JVCKENWOOD leverages its risk management strengths and collaborates with stakeholders inside and outside the company to address ESG issues identified as material issues in strengthening our sustainability management.
Climate change is a material issues that requires global responses. During FY 2021, the JVCKENWOOD Group formulated new basic environmental policy, called "JK Green 2025." This document provides the foundation for setting medium and long-term targets for reductions in our greenhouse gas emissions, but in light of the trends being seen around the world we have decided to further evolve our initiatives to mitigate and adapt to climate change, specifically, by using scenario analysis to identify risks and opportunities and studying ways to enhance our disclosure in line with the TCFD recommendations.
Employees are the drivers of change and growth at JVCKENWOOD. Diversity and inclusion in particular is a key part of management strategy and essential to sustainable growth because of its potential to bring out new ideas and innovations. We endeavor to create workplaces in which people of different races, nationalities, religions, cultures, abilities and disabilities, work styles, ages, genders, sexual orientations and sexual identifications respect each other and each other's values so that each is able to maximize their skills and achieve satisfaction in their jobs. Additionally, the "JVCKENWOOD Health Declaration" formulated in 2016 recognizes that health is the foundation for active, energetic employees, and sets a goal of creating "workplace environment that enables all employees to stay healthy and motivated to work" The company therefore emphasizes effective health management, using a range of KPIs to monitor progress. These efforts bore fruit when JVCKENWOOD was selected by the Ministry of Health, Labour and Welfare for the highest rank in the "Eruboshi Certification,' and by the Ministry of Economy, Trade and Industry for the "Excellence in Corporate Health Management" award for 2022 (the "White 500").
In social issues, our highest priority is on collaborating with stakeholders to address challenges. In addition to coordinating with outside partners to develop and provide products and services that address social issues, we work in close coordination with government agencies and local communities on social activities, including lectures and classes on the environment that are offered to the children who will be the leaders of tomorrow, and programs to protect local natural environments.
In governance, we believe that corporate governance, and particularly the effectiveness of the Board of Directors will continue to be challenges for management to address. The company makes concerted efforts to tackle issues that are identified in evaluations of effectiveness, and also works to improve the quality of the evaluations themselves, establishing highly effective governance structures that will lead to improvements in enterprise value. JVCKENWOOD is also systematically improving its business continuity management (BCM), and these efforts have earned it a "Resilience Certificate" that recognizes organizations who contribute to the development of a more resilient Japan.
Based on international frameworks such as SDGs, we will continue to actively promote solving social issues globally under our sustainability promotion structure. Contributions toward a sustainable society will create business opportunities and lead to profitable growth. We aim to demonstrate our achievements through the evolution of JVCKENWOOD, and will work as one to meet the expectations of our stakeholders based on a commitment to the philosophy of “Creating excitement and peace of mind for the people of the world.”
We appreciate your interest in our initiatives, and your continued understanding and support.