As the world undergoes drastic changes due to international situations and other factors, there is growing concern about the sustainability of society, including climate change and human rights. Companies are expected to play a role in promoting a virtuous cycle among society, the environment, and the economy, and in driving the realization of a sustainable society. Without working to improve social value, it is no longer possible to realize increased corporate value.

In this environment, we believe that in order to respond to changes in social situations, we must strive to accurately grasp information and strengthen engagement with stakeholders, and aim to enhance corporate value and realize a sustainable society by pursuing both "profitable growth" and "solving social issues on a global scale." Based on our corporate philosophy of "Creating excitement and peace of mind for the people of the world," we will leverage the Group's strengths in visuals, audio, and communications to provide products and services that help protect each person's safe and secure life.

The JVC Kenwood Group enhances sustainability by basing decisions and actions within the group on "Integrated Thinking," appropriately allocating capital and fostering a cycle of decision-making and actions conscious of medium- to long-term value creation.

In April 2018, JVCKENWOOD established the position as an executive in charge under the supervision of the Board of Directors, as well as a Sustainability Management Office and a system for rapidly implementing our Sustainability Management Strategy under the CSO’s purview. The Sustainability Management Office is responsible for implementing the company-wide Sustainability Management Strategy and for managing progress in implementing the strategy, as well as for periodically reviewing material issues and KPIs (Key Performance Indicators) and enhancing the disclosure of sustainability-related information.

In pursuing the Sustainability Management Strategy across the company, it is essential to foster awareness of the issues faced and understanding of sustainability within the company. To those ends, the Sustainability Management Office actively communicates with the relevant departments and sections and takes the lead in efforts linking business to sustainability. The head of the Sustainability Management Office will submit regular reports on the progress made in implementing the Sustainability Management Strategy to the Board of Directors and, as necessary, present proposals for deliberations at meetings of the Board of Directors.

In 2023, we also established the Sustainability Committee chaired by the CEO, an organization that promotes sustainability in general. The Committee meets regularly twice a year plus holds extraordinary meetings as necessary and reports the content of discussions to the Executive Officers Committee and the Board of Directors. In addition, as a subordinate organization of the committee, we established specialized subcommittees headed by the director in charge of each theme to set climate change initiatives as well as identify other issues related to various themes, formulate targets and implementation plans to achieve them, and discuss and work on concrete measures. In addition, as a subordinate organization of the committee, we established specialized subcommittees headed by the director in charge of each theme to set climate change initiatives as well as identify other issues related to various themes, formulate targets and implementation plans to achieve them, and discuss and work on concrete measures. The Board of Directors monitors and oversees the Sustainability Committee and subcommittees, and makes decisions. We will promote medium- to long-term activities by utilizing ESG impact analysis and others with the aim to strengthen ESG.