Material Issues and Results
Process for Identifying Material Issues
JVCKENWOOD has revised the material issues based on the 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 and set KPIs (Key Performance Indicators) for monitoring the progress of efforts to resolve the issues.
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
The key performance indicators for achieving Medium-Term Management Plan "VISION 2023" (FY2022)
JVCKENWOOD has established the following KPIs linked to materiality toward the realization of the medium-term management plan, VISION 2023 and the 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 2022） |
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 |
Manage water consumption: 6% reduction by FY2025 from the FY2019 level |
|
4 |
Reducing environmental impact |
Reducing wastewater and waste |
Improve waste recycling rate: Achieve a recycling rate of at least 90% by FY2025 |
|
5 |
Sustainable manufacturing | Grasping and reducing the amount of plastic used |
Reduce the amount of plastic used |
|
6 |
Supply chain management | Prohibiting forced labor and child labor | Conduct human rights due diligence activities |
|
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 |
Creating value with Mobility & Telematics products & services | Expansion of market share in the navigation market Acquire the position of No. 1 manufacturer in the drive recorder market（FY 2023） |
|
| 11 | Accelerating innovation | Managing and utilizing 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 | Collaborating with stakeholders | Collaborate with external partners to bring a portable power supplies that reuse car batteries to market |
|
Main Indicators and Initiative Results Related to Material Issues (FY 2021)
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.
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.
No |
Material issues |
Objectives |
Targets (FY 2021) |
Status |
SDGs |
|---|---|---|---|---|---|
1 |
Preventing traffic accidents |
Value creation with Mobility and Telematics Services Sector |
Expansion of market share in the navigation market Acquire the position of No. 1 manufacturer in the drive recorder market（FY 2023） |
◎ |
|
2 |
Sustainable manufacturing |
Identify and reduce the amount of plastic used |
Reduce the amount of plastic used |
◎ |
|
3 |
Secure and safe community development |
Value creation with security products & services |
Solve customer issues through image analysis and introduce products and systems that address the risk of COVID-19 infection |
◎ |
|
4 |
Initiatives for disaster prevention/mitigation |
Planning to launch new products and services for disaster-prevention and disaster-mitigation |
Received one project order for disaster prevention solutions |
◎ |
|
5 |
Ensuring secure and safe transport systems |
Value creation through telematics services |
Market introduction of CABmee, a next-generation IoT vehicle dispatch system |
◎ |
◎：Achieved, 〇：Almost achieved
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.
No |
Material issues |
Objectives |
Targets (FY 2021) |
Status |
SDGs |
|---|---|---|---|---|---|
1 |
Accelerate innovation | Accelerate innovation |
Development of new genre products Launch of new edge AI cameras |
◎ |
 |
2 |
Managing and utilizing 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. |
◎ |
||
3 |
Stakeholder partnership |
Collaborating with stakeholders |
Succession and establishment of a social implementation platform inside and outside the university that continuously creates innovation through industry-government-academia collaboration |
◎ |
 |
◎：Achieved, 〇：Almost achieved
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.
No |
Material issues |
Objectives |
Targets (FY 2021) |
Status |
SDGs |
|---|---|---|---|---|---|
1 |
Diversity & Inclusion | Promoting active roles for women |
Ratio of Women in executive positions：5.8% or more |
〇 |
 |
2 |
Addressing climate change |
Reducing greenhouse gas emissions (Scope 1+2) |
Reduce greenhouse gas emissions (Scope 1+2): 25.2% reduction by FY2025 from the FY2019 level |
◎ |
|
3 |
Reducing greenhouse gas emissions (Scope3) |
Reduce greenhouse gas emissions (Scope3): Scope 3 Calculation and reduction for categories 1,4, and 11 |
◎ |
||
4 |
Conserving water resources |
Managing water use |
Manage water consumption: 6% reduction by FY2025 from the FY2019 level |
◎ |
 |
5 |
Reducing environmental impact |
Reducing wastewater and waste |
Improve waste recycling rate: Achieve a recycling rate of at least 90% by FY2025 |
◎ |
 |
| 6 | Initiatives for risk management | Product quality & safety | Number of recalls and response costs: Maintain 0 cases/0 yen | ◎ |  |
| 7 | Corporate governance | Evaluation of the effectiveness of the Board of Directors: Conducted once a year Attendance rate at Board of Directors meetings: 100% |
〇 | ||
| 8 | Information Security | IT security training attendance rate: 92% Number of Cyber Security incidents: 2 or less |
◎ | ||
| 9 | Supply chain management | Prohibiting forced labor and child labor | Conduct human rights due diligence activities | ◎ |
◎：Achieved, 〇：Almost achieved
*Covering business locations in Japan and overseas