JVCKENWOOD has revised the material issues based on the new Medium-Term Management Plan VISON 2023. We determined social issues strongly connected with its business on the basis of the Sustainable Development Goals (SDGs) and identified material issues while considering their relevance to VISION 2023.
The JVCKENWOOD Group has identified material issues for contributing to sustainable societies through business. We will be formulating KPIs from a mid- to long- term perspective, at the same time developing mechanisms that can be managed globally.
The JVCKENWOOD Group’s materiality matrix
JVCKENWOOD has established the following KPIs linked to materiality toward the realization of the new medium-term management plan, VISION 2023 and the new environmental plan JK Green 2025.
See Products Products & Services that Help Resolve Social Issues for more details of business activities corresponding to each materiality.
No |
Material issues |
Key initiatives |
KPIs and Targets(FY 2021) |
SDGs |
---|---|---|---|---|
1 |
Addressing climate change |
Reducing greenhouse gas emissions (Scope 1+2) |
Reduce greenhouse gas emissions (Scope 1+2): Reduce by 25.2% by FY 2025 compared to FY 2019 |
|
2 |
Reducing greenhouse gas emissions (Scope3) |
Reduce greenhouse gas emissions (Scope3): Scope 3 Calculation and reduction for categories 1,4, and 11 |
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3 |
Conserving water resources |
Manage water use |
Manage water consumption: 6% reduction from FY 2019 levels by FY 2025 |
|
4 |
Reducing environmental impact |
Reduce wastewater and waste |
Improve waste recycling rate: 90% or more recycling rate by FY 2025 |
|
5 |
Sustainable manufacturing | Identify and reduce the amount of plastic used |
Reduce the amount of plastic used |
|
6 |
Supply chain management | Prohibiting forced labor and child labor | Conduction human rights due diligence activities |
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7 |
Promoting active roles for employees |
Promoting active roles for women |
Ratio of women in executive positions: 5.8% or more |
|
8 |
Initiatives for risk management | Product quality & safety |
Number of recalls and response costs: Maintain 0 cases/0 yen |
|
9 |
Corporate governance |
Evaluation of the effectiveness of the Board of Directors: Conducted once a year Attendance rate at Board of Directors meetings: 100% |
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10 |
Information Security |
IT security training attendance rate: 92% or higher Number of Cyber Security incidents: 2 or less |
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11 |
Preventing traffic accidents |
Create value with mobility products & services | Expansion of market share in the navigation market Market development of dashcams equipped with new functions |
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12 |
Initiatives for disaster prevention/mitigation |
Create value with disaster-prevention and disaster-mitigation products & services | Received one project order for disaster prevention solutions |
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13 |
Secure and safe community development |
Create value with security products & services |
Solve customer issues through image analysis and introduce products and systems that address the risk of COVID-19 infection |
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14 |
Ensuring secure and safe transport systems | Create value through telematics services |
Introduce telematics services Market introduction of CABmee, a next-generation IoT vehicle dispatch system |
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15 |
Accelerating innovation |
Accelerate innovation |
Develop new genre products Introduce new edge AI cameras |
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16 |
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. |
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17 |
Stakeholder partnership | Collaborate with stakeholders |
Succeed and construct a social implementation platform inside and outside the university to continuously create innovation through industry-government-academia collaboration |
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 2020. The results of initiatives for each item is as follows.
JVCKENWOOD believes that making a contribution to a sustainable society provides good opportunities for a business and leads to profitable growth. Based on this belief, we have established indicators related to material issues and we are implementing initiatives for them in order to actively work to solve various social issues with our products.
