We have established Vision 2030, the ideal state of the Group in 2030. The Group promotes ESG management, which aims sustainable growth of the Group and medium- to long-term improvement in corporate value, in order to achieve Vision 2030.
The Furukawa Electric Group will:
The Sustainability Committee has been established to consolidate discussions on sustainability within the Furukawa Electric Group and further enhance the quality and speed of implementation thereof.
The committee is chaired by the President, vice-chaired by the General Manager of the Strategy Division, and composed of members of top management. It meets to discuss sustainability issues that concern Furukawa Electric Group and makes proposals and reports to the Board of Directors. The Corporate Sustainability Office serves as the secretariat, and the committee will generally meet twice a year.
The Sustainability Committee focuses on the following items:
Additionally, as matters regarding material issues of risks are closely related to risk items concerning management of the Group, they are therefore handled in coordination with the Risk Management Committee.
The Group has accelerated its ESG management since FY2018 and has expanded discussions on sustainability including climate change and human capital at the management committee and the sustainability committee. These committees also submit proposals and share the progress on sustainability including climate change and human capital with the board of directors every quarter.
＜Key Discussions on Sustainability within Furukawa Electric Group (FEG)＞
| Board of Directors | November 2018 | Formulated the FEG Vision 2030 |
|---|---|---|
| November 2018 | Formulated the FEG Vision for Our People; medium-term measures of the HR Dept. | |
| Nov. 2018–Dec. 2019 | Identified important management issues as material issues | |
| April 2019 | Revised the FEG CSR Code of Conduct | |
| February 2021 | Formulated the FEG Environmental Vision 2050 | |
| July 2021–Aug. 2021 | Formulated the FEG Basic Policy on Sustainability | |
| May 2022 | Set sustainability indicators and targets; reviewed the material issues | |
| December 2022 | Status and direction of personnel measures in the 2025 Medium-term Plan | |
| March 2023 | Partially revised sustainability targets for FY2025 | |
| Management Committee | October 2018 | Medium-term measures of the HR Dept.; formulated the FEG Vision for Our People |
| Nov. 2018–May 2019 | Formulated the FEG Vision 2030 | |
| Nov. 2018–Sept. 2020 | Identified important management issues as material issues and disclosed them | |
| January 2019 | Set the Environmental Targets 2030; applied for an SBT (2℃ Targets) initiative certification | |
| April 2019 | Revised the FEG CSR Code of Conduct | |
| January 2020 | Signed the United Nations Global Compact; Formulated the FEG Human Rights Policy; Expressed support for the recommendations of TCFD | |
| Dec. 2020–Feb. 2021 | Formulated the FEG Environmental Vision 2050 | |
| July 2021–Aug. 2021 | Formulated the FEG Basic Policy on Sustainability | |
| Nov. 2021–Feb. 2022 | Revised the Environmental Targets 2030; applied for an SBT (WB 2℃ Targets) initiative certification | |
| November 2022 | Direction of personnel measures based on the concept of human capital management | |
| December 2022 | Revised the Environmental Targets 2030; applied for an SBT (1.5℃ Targets) initiative certification | |
| February 2023 | Activities to reinforce human capital and organizational execution abilities; disclosed human capital indicators | |
| Sustainability Committee | March 2022 | Set sustainability indicators and targets; reviewed the material issues |
| September 2022 | Established the FEG Responsible Minerals Sourcing Policy | |
| March 2023 | Partially revised sustainability targets for FY2025 |