Material Issues and Results
Process for Identifying Material Issues
JVCKENWOOD has revised the material issues based on the Medium-Term Management Plan VISON 2025. Based on the corporate philosophy of "Creating excitement and peace of mind for the people of the world," we back-casted our vision for 2030, organized it into three material issues that we should address and initiatives to strengthen our corporate base, and established KPIs to manage the progress of our initiatives to resolve those issues.
List of Material Issues
For contributing to sustainable societies through business, the JVCKENWOOD Group has identified material issues and initiatives for strengthening the corporate base. We will be formulating KPIs from a mid- to long- term perspective, at the same time developing mechanisms that can be managed globally.
Material issues |
Sub-material issues |
KPI |
SDGs |
|---|---|---|---|
1.Safety & Security Initiatives |
●Reduction and prevention of traffic accidents ●Creating safe and secure communities
|
Value Creation with Mobility and Telematics Service Sector ・Number of car navigation and display audio system units sold ・Number of dashcam units sold Value Creation with Safety & Security Sector ・Number of professional radio system units sold |
|
2.Environmental Response |
●Response to climate change ●Reduction of environmental loads |
・Reduction of CO2 emissions (Scope 1 + 2) ・Reduction of CO2 emissions (Scope 3) (Categories 1, 4, 11) ・Waste recycling rate ・ Reduction in waste generation (per unit sales) ・Reduction of plastic consumption volume for containers and packaging ・Reduction in water consumption |
|
3.Sustainable Monozukuri |
●Responsible supply chain ●manufacturing reform ●Accelerating innovation |
・Conducting training on human rights in procurement and logistics-related divisions ・Conducting training on human rights for business partners ・Establishing and operating an external consulting desk ・Obtaining signatures in support of our CSR procurement guidelines when opening a new account ・Requesting the implementation of CSR self-audits by business partners and implementing corrective measures for business partners with identified problems ・Participating in alliances such as RBA and taking advantage of global frameworks |
|
Strengthening the corporate base
It is also important to strengthen our corporate base so that the Group can work together as one to address the three issues.
This is why we set sub-material issues, themes, and KPI to strengthen our corporate base.
Sub-material issues |
Theme |
KPI |
SDGs |
|---|---|---|---|
・Diversity & inclusion |
●Promotion of Women's Active Engagement |
・Ratio of female managers |
|
●Promotion of Foreign Employees Active Engagement |
|||
| ●Promotion of Persons with Disabilities Active Engagement | |||
| ●Initiatives for LGBT+ | |||
| ●Number of recruits | |||
| ● VISION 2025 WS | |||
・Promoting active roles for employees |
●Respect for human rights | － | |
| ●Occupational Safety and Health | |||
| ●Culture/work style reform | |||
| ●Employee health management | |||
| ●Fair Labor-Management Relations | |||
・Strengthening governance |
●Corporate Governance |
・Improve deliberation ・Trainings, off-site meetings, etc. for external directors ・Strengthening diversity ・IT security training attendance rate ・Targeted email training (attendance rate for training for email openers) |
|
●Compliance Code of Conduct |
|||
| ●Information Security |
Main Indicators and Initiative Results Related to Material Issues (FY 2022)
In order to understand the status of initiatives for material issues so that further improvement can be made, JVCKENWOOD has formulated indicators (KPIs) associated with each of the material issues and has been implementing initiatives with targets set for fiscal 2021. The results of initiatives for each item is as follows.
No |
Material issues |
Key initiatives |
Targets (FY 2022) | Status |
SDGs |
|---|---|---|---|---|---|
1 |
Addressing climate change |
Reducing greenhouse gas emissions（Scope１+２） | Reduce greenhouse gas emissions (Scope 1+2): 25.2% reduction by FY2025 from the FY2019 level | ◎ |  |
| 2 | Reducing greenhouse gas emissions（Scope３） | Reduce greenhouse gas emissions (Scope3):Scope 3 Calculation and reduction for categories 1,4, and 11 | ○ | ||
| 3 | Conserving water resources |
Managing water use | Reduce greenhouse gas emissions (Scope3):Scope 3 Calculation and reduction for categories 1,4, and 11 |
◎ |  |
| 4 | Reducing environmental impact |
Reducing wastewater and waste |
Manage water consumption: 6% reduction by FY2025 from the FY2019 level | ◎ |  |
| 5 | Sustainable manufacturing |
Grasping and reducing the amount of plastic used | Improve waste recycling rate: Achieve a recycling rate of at least 90% by FY2025 | ○ | |
| 6 | Supply chain management |
Prohibiting forced labor and child labor |
Reduce the amount of plastic used | ◎ |  |
| 7 | Diversity＆ Inclusion |
Promoting active roles for women |
Ratio of women in executive positions：6.5% or more | × | |
| 8 | Initiatives for risk management |
Corporate governance |
Enhancement of deliberations at Board of Directors meetings Conduct training/off-site meetings, etc. for outside directors |
◎ |  |
| 9 | Information Security | IT security training attendance rate：93％ Number of Cyber Security incidents：1 or less |
◎ | ||
| 10 | Preventing traffic accidents |
Create value through Mobility & Telematics products & services |
Expansion of market share in the navigation market Become the No. 1 manufacturer in the dashcam market in 2023 |
◎ |  |
| 11 | Accelerating innovation |
Manage/utilize intellectual property |
The number of patent applications related to SDGs 3 (Good health and well-being), 9 (Industry, innovation and infrastructure), and 11 (Sustainable cities and communities) will account for at least 10% of all patent applications. | ◎ |   |
| 12 | Stakeholder partnership |
Collaborate with stakeholders |
Work with external business partners to bring portable power supplies that reuse car batteries to marke | ○ |  |
◎：Achieved、〇：Almost achieved、×：Not achieved