No |
Material issues |
KPIs |
Targets (FY 2020) |
Results (FY 2020) |
Status |
SDGs |
---|---|---|---|---|---|---|
1 |
Preventing traffic accidents |
Market development of driving recorders with new functions including two-cameras |
Actively provide the market with driving recorders equipped with new functions, such as two-cameras, from FY 2020 (9 models are scheduled to be introduced) |
Two-cameras and 360℃ camera driving recorders have been provided actively the market and increased both in terms of volume and value (1.5 times in terms of volume and 1.4 times in terms of value compared to the previous year) |
〇 |
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2 |
Sustainable manufacturing |
Launching new environmentally friendly products |
Reduce 11.6 t of plastic |
Reduce 11.9 t of plastic |
〇 |
|
3 |
Secure and safe community development |
Plan to launch new security products/services |
Plan to introduce new security products and services: 20 |
21 products/services+AI body temperature measurements solutions 178 cases |
〇 |
|
4 |
Initiatives for disaster prevention/mitigation |
Plan to launch new disaster-prevention and disaster-mitigation products/services |
Plan to introduce new disaster prevention and mitigation products and services: 40 |
66 products/services |
〇 |
|
5 |
Ensuring secure and safe transport systems |
Plan to launch new IoT solution products/services |
Plan to launch new telematics services: 5 projects (plus contribution to emerging countries through orders for ODA projects) |
6 projects |
〇 |
JVCKENWOOD is working to create an environment in the company that will promote opportunities for innovation within the company.
No |
Material issues |
KPIs |
Targets (FY 2020) |
Results (FY 2020) |
Status |
SDGs |
---|---|---|---|---|---|---|
1 |
Accelerate innovation | Innovation Act results (cumulative) |
Collaboration in new business initiatives: 3 |
New business initiatives promoted and transferred to business units: 3 |
〇 |
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2 |
Accelerate innovation | Conducting patent idea meetings |
175 meetings/year |
259 meetings/year |
〇 |
|
3 |
Accelerate innovation | Conducting intellectual property skills training |
20 sessions/year |
10 sessions/year |
△ |
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4 |
Stakeholder partnership |
Implementing social implementation projects through industry-government-academia collaboration |
Develop plans to address the social issues caused by COVID-19 and apply for the government funding: 1 or more |
23 cases |
〇 |
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JVCKENWOOD is working to enhance its resilience with initiatives in fundamental domains (that support business) as a strategic base supported by robust, transparent, fair and inclusive mechanisms.
No |
Material issues |
KPIs |
Targets (FY 2020) |
Results (FY 2020) |
Status |
SDGs |
---|---|---|---|---|---|---|
1 |
Diversity &inclusion | Percentage of female managers |
5.0% or more |
5.0% | 〇 |
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2 |
Addressing climate change |
Greenhouse gas (Scope 1 and Scope 2) emissions / intensity (per unit of sales) |
18,900t-CO₂ (it only covers emissions from domestic offices and production sites) |
17,349 t-CO₂ (it only covers emissions from domestic offices and production sites) |
〇 |
|
3 |
Addressing climate change) |
Greenhouse gas (Scope 3) emissions / intensity (per unit of sales) |
Improve accuracy of disclosure of FY 2019 results (review the calculation criteria, focusing on products with large emissions) |
Improve accuracy of disclosure (650,548 t-CO₂e) |
〇 |
|
4 |
Manage water use |
Number of water quality-related legal violations* |
Keep the number of violations to zero |
Keep the number of violations to zero |
〇 |
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5 |
Reduce wastewater and waste |
Amount of hazardous waste generated (management of 28 hazardous substances specified under the Water Pollution Prevention Act) |
Less than 0.1443 t (emissions from domestic offices and overseas production sites) |
Less than 0.6900 t (emissions from domestic offices and overseas production sites) |
〇 |
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6 | Corporate governance | Evaluating the effectiveness of the Board of Directors | Evaluate annually | Evaluated | 〇 | ![]() |
7 | Product quality & safety | Number of product recalls and cost incurred | Keep the number of recalls and associated cost for each fiscal year to zero | Keep the number of recalls and associated cost for each fiscal year to zero | 〇 | |
8 | Information Security | Percentage of employees receiving IT security training | 90.0% | 92.7% | 〇 | |
9 | Prohibiting Child Labor/ Forced Labor | Human rights policy formulation | Formulate the JVCKENWOOD Group's human rights policy | Formulate and disclose the "JVCKENWOOD Group Human Rights Policy“ | 〇 |
*Covering business locations in Japan and overseas