Publication of the “Furukawa Electric Group Integrated Report 2021” and “Furukawa Electric Group Sustainability Book 2021”
- Promoting ESG management for sustainable growth and enhancement of the Furukawa Electric Group’s corporate value -
January 14, 2022
- We have published the “Furukawa Electric Group Integrated Report 2021,” which summarizes our ESG management and materiality initiatives, and included a message from an outside director for the first time.
- We have also published the “Furukawa Electric Group Sustainability Book 2021,” which summarizes non-financial information including the state of our efforts on the SDGs and the community within the framework of ISO 26000.
- We will continue to promote communication with stakeholders and ESG management aimed at sustainable growth and the improvement of corporate value over the medium-to-long term.
Furukawa Electric Co., Ltd. (Head office: 2-6-4 Otemachi, Chiyoda-ku, Tokyo; President: Keiichi Kobayashi) has published the “Furukawa Electric Group Integrated Report 2021” and “Furukawa Electric Group Sustainability Book 2021.”
Background
Companies must be able to respond positively both to the ongoing rapid changes in the business environment and to sustainability-related issues, and to disclose information, and they are also required to achieve sustainable growth and increase corporate value over the medium-to-long term.
Details
In order to realize the goals of Furukawa Electric Group Vision 2030 (hereinafter, “Vision 2030”), Furukawa Electric Group is promoting ESG management with the aim of improving its corporate value over the medium-to-long term. We have defined the important issues for management that Furukawa Electric Group should address in order to achieve Vision 2030 as “materialities,” and are working on these materialities from the perspectives of both revenue opportunity and risk.
In order for investors and other stakeholders to deepen their understanding of Furukawa Electric Group’s sustainable growth and improvement of corporate value, we have published the “Furukawa Electric Group Integrated Report 2021” (hereafter, “Integrated Report 2021”), which summarizes our efforts in ESG management and materialities, and the “Furukawa Electric Group Sustainability Book 2021” (hereafter, “Sustainability Book 2021”), which summarizes non-financial information including our efforts on the SDGs and the community.
The Integrated Report 2021 introduces the state of progress of our efforts on each materiality based on the concept of the value creation process directed at 2030. In addition, we have included a message from an outside director for the first time in order for stakeholders to understand the kinds of discussions held by Furukawa Electric’s Directors and Audit & Supervisory Board Members at meetings of the Board of Directors and the Nomination/Remuneration Committee.
The Sustainability Book 2021 summarizes the state of our efforts on ESG, the SDGs and the community that were not covered in detail in the Integrated Report 2021, with reference to the ISO 26000 framework.
We will continue to promote communication with stakeholders and ESG management aimed at Furukawa Electric Group’s sustainable growth and the improvement of corporate value over the medium-to-long term.
Main items of the “Integrated Report 2021”
Messages from the President and the CFO
ESG management in general:
- Furukawa Electric Group’s values (Group Philosophy, Core Value, Vision 2030, CSR Code of Conduct)
- Furukawa Electric Group’s sustainability (Basic Policy on Sustainability, Sustainability Committee, materialities)
- The concept of the value creation process directed at 2030
Materiality of revenue opportunities:
- Specific efforts to create business that solves social issues
- “Open, Agile, Innovative”, partnerships
Materiality of risk:
- Corporate governance (Outside Director’s message, skills matrices for Directors and Audit & Supervisory Board Members)
- Supply chains, human rights
- Climate change (Environmental Vision 2050, the basic concepts in carbon neutrality, efforts in line with the TCFD recommendations)
- Strengthening of human capital management and organizational execution abilities (leadership transformation, new work-styles, safety and health)
Main items of the “Sustainability Book 2021”
- Organizational governance : Corporate governance; risk management, compliance
- Human rights : Human rights policy, Furukawa Electric Group’s efforts on human rights
- Labor practices : Occupational health and safety, human capital management, diversity
- Environment : Environmental policy, environmental vision, environmental management, climate change, water resources
- Fair business practices : The promotion of CSR in the supply chain and procurement activities
- Consumer issues : Quality
- Community participation : Relationships with local communities and society
The Integrated Report 2021 and the Sustainability Book 2021 are available on the Furukawa Electric website.
Integrated Report and Sustainability Book
Integrated Report and Sustainability Book
Furukawa Electric website “Sustainability” page
Furukawa Electric Group’s efforts towards the SDGs
Based on the “Sustainable Development Goals (SDGs)” adopted by the United Nations, the Furukawa Electric Group 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.” 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.
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