Material Issues and Results
Process for identifying material issues
JVCKENWOOD has 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 2020. We will be reviewing these material issues as needed, and formulating Key Performance Indicators (KPIs) to manage progress as we strive to achieve our Vision 2020.
List of material issues
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
Main indicators and initiative results related to material issues
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 2018 (and some for fiscal 2020).
The following is an explanation of the results achieved for just over ten of the main items in order to deepen the understanding of the initiatives being implemented by the company. We will also work to further improve or to maintain these initiatives in fiscal 2019.
Important issues for the realization of profitable growth and the solution of social issues (Smart service & Wellness)
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.
| Fiscal 2018 results |
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| SDGs |
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For the material issue of “Value creation with automotive products & services,” we are aiming to increase the rate of installation of dashcams, one of our major products, and are steadily achieving results in this.
For the material issue of “Value creation with disaster-prevention and disaster-mitigation products & services,” we have established a plan to launch new disaster-prevention and disaster-mitigation products and services (the number of installations of multilingual broadcasting equipment to meet demand for foreign visitors to Japan) and achieved 33 installation results.
For the material issue of the “Deployment of environmentally friendly products,” we are planning to launch environmentally friendly products in fiscal 2019 that have had their packaging changed from plastic to paper boxes as an initiative for the problem of marine plastic.
For the material issue of “Value creation with IoT solution products & services,” we have achieved the launch of five new IoT solution products and services.
For the material issue of “Value creation with healthcare products & services,” we are developing two main product approaches for social problems such as the increase in the burden of healthcare expenses in a society with a low birth rate and longevity and the increasing number of deaths due to cancer.
Important issues for the promotion of new business creation (Technological innovation)
JVCKENWOOD is working to create an environment in the company that will promote opportunities for innovation within the company.
| Fiscal 2018 results |
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| SDGs |
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By actively promoting the “Innovation Act” material issue, we again implemented the verification of the commercialization of new ideas in fiscal 2018, which we have set as an indicator for initiatives.
As an initiative associated with the material issue of “Collaborating with stakeholders (governments/business partners),” we started promoting social implementation projects through collaboration with industries, governments, and academia and, in fiscal 2018, we formulated the implementation plan for a new project.
Important issues for the strengthening of our business foundations (Resilience enhancement)
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.
| Fiscal 2018 results |
|---|
| SDGs |
|---|
As an indicator associated with the material issue of “Augmenting management indicators,” we are aiming to achieve an ROE of 10% in fiscal 2020, which is also stated in our “Vision 2020.”
For the material issue of “Reducing greenhouse gas emissions,” we are working to reduce our greenhouse gas emissions*1 based on our results in fiscal 2012. In fiscal 2018, we achieved a figure that greatly exceeded our target.
For the material issue of “Corporate culture/work style reform,” we have set the number of people using teleworking as an indicator for our response to a wide variety of lifestyles and workstyles of each individual employee. Accordingly, 1,283 people*2 used this in fiscal 2018.
In association with the material issue of “Information security and protecting personal information,” we have set the rate of IT security training session attendance (in Japan) in fiscal 2018 as an indicator and the results were 92.5%.
In association with the material issue of “Product quality & safety,” we have set the number of recall occurrences and the cost for responding to them as indicators and both the occurrences and cost continued to be zero in fiscal 2018.
In association with the material issue of “Donations & social contribution activities,” we have set the number of social contribution programs implemented throughout the JVCKENWOOD Group overall as an indicator and we greatly exceeded our target for fiscal 2018 with an actual result of 156 items.
*1 For Scopes 1, 2
*2 The number includes users in a trial