Sustainability Management
Sustainability Fundamental Policy
We achieve sustainability by constantly evolving.
We also believe we must protect our irreplaceable planet and remain true to the expectations of our local communities and stakeholders.
To this end, we identify materiality in our various activities and work to address issues through corporate activities, business operations and dialogue.
Through these efforts, we will fulfill our social responsibilities and enhance our corporate value by continuing to take on “new” challenges. In doing so, we will contribute to the development and evolution of a sustainable society.
Promotion Framework
Sustainability Committee Framework
Code of Conduct
This Code of Conduct determines the basic conduct for practicing Yokowo's "Purpose", "Vision" and "Value" as defined in our corporate philosophy.
1.Establishment of Trust
- 1)Yokowo and our employees will strive to ensure healthy earnings and to push forward with vigorous efforts for evolving management and swift decisions.
- 2)Yokowo and our employees will make every effort to put quality first and to establish "Yokowo, a quality brand".
- 3)Yokowo and our employees will act in a manner that takes the customer's position into consideration when providing products and services, from the perspective of customer satisfaction levels.
- 4) Yokowo will persist in its effort to be a company that acts with sincerity towards every stakeholder, and will implement the accurate, prompt and active disclosure of information in accordance with laws and regulations and international norms.
- 5)Yokowo and our employees will respect intellectual property rights, while also protecting intellectual property rights that are creations achieved in business activities.
- 6)Yokowo and our employees will contribute to society as good citizens.
- 7)Yokowo will respect the customs and culture of each country we work with and will cooperate with the international community in corporate activities as a company that is open to the world.
- 8)Yokowo positions safety and health as its highest priority management issue. We will ensure safety and will pursue to create a workplace where employees and stakeholders can work with peace of mind, while working to enhance physical and mental health.
- 9)Yokowo will be mindful of environmental impact of our business activities and will contribute to the realization of a rich natural environment through initiatives for continuous improvement of environmental management systems.
2.Regulatory Compliance
- 1)Yokowo and our employees will faithfully observe the international code of conduct, laws and regulations of individual countries, and the rules and regulations set forth by the Company, and will not engage in improper acts.
- 2)Yokowo and our employees will not tolerate any and all forms of anti-bribery, corruption, extortion and embezzlement, nor will we ever engage in acts that would affect normal business relationships, such as giving or receiving excessive entertainment or gifts and offering money or other benefits.
- 3)Yokowo and our employees will not engage in acts that conflict with the interests of the Company, such as making deals with the Company for the benefit of a competing company, trading partner, or oneself. We will also perform our work with sincerity and integrity, and will distinguish between public and private matters.
- 4)Yokowo and our employees will not engage in insider trading that makes use of information learned in the course of business, nor will we engage in acts that would raise such suspicions.
3.Respect for Human Rights
- 1)Yokowo and our employees will respect human rights, will not discriminate against any person on the basis of race, nationality, gender, creed, religion, age, sexual orientation, gender identity, disability or other attributes, and will not treat anyone inhumanely through any form of forced labor, child labor, harassment or physical abuse.
- 2)Yokowo will observe the laws and regulations of individual countries and regions with respect to freedom of association and the right to collective bargaining, will build sound relationships between our management and employees and will promote labor-management dialogue.
- 3)Yokowo will treat and deploy employees according to their ability and results, and will respect the originality and individuality of each person.
4.Fair Trade
- 1)Yokowo and our employees will procure and sell products and services through fair, open, and free competition.
- 2)Yokowo and our employees will not engage in acts that put a trading partner at a disadvantage through the abuse of our dominant position.
- 3)Yokowo and our employees will manage exports properly in accordance with the laws, rules and regulations to maintain peace and security.
5.Responsible procurement of minerals
- 1)Yokowo will work to ensure responsible mineral sourcing practices, without using conflict minerals related to illegal acts, including human rights infringements, environmental contamination and illegal mining in conflict regions.
6.No Relationship with Antisocial Forces
- 1)Yokowo and our employees adopt a resolute stance against antisocial forces that pose a threat to social order or healthy corporate activities, and will never engage in dealings with them.
7.Protection of Information
- 1)Yokowo and our employees will strictly safeguard information handled in the course of business without leaking it, disclosing it improperly, or using it for anything other than the intended purpose.
- 2)Yokowo and our employees will handle and protect personal information properly in accordance with laws and regulations and international norms.
Revised: August 11, 2023
Materiality
Our Purpose reads, "Be a good company by employing people and technologies that work for the benefit of society today and tomorrow." In a bid to be a good company to work for the benefit of society, we have developed the New Medium-Term Management Plan 2024∼2028 from a medium- to long-term perspective and revised the material issues (materiality) identified in 2020.
Revision to the material issues and the viewpoint
In the context of a rapidly changing external environment and increasing management uncertainty, we, as a group, have revised our materialities and related indicators and targets in connection with the formulation of the New Medium-Term Management
Plan 2024-2028. We examined each issue by considering how we affect society and the environment, and how society and the environment affect us. We then set key issues and materialities, with corresponding indicators and targets.
The five key areas in the non-financial areas we have established will help to implement the New Medium-Term Management Plan 2024-2028 through specific materialities
initiatives. By linking them to the financial areas, we will increase our corporate value and contribute to the development and evolution of a sustainable society
Process to Identify Materialities
- Step1Identify and organize ESG issues
- Step2Prioritize them
- Step3Select possible materialities
- Step4Discuss and approve materialities
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- Step1Identify and organize ESG issues
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To identify issues, we created a long list based on questions from ESG rating organizations, reports from international organizations, and key issues from business partners and our own company, and organized them into four groups: E (Environment), S (Society), G (Governance), and Other.
- Identify issues
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- Questions from ESG rating organizations (FTSE, CDP, RBA, EcoVadis, etc)
- The World Economic Forumʼs Global Risks Reports
- Key stakeholder issues
- Our own key issues
- Organize issues
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- E (Environment)
- S (Society)
- G (Governance)
- Other
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- Step2Prioritize the issues
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To prioritize the issues identified in Step 1, we established two rating axes: Importance to stakeholders and importance to our business, each with a three-level scale of very important, important, and not important. We conducted a survey of our executives and employees in Japan and overseas, and created a materiality map.
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- Step3Select possible materiality
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Based on the survey results, the Executive Meeting selected possible materialities for each of the five key areas ―human capital, human rights, stakeholder engagement, global environment, and governance― and proposed KPIs and targets for FY2030.
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- Step4Discuss and approve materiality
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The Board of Directors discussed and approved the five key areas, 13 materialities, KPIs, and FY2030 targets selected by the Executive Meeting.
The identified materialities, KPIs, and FY2030 targets will be revised as necessary to reflect changes in the external environment and business, as well as the progress of activities.Key Aareas Materiality Human capital - Diversity, equity and inclusion
- Global workforce development
Human rights - Respect for human rights
- Rights of those who work with us
Stakeholder
engagement- Customer satisfaction
- Two-way communication with business partners
- Dialogue and interaction with local communities
- Dialogue with shareholders and investors
Global environment - Climate change mitigation and adaptation
- Transition to a circular society as well as management and reduction of hazardous sbstances
Governance - Corporate governance
- Compliance
- Risk management