Furukawa Electric Group’s efforts towards the SDGs

Strategy

Furukawa Electric Group’s efforts towards the SDGs

Basic approach

SDGs is an abbreviation for Sustainable Development Goals. It was unanimously adopted by the United Nations in September 2015 from 193 member countries, and is the "Goal for Solving the Comprehensive Issues of the International Community" set for 2030. It consists of 17 goals and 169 targets. The world is moving toward achieving the SDGs in 2030.

We has formulated the “Furukawa Electric Group Vision 2030” which sets the year 2030 as its target and is advancing efforts with the aim to “Build a sustainable world and make people’s life safe, peaceful and rewarding, Furukawa Electric Group will create solutions for the new generation of global infrastructure combining information, energy and mobility.” “Furukawa Electric Group Vision 2030” shows the "what we want to be" of the Group in 2030, and aims in the same direction as the world goal SDGs.
Toward the achievement of our Vision 2030, we will take open, agile, and innovative approaches to promote ESG management that that aims to increase corporate value over the medium to long term and will contribute to the achievement of the SDGs.

SDGs Which are Highly Relevant to Important Management Issues.

The SDGs that are highly relevant to identified materiality are associated with multiple SDG targets. In the future, we will set medium- to long-term goals and evaluation indicators for the identified materiality, and we recognize that concrete efforts are necessary. With regard to “climate change,” we are proceeding with leading initiatives such as setting greenhouse gas emission reduction targets for 2030 and obtaining SBT certification.
By working on materiality, the Group will achieve Vision 2030 and contribute to the achievement of the United Nations SDGs.

Materiality

FURUKAWA ELECTRIC GROUP INTEGRATED REPORT

Consideration of SDGs Priority Issues Based on Value Chain Mapping

Using the value chain mapping of the SDG compass, we examine whether the Group’s current major products contribute to the 17 goals and 169 targets of the SDGs, and we are proceeding to identify the Consideration of SDGs Priority Issues Based on Value Chain Mapping SDGs that the Group should prioritize. Here, we would like to introduce the results of discussions by all of our executive officers and senior fellows that have distinctive effects and impacts.

Communications Solutions Optical fiber & cable products

〈Increasing positive impacts〉: Optical fiber and cable products will contribute to the development and expansion of sustainable and robust communication infrastructure, as well as safe and resilient urban development, in light of the progress of 5G and the further increase in communication traffic caused by the COVID-19 crisis.

〈Minimizing negative impacts〉: As we recognize that reducing greenhouse gas (GHG) emissions in the manufacturing process is an important issue, we are promoting various measures such as energy saving at manufacturing plants.

Energy Infrastructure Submarine transmission cables for offshore wind power generation

〈Increasing positive impacts〉: We will contribute to the realization of a decarbonized society by supplying and laying submarine and underground cables, which are indispensable for building interconnections between renewable energy power sources such as offshore wind power generation and power grids.

〈Minimizing negative impacts〉: In the process of laying submarine cables, we are taking care to minimize the impact on the marine environment.

Automotive Products Aluminum wire harnesses

〈Increasing positive impacts〉: The use of wire harnesses that use aluminum wires, which are lighter than copper, contributes to the realization of a decarbonized society by reducing the weight of automobiles and improving energy consumption through an improvement in fuel efficiency.

〈Minimizing negative impacts〉: With regard to energy use in the manufacturing process, we are promoting an improvement in the ratio of renewable energy use, in addition to energy saving at manufacturing plants.

Electronics Component Materials　Oxygen-free copper wire

〈Increasing positive impacts〉: Oxygen-free copper wire is used in drive motors for electric vehicles and hybrid vehicles. The use of this product improves the efficiency of clean energy utilization and contributes to the realization of a decarbonized society.

〈Minimizing negative impacts〉: In the manufacturing process, we will increase the percentage of recycled copper and make effective use of natural resources.

Functional Products　Thermal products

〈Increasing positive impacts〉: Thermal products with high-performance heat dissipation and cooling mechanisms improve the efficiency of energy consumptionand reduce running costs at datacenters.
This is one of the applications of these products and this positive impact in terms of power consumption volume has attracted worldwide attention. They also contribute to high-speed and high-capacity

〈Minimizing negative impacts〉: With regard to energy use in the manufacturing process, we are promoting an improvement in energy saving and the ratio of renewable energy use at manufacturing subsidiaries.

Strategy