Under VISION 2023, we will deepen our commitment to sustainability management as a priority theme, with a focus on achieving profitable growth and solving social issues globally. In promoting sustainability management, we have identified eight social issues— Society, Labor, Environment, Quality, Economy, Safety, Governance and Value Creation—which are not only closely related to our business, but for which we also feel the company can contribute toward finding solutions. For these eight social issues, we are identifying materiality and setting KPIs (Key Performance Indicators) for managing the progress of problem-solving initiatives while considering how they can be linked to VISION 2023.

Through sustainability management initiatives according to the materiality identified and KPIs set, we will enhance our corporate value not only by achieving VISION 2023 but also by contributing to the achievement of SDGs, as we strive to achieve our Corporate Vision of “Creating excitement and peace of mind for the people of the world.”

We believe that the best way to both achieve profit growth and contribute to the solution of global social issues is to transform ourselves into a company that not only manufactures high-quality products, but offers products and services with added value in the form of solutions.

JVCKENWOOD has always leveraged its strengths as a group to contribute to the solution of major challenges and social issues deeply related to the company and its businesses. Building on the reorganization of FY 2021, we will offer products, services and solutions that address social issues, concentrating on three of our business areas: Mobility & Telematics Services, Safety & Security, and Entertainment Solutions.

The Mobility & Telematics Service Sector boasts a top-class share in the domestic market based on our long-standing technology and know-how. For sustainable growth, further technological innovations are indispensable to meet customer needs that have diversified due to the widespread use of AI and IoT. Telematics services centered on communication-type drive recorders, which contribute to creating a safe and secure driving environment, are a concrete example of this. 

In the Safety & Security Sector, we are working to contribute to urban planning that provides a comfortable lifestyle by developing technologies that help secure the safety of people’s lives in public, including a commercial wireless system technology, security systems that combine IoT technologies with video surveillance technology and image analysis technology, and AI body temperature measurement stations.

In the Entertainment Solutions Sector, we deliver a new and exciting experience to users with the unique out-of-head localization sound field processing technology. We also contribute to a secure and comfortable lifestyle through our products and services, including portable power supplies, air purifiers and sterilizing deodorizers.

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 our corporate vision 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.