Shin-Etsu Chemical Co., Ltd.

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Shin-Etsu Group Corporate Mission Statement

The Group strictly complies with all laws and regulations, conducts fair business practices and contributes to people's daily lives as well as to the advance of industry and society by creating value through providing key materials and technologies.

Basic CSR Policy

The Shin-Etsu Group:

  • 1. Will do our best to increase the Group's corporate value through sustained growth and make multifaceted contributions to society.
  • 2. Will carry out all of our company activities by making safety always our utmost priority.
  • 3. Will constantly pursue energy-saving, resources-saving and the reduction of the environmental impact, and seek to help create a sustainable future world in which we all live in harmony with the Earth.
  • 4. Will endeavor to contribute to the prevention of global warming and the conservation of biodiversity by means of our cutting-edge technologies and products.
  • 5. Will strive to respect human dignity, assure equality in employment opportunities and support the self-fulfillment of our employees.
  • 6. Will appropriately disclose information in a timely manner.
  • 7. Will carry out trustworthy corporate activities that are based on the integrity of the Group's ethical values.

CSR Promotion Structure

CSR Promotion Initiatives

The Group believe that it is the social responsibility of the Group to contribute to our stakeholders, such as shareholders, investors, customers, business partners, local communities and employees.
To achieve this, we formulated the Basic CSR Policy and internal regulations and are carrying out CSR activities. In order to promote CSR activities in an effective and appropriate manner at a company wide level in all aspects of corporate activity, we have set up the ESG Promotion Committee chaired by the President, which is comprised of 40 members, including directors and division heads of Shin-Etsu Chemical and CSR officers from group companies and other parties concerned.

CSR Organizational Chart

CSR Organizational Chart

Outline of the Corporate Mission Statement, Basic CSR Policy, and the Shin-Etsu Group's activities

Outline of the Corporate Mission Statement, Basic CSR Policy, and the Shin-Etsu Group's activities

Holding the kick-off meeting for the ESG Promotion Committee

In December 2017, the kick-off meeting for the ESG Promotion Committee was held. Each and every one of the members of the Committee and its Secretariat is expected to be actively involved in ESG promotion. At the meeting, President Saitoh, the chairman of the Committee, presented the basic policy for ESG promotion and the direction the Group should take in this initiative. The Executive administrator explained about issues to be addressed by the Committee, the U.N. Sustainable Development Goals (SDGs) the Group should address as a member of global society, and the Group's support for the Global Compact Network Japan's Tokyo Principles for Strengthening Anti-Corruption Practices.

Holding the kick-off meeting for the ESG Promotion Committee

List of executives in charge of CSR initiatives

PositionNameCurrent Positions
(related to CSR)
Key CSR Issues
Vice Chairman Fumio Akiya In charge of TechnologiesKey Issue 3: Product quality improvements and product safety control
PresidentYasuhiko SaitohChairman of ESG Promotion Committee 
Managing DirectorToshiya AkimotoVice Chairman of ESG Promotion Committee
In charge of Office of the President, Public Relations and Legal Affairs
Corporate Governance (Operation of Group Companies)
The cornerstone of all activities: legal compliance, fair corporate activities
Key Issue 6: Respect for and protection of intellectual property
Key Issue 8: Accurate and timely information disclosure and communication with stakeholders
Managing DirectorMasaki MiyajimaChairman of Risk Management CommitteeRisk Management
DirectorToshiyuki KasaharaGeneral Manager of Finance & Accounting Dept.Corporate Governance (Fair tax payment)
DirectorHidenori OnezawaIn charge of Business AuditingCorporate Governance (Business Auditing)
DirectorKenji IkegamiIn charge of General Affairs, Personnel & Labor Relations and PurchasingCorporate Governance
Key Issue 4: Promoting CSR procurement and the diversification of supply sources
Key Issue 5: Respect for human rights, the development of human resources and the promotion of diversity
DirectorToshio ShiobaraIn charge of PatentsKey Issue 6: Respect for and protection of intellectual property
DirectorYoshimitsu TakahashiIn charge of Environmental Control & SafetyKey Issue 1: Employees and contractor health and safety
Key Issue 2: Energy-saving, resource-saving and the reduction of the environmental impact

As of June 28, 2018

Participant in UN Global Compact

In November 2010, the Group has joined to the UN Global Compact. As life in society has become more complex and more diverse in recent years, the social responsibilities of enterprises have grown.
Against this background, the Shin-Etsu Group remains firmly committed to its corporate mission statement, which calls for it to contribute to people's living, society and industry through value creation in materials and technologies, while observing all laws and regulations as well as conducting fair corporate activities. At the same time we ensure a flexible response to changes in the social and economic environment.
The Group has also been participating in the Global Compact Network Japan since November 2010. The Group takes part in subcommittees, such as the Supply Chain and ESG to utilize information on the latest development of CSR, gained from participation, for promoting the Group's CSR.
The Group signed a document to support GCNJ's Tokyo Principles for Strengthening Anti-Corruption Practices in February 2018.

Global Compact Ten Principles

WE SUPORT UN GLOBAL COMPACT
  • Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
  • Principle 2: make sure that they are not complicit in human rights abuses.
  • Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
  • Principle 4: the elimination of all forms of forced and compulsory labour;
  • Principle 5: the effective abolition of child labour; and Principle 6: the elimination of discrimination in respect of employment and occupation.
  • Principle 7: Businesses should support a precautionary approach to environmental challenges;
  • Principle 8: undertake initiatives to promote greater environmental responsibility; and
  • Principle 9: encourage the development and diffusion of environmentally friendly technologies.
  • Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.

Evaluation from Society

The Company is incorporated in the following ESG index.

  • MSCI Leaders Indexes
  • MSCI JAPAN
  • FTSE4Good
  • FTSE Blossom Japan Index
  • MS-SRI
  • Member of SNAM

Utilization of Supply Chain CSR Management Systems

The Group utilizes supply chain CSR management systems, such as RBA Online1, Sedex2 and EcoVadis3 to disclose CSR information. In fiscal 2017, the Group received a gold medal from EcoVadis.

  • 1 RBA Online
    An online database organized by non-profit organization the Responsible Business Alliance (Former Electronic Industry Citizenship Coalition) for managing labor, health and safety, environment and ethics in the supply chain. Enterprises in the global electronic industry and others take part in Responsible Business Alliance.
  • 2 Sedex
    An online database organized by and named after non-profit organization Sedex, for storing and accessing data regarding ethical and responsible business practices. Enterprises in the global 28 industries, including food, automobile, cosmetics and amenity from 150 countries, have joined Sedex.
  • 3 EcoVadis
    The supply chain management system operated by the French CSR rating agency EcoVadis which is used by multinational corporations in 150 countries of North America, Asia, and Europe.

Shin-Etsu Group Key CSR Issues

SDGs