In order to achieve Vision 2030, we are promoting ESG management, which aims sustainable growth of the Group
and medium- to long-term growth of corporate value. We are carrying "strengthening the foundation of ESG
management" as a part of priority measures of the Medium-term Management Plan “Road to Vision 2030: Transformation and Challenges”
| Fiscal year | Values | Basic policy and promotion framework |
|---|---|---|
| ～2014 | ・Formulated the Furukawa Electric Group (FEG) Philosophy (2007) ・Revised the FEG CSR Code of Conduct (2011)*1 |
・Revised the FEG CSR Basic Policy (2011) |
| 2015 | ・Formulated the Core Value | |
| 2019 | ・Formulated the FEG Vision 2030 ・Revised the FEG CSR Code of Conduct |
・Established the Corporate Sustainability Office |
| 2020 | ・Signed the United Nations Global Compact | |
| 2021 | ・Formulated the FEG Basic Policy on Sustainability ・Established the FEG Sustainability Committee |
*1 Combined the FEG Action Guidelines (formulated in 2004) with the CSR Code of Conduct
| Fiscal year | Basic policy and separation of supervision and execution | Corporate governance | Risk management and supply chain |
|---|---|---|---|
| ～2014 | ・Introduced the executive officers system (2003) | ・Established the CSR Department (2007) ・Established the CSR and Risk Management Committee (2007) ・Formulated the Furukawa Electric CSR Deployment Guidelines for Business Partners (2010) ・Established the Administration & CSR Division (2013) |
|
| 2015 | ・Established the Guidelines on Corporate Governance ・Established the Independence Standards for the Outside Officers |
・Started the evaluation of the effectiveness of the Board of Directors from 2015, and the summary of the result was published every year | |
| 2016 | ・The Chairman became the Director without the representative right of the Board of Directors*2 | ・Increased the number of the Outside Directors to five as at present ・An outside director became the chair of the Nominating/Compensation Committee ・Revised the directors’ compensation scheme*3 |
|
| 2017 | ・As a process to evaluate the effectiveness of the Board of Directors, the Chairman conducted the interviews every year. | ||
| 2019 | ・Strengthened the independency of Outside Directors ・A female Outside Director was appointed. ・Partially revised the directors’ compensation scheme*4 |
・Formulated the FEG Human Rights Policy | |
| 2020 | ・A female outside Audit & Supervisory Board member was appointed. | ・Revised the FEG CSR Procurement Guideline 3rd edition | |
| 2021 | ・Reduced the number of the In-house Directors by 1 | ・Established the Risk Management Division and the Risk Management Department ・Renamed from the CSR and Risk Management Committee to the Risk Management Committee |
|
| 2022 | ・Established the FEG Responsible Minerals Sourcing Policy |
*2 Aimed for supervising execution by the management, including the President, from a non-executive position
*3 Consisted of the basic remuneration, short-term performance-linked remuneration, and medium- to long-term performance-linked remuneration
*4Aimed at strengthening incentives
| Fiscal year | Basic policy and promotion framework | Human resource development and organizational execution abilities |
Diversity & Inclusion |
|---|---|---|---|
| ～2014 | ・Established the Diversity Promotion Section (2014) | ・Started the global human resources training (2006-) | ・Appointed two non-Japanese corporate vice presidents(CVPs) (2013) |
| 2015 | ・Established the Work Style Reform Project Team | ・Appointed a female-Japanese corporate vice president(CVP) | |
| 2016 | ・Increased the number of the non-Japanese CVPs to four | ||
| 2018 | ・Formulated the FEG Vision for Our People | ・Formulated the target for FY2025 regarding women’s empowerment | |
| 2019 | ・Reorganized the Organization & Work Style Reform Team | ・Structured the non-Japanese CVPs to three |
|
| 2020 | ・Started the activities to transform leaderships “Furukawa Seven” | ||
| 2021 | ・Established the HR & Organizational Development Department | ・Structured the female Japanese CVP to two | |
| 2022 | ・Started “Furukawa E-Survey”, a survey on human capital and organizational execution capabilities | ・Structured the non-Japanese CVPs to 2 people at present ・Structured the female-Japanese CVP to one at present |
| Fiscal year | Basic policy and promotion framework | Climate change and information disclosure |
|---|---|---|
| ～2014 | ・Formulated the FEG Basic Environmental Policy (2008) ・Established the FEG Environment Committee (2013) | |
| 2018 | ・Set the environmental targets 2030 | ・Acquired an SBT(2°C Targets) initiative certification |
| 2019 | ・Expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) | |
| 2020 | ・Formulated the FEG Environmental Vision 2050 | |
| 2021 | ・Established the Environment Department ・Revised the environmental targets 2030 | |
| 2022 | ・Revised the environmental targets 2030 | ・Acquired an SBT(well-below 2°C Targets) initiative certification |
| 2023 | ・Acquired an SBT(1.5°C Targets) initiative certification |