Based on "Promotion of SDGs Management," one of the four basic policies of Medium-Term Management Plan 2024 announced November 25, 2021, Kaga Electronics Co., Ltd. has formulated a Medium- to Long-Term Sustainability Management Plan.
1. Sustainability Policy
Under our corporate philosophy of "Everything we do is for our customers," the Kaga Electronics Group seeks to achieve both a sustainable society and sustainable growth of the Group.
Toward this purpose, we will respect dialogue with customers, business partners, shareholders, investors, employees, local communities, and all other stakeholders, based on our Basic CSR Policy, Environmental Policy, and Action Guidelines. We will work to increase our corporate value as we play an active role in achieving a sustainable society.
2. Sustainability promotion structure
The Kaga Electronics Group views the promotion of sustainability as a key management issue. We have established an SDGs Committee chaired by the President and COO of Kaga Electronics Co., Ltd., and, under this committee, have created working groups for "Environment," "Society," and "Governance." In this way, we have established a management structure that promotes sustainability across the Group.
Under commitment by top management and collaboration among business divisions, we act through these working groups to formulate policies, measures, and goals that address ESG issues, to manage progress, and to otherwise promote sustainability within the Group as a whole.
● ESG issues being addressed by working groups
Environmental Issue Working Group
Promotes the proactive utilization of renewable energy at the Group’s domestic business bases in an effort to contribute to the realization of a “decarbonized society.”
Social Issue Working Group
Strives to push ahead with diversity promotion, work style reforms, health & productivity management and other endeavors, with management and employees acting in collaboration to adapt to a new normal in the era of living with COVID-19 and better position the Company to contribute to the enhancement of people’s quality of life and the creation of a sustainable society.
Governance Issue Working Group
Develops a corporate governance structure designed to enhance the Company’s competitiveness in keeping with the spirit of compliance with corporate ethics and legal regulations, so that it remains a valuable company for shareholders and all other stakeholders.
3. Identifying Materiality
The Kaga Electronics Group is committed to seriously addressing a variety of issues relevant not only to itself but also communities around the world and thereby living up to the expectations of society. In line with this commitment, the Group has employed four perspectives— Environmental (E), Social (S), Governance (G) and Business (B)—to identify priority issues that are deemed to exert significant impact on its business operations, as listed below. Through its efforts to tackle the materiality of these issues, the Group will practice corporate activities aimed at contributing to the realization of a sustainable society, with the aim of further improving its corporate value.
Materiality | Related SDGs | Changes in the socio-economic environment |
Our initiatives | |
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E | Create a clean global environment |
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S | Create an inclusive company as well as an affluent society |
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G | Create a sustainable management base |
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B | Realize sustainable business growth |
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4.Medium- to long-term sustainability targets and major KPIs
Key themes | Issues to address/examine | Medium-term targets | Long-term targets | Main activities and progress in FY2022 | |
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E | Achievement of shift to 100% renewable energy |
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2024: 40% (1%) | 2030: 100% |
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By 2024: Information gathering/analysis and determination of policy In-house power generation/external procurement Solar panel/biomass power generation/renewable energy businesses |
2030: 50% 2050: 100% |
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2030: 30% 2050: 100% |
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Shift to electricity for company-owned vehicles |
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2024: 85% (78.5%) | 2030: 100% |
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S | Diversity and human resource management |
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Percentage of female new graduates in general positions 2023: 30% (5.8%) Percentage of women in management positions 2024: 15% (13.3%) |
Percentage of female new graduates in general positions 2028: 40% Percentage of women in management positions 2029: 17% |
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Work–life management and enhancement of productivity |
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2022: Implementation of review 2023: Certification |
2025: Certification by outside party 2024 onward: Continuation of certification |
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G |
Restructuring the governance structure in response to the revision of the Corporate Governance Code and the reorganization of Tokyo Stock Exchange |
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June 2021: Performed | Setting of targets in line with next Corporate Governance Code revision |
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By June 2022: Determination of policy |
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November 2021: Performed |
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Further strengthening the supervisory and oversight functions of top management over business execution |
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April 2022: Enactment |
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By March 2023: Determination of policy |
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