Basic Approach

Sustainability Policy and Committee

Sustainability Policy and Committee

About the Sustainability Policy

The Furukawa Electric Group’s philosophy is “Drawing on more than a century of expertise in the development and fabrication of advanced materials, we will contribute to the realization of a sustainable society through continuous technological innovation.” We have established Vision 2030, the ideal state of the Group in 2030, being conscious of solving social issues indicated by the Sustainable Development Goals (SDGs) adopted by the United Nations. 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.

Furukawa Electric Group Basic Policy on Sustainability  

The Furukawa Electric Group will:

  • in line with its mission of contributing to the realization of a truly affluent and sustainable society, tackle important management issues (material issues) from the perspectives of both revenue opportunities and risks, while focusing on the future of people and the planet.
  • in order to have sustainable growth and contribute to the achievement of SDGs (sustainable development goals), strengthen and create businesses that solve social issues, while focusing on capital efficiency and continuing to transform its business through continuous technological innovation centered on material technologies and collaboration with various stakeholders.
  • contribute to the sustainable development of society by maintaining and improving sound and positive relationships with all stakeholders through appropriate information disclosure and active communication, while complying with laws, regulations, social norms and ethics in Japan and overseas.

Sustainability Committee

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:

  • the policy about sustainability
  • basic matters and current progress on material issues related to revenue opportunities and risks
  • disclosure of basic information related to sustainability
  • SDG activities and community/social activities
  • other important sustainability issues such as environment, human rights and labor practices, supply chain, governance, etc.

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
DFF Inc., サステナビリティ推進室