In order to achieve Furukawa Electric Group’s Vision 2030 and Medium-term Management Plan 2022–2025 (the “2025 Medium-term Plan”), we set sustainability indicators and targets in each material issue, and aim to increase corporate value in terms of both revenue opportunities and risks.
| Material issue | Sustainability indicator | Scope | Result | Target (Reference value) | |||||
|---|---|---|---|---|---|---|---|---|---|
| FY2023 | FY2024 | FY2023 | FY2024 | FY2025 | |||||
| Revenue opportunity | Creating businesses that solve social issues | Sales ratio of environmentally friendly products | Group | 65.9% | 74.0% | 66% | 68% | 70% | |
| Open, Agile, Innovative/ Building partnerships with various stakeholders | R&D expense growth rate for new businesses (compared to FY2021) | (Compared with FY2021) | Group | 121% | 133% | 125% | 125% | 125% | |
| Implementation rate of IP landscaping for strengthening the businesses and themes for creating new businesses | Group | 77% | 100% | 45% | 100% *1 |
－ *2 |
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| Risk | Developing business activities that consider climate change | GHG emissions reduction rate (Scopes 1&2) | (Compared with FY2017) | Group | -45.4% | － | -21.2% | (-39%) *3 |
(-42%) *3 |
| (Compared with FY2021) | － | -34.8% | － | -14.0% | -18.7% | ||||
| Ratio of renewable energy use to total consumption | Group | 31.6% | 39.6% | 12% | 25% | 30% | |||
| Strengthening human capital and organizational execution abilities | Employee engagement score*4 | Furukawa Electric | 63 | － | 65 | － | － | ||
| Group | 76 | 72 | － | 77 | 80 | ||||
| Ratio of female workers in managerial positions | Furukawa Electric | 5.4% | 5.4% | 5.0% | 6.0% |
7.0% |
|||
| Ratio of mid-career hires in total new hires*5 | Furukawa Electric | 48.8% | 54.4% | 30% *6 |
30% *6 |
30% *6 |
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| Building a governance system to strengthen risk management | Ratio of follow-up on risk management activities for all risk domains | Group | 100% | 100% | 100% | 100% | 100% | ||
| Ratio of SAQ implementation based on the CSR Procurement Guidelines for major suppliers | Group | 65% | 84% | 40% | 70% | 100% | |||
| Implementation rate of human rights training for managerial positions | Group | 100% | 100% | 100% *7 |
100% *7 |
100% *7 |
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*1 This means that all projects have been implemented with respect to the business enhancement and new business creation themes set as of 2022.
*2 The target was achieved ahead of schedule in FY2024. In FY2025, we will shift our focus to applying the results in specific business activities.
*3Base year in and after FY2024 was updated to FY2021; the reduction target value when applied to the former base year of FY2017 is also shown for reference purposes.
*4 The scope was expanded to cover all group companies in Japan and abroad in FY2023, and the target was changed from Furukawa Electric's target to Furukawa Electric Group’s target.
*5 New hires represent new graduates and mid-career hires, covering management, career-track, and clerical positions.
*6 This means that about 30% will be maintained in each fiscal year.
*7 This means that 100% globally for each fiscal year will be continued.