In March 2022, Moriroku Group formulated its Sustainability Policy. The Moriroku Group Sustainability Policy is a commitment to the role that the Moriroku Group should play in realizing a sustainable society.
We aim to become a "400-year company" that is increasingly expected and sought after by all stakeholders by engaging in business activities that take all stakeholders into consideration and by contributing to the resolution of social issues. In addition, we will strive to enhance information disclosure from the perspectives of environment, social, and governance in order to improve our corporate value.
The Sustainability Policy of the Moriroku Group
Based on our management principles, we, the Moriroku Group, and our stakeholders will co-create the value required by the new age and contribute to the sustainable growth of society.
- We will work to solve social issues beyond conventional business areas by leveraging the Group’s functions and resources to the fullest.
- We will aim for a sustainable mobility society through innovative manufacturing that contributes to carbon neutrality and the cyclical use of resources.
- We will contribute to the achievement of an ecological, recycling-based society by providing green chemicals throughout the entire supply chain.
- Based on a foundation that respects human rights, we will continue to create new value through an organization that pursues employee wellbeing and in which diverse personnel participate actively and work with satisfaction.
- We will nurture mutual trust via highly transparent and honest business activities, understanding the expectations and requests of society through dialogue with stakeholders.
Relationship with Management Philosophy
In order to realize its management philosophy, We have continued its business activities for about 360 years, based on the values of "progressive spirit" and "total cooperation," while emphasizing "compliance," "respect for life and dignity," "customer satisfaction," and "contribution to society."
Based on these basic principles, we have established the Moriroku Group Sustainability Policy as a guideline for implementing the new mid-term management plan and moving forward to where we want to be in 2030―expanding our fields and ideas into the future and aiming for sustainable growth together with society.
Sustainability promotion system
Moriroku Holdings Company will establish a Sustainability Promotion Division under the direct control of the president to lead the sustainability activities of the entire Moriroku Group. In addition, two major operating companies (Moriroku Technology Company, Ltd. and Moriroku Chemicals Company, Ltd.) have established their own Sustainability Promotion Divisions under the direct control of the president to promote and disseminate activities in the Moriroku Technology Group and the Moriroku Chemicals Group.
Moriroku Holdings has established a Sustainability Committee, with the Sustainability Promotion Division serving as secretariat, to formulate and monitor policies and report to the Board of Directors. The Sustainability Committee is chaired by the president of Moriroku Holdings. The committee convenes management and other members of the group companies according to the agenda, and also holds discussions with outside directors and auditors.
Moriroku Group Sustainability Promotion System
Materiality of sustainability issues
Moriroku Group has established the following nine materiality issues based on its medium- and long-term goals, requests from the international community and stakeholders, trends at other companies, and its own issues.
Moriroku Group Sustainability Material Issues
- Development and sales of products and solutions that solve social issues
- Creating a rewarding workplace
- Addressing the issue of climate change
- Recycling of resources
- Establishment of CSR management
- Promotion of D&I
- Occupational safety and health
- Respect for human rights
- Promotion of CSR procurement
Materiality identification process
In order to identify materiality issues, we conducted a survey on social and industry trends, followed by a checklist based on international guidelines such as ISO 26000, to understand the current situation and sort out the sustainability issues surrounding the Group. We then mapped the selected candidate key issues on the two axes of "importance to society (stakeholders)" and "importance to the Group's business (earnings growth)," and narrowed them down to the nine most important issues to be prioritized.
The Moriroku Group will formulate priority actions to be taken and KPIs for each action so as to address the nine key issues. First, we have formulated the following three items as the most important KPIs that the Group aims to achieve by 2030.
*Other action plans and KPIs will be reported as they become available.
|Major KPIs||Scope of coverage||Reference year||Target|
|1. Positive responses to "employee engagement" and "environment for making the most of employees" in the employee awareness survey results: Over 60%||Moriroku Holdings Company, Ltd.
Moriroku Technology Company, Ltd.
Moriroku Chemicals Company, Ltd.
|―||End of FY2030|
|2. GHG emissions reduction rate: 50%||Overall Moriroku Group||FY2019|
|3. Renewable energy introduction ratio*: 55%||Overall Moriroku Group||―|
Ratio of electricity from renewable energy sources to total electricity consumption