhancing sustainable growth of corporate value" in conjunction with "contributing to sustainable society" is also important. "Contributing to sustainable society" produces business profit, which enhances the corporate value of the Asahi Kasei Group. Enhancing corporate value will lead in turn to further "contribution to sustainable society" through business development.
Sustainability for Asahi Kasei means achieving the two mutually reinforcing aspects of sustainability, "contributing to sustainable society" and "enhancing sustainable growth of corporate value."
Actions for sustainability throughout the Asahi Kasei Group are guided by our Sustainability Committee in coordination with the more specialized Risk Management & Compliance Committee and Responsible Care Committee which implement individual projects. All three of these committees are chaired by the President of Asahi Kasei. Our Global Environment Committee, chaired by the Executive Officer for Technology Functions, holds specialized discussions on global environmental measures as a subcommittee of the Sustainability Committee.
Message from the General Manager, Sustainability Strategy Planning Department
The Sustainability Strategy Planning Department, a dedicated unit to promote sustainability across the Group, was inaugurated together with the launch of the new medium-term management initiative in fiscal 2019.
Medium-term management plans tend to focus on financial aspects, particularly sales and profit, in terms of increasing corporate value, but we believe that true corporate value is only manifested when non-financial aspects are also in place, including what to do and how to do it. Asahi Kasei has always been proactive about CSR activities, including Responsible Care activities such as reducing environmental impacts in manufacturing, safety and disaster prevention, and employee health, as well as responsible actions and engagement with customers, investors, local communities and other stakeholders, and social contribution activities. In addition, we have been committed to providing social value through our business activities since the founding of our company. However, now that sustainability is recognized as a global challenge, we consider it important to supervise the Group on sustainability, promote management based on a sustainability perspective, and to communicate our activities in an easy-to-understand manner.
We will strive to listen to the opinions of stakeholders while continuing to enhance the value of Asahi Kasei.
General Manager, Sustainability Strategy Planning Department
Asahi Kasei Corp.
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."
In fiscal 2017 we organized priority issues and themes to address and identified them as the 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. We organized the relationships between this materiality and the sustainable development goals (SDGs) as follows. Moving forward, we will establish key performance indicators (KPIs) while incorporating the perspectives of various stakeholders.
* Contribution through business
|Theme||Materiality||Related SDGs||Supervising organization
(Joint supervision: Sustainability Strategy Planning Department)
|Harmony with the environment
We position initiatives for the global environment as important issues, and we are working on measures regarding climate change, preservation of biodiversity, development of a recycling-oriented society, and other initiatives.
|Global environment*||Each business division and operating company
Corporate Research & Development
|Greenhouse gas||Corporate ESH|
|Industrial waste||Corporate ESH|
|Living in health and comfort
We will contribute to healthy and comfortable lifestyles and affluent living with our distinctive products and technical capabilities.
|Health and longevity*||Each business division and operating company
Corporate Research & Development
|Comfortable life*||Each business division and operating company
Corporate Research & Development
We will strengthen the base for business development, leading to the creation of new value.
|Compliance /sincerity||General Affairs|
|Risk management||General Affairs|
|Safety/quality||Corporate ESH/Corporate Quality Ensurance|
|Human rights||Human Resources /Corporate Procurement & Logistics|
|Human resources||Human Resources|
|Supply chain management||Corporate Procurement & Logistics|
|Communication with stakeholders||Investor Relations /Human Resources /General Affairs and others|
|Social contribution||General Affairs|
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.|
|Clean Ocean Material Alliance (CLOMA)||The Clean Ocean Material Alliance (CLOMA) is a platform established to accelerate innovation by strengthening collaboration among a wide range of stakeholders across industry sectors amid a need to implement worldwide initiatives to overcome the marine plastic litter problem, a global-scale challenge.|
|White Logistics Movement||The White Logistics Movement is aimed at ensuring stability in logistics needed for people's daily lives and industrial activity and contributing to economic growth in response to the truck driver shortage, which continues to intensify. The Ministry of Land, Infrastructure, Transport and Tourism, the Ministry of Economy, Trade and Industry, and the Ministry of Agriculture, Forestry and Fisheries are the advocates of the movement.
Asahi Kasei has made a statement of voluntary action endorsing the movement and is working to improve logistics.
Membership in organizations
|Name of organization||Asahi Kasei's role|
|Japan Business Federation (Keidanren)||Vice Chair of Board of Councillors
Chair of Committee on Environment and Safety,
Chair of Committee on Social Security
|Japan Chemical Industry Association (JCIA)||Vice Chairman|
Inclusion in socially responsible investment indexes (fiscal 2018)
- FTSE4Good Index
- FTSE Blossom Japan Index
- MSCI Japan Empowering Women Index (WIN)
Climate-change effort ranked "A-" by CDP
Our effort with respect to climate change was given an evaluation of "A-" by CDP for 4 consecutive years from fiscal 2015 to fiscal 2018.
5-Star Certification Obtained in 3rd Nikkei Smart Work Management Survey
Asahi Kasei obtained 5-Star Certification, the highest ranking, in the 3rd Nikkei Smart Work Management Survey, which identifies leading companies in efforts to achieve a productivity revolution through workstyle reforms.
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.||