Shin-Etsu Group Corporate Mission Statement
Shin-Etsu Group Business Principle
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 the provision of key materials and technologies.
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 Initiatives
The Group believes that it is the social responsibility of the Group to contribute to our stakeholders, such as shareholders, investors, customers, suppliers, 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 approximately 40 members, including directors and division heads of Shin-Etsu Chemical and CSR officers from group companies and other parties concerned.
CSR Organizational Chart
Outline of the Business Principle, Basic CSR Policy, and the Shin-Etsu Group’s activities
Challenges for FY 2019
In February 2019, the ESG Promotion Committee held a general meeting to clarify the following issues that the Group should address in FY 2019. These are issues that need to be addressed by the Group as a whole, where each and every one of the members of the Committee and its Secretariat will be actively involved at each division.
- 1. Integration of SDGs and management
- 2. Human rights due diligence1
- 3. Response to TCFD2
- 1 Human rights due diligence
An activity that a company recognizes, prevents and addresses adverse effects related to human rights both within and outside the company by repeating the PDCA cycle of (1) formulating and disclosing human rights policies, (2) assessing the impact of our business activities on human rights, and (3) negative impact prevention and correction (4) tracking and disclosing performance data.
- 2 TCFD (The Task Force on Climate-related Financial Disclosures)
It is a special team focusing on climate change disclosure, and was established by the Financial Stability Board (FSB) in December 2015. In July 2017, the TCFD has published a set of recommendations in which it calls for financial institutions, corporations and governments to disclose the impacts of climate change ,which was forecasted for mid to long-term, to their financial reports.
(related to CSR)
|Key CSR Issues|
|Vice Chairman||Fumio Akiya||In charge of Technologies||Key Issue 3: Product quality improvements and product safety control|
|President||Yasuhiko Saitoh||Chairman of ESG Promotion Committee|
|Managing Director||Toshiya Akimoto||Vice Chairman of ESG Promotion Committee
In charge of Public Relations, Legal Affairs and Purchasing
General Manager of Office for Digitization and Digitalization
Chairman of Risk Management Committee
|The foundation of all activities: legal compliance, fair corporate activities
Key Issue 4: Promoting CSR procurement and the diversification of supply sources
Key Issue 6: Respect for and protection of intellectual property
Key Issue 8: Accurate and timely information disclosure and communication with stakeholders
|Managing Director||Kenji Ikegami||In charge of General Affairs, Personnel & Labor Relations and Business Auditing||Corporate Governance
Key Issue 5: Respect for human rights, the development of human resources and the promotion of diversity
|Director||Toshiyuki Kasahara||General Manager of Finance & Accounting Dept.
In charge of Office of the President
|Corporate Governance (Fair tax payment, Operation of Group Companies)
|Director||Toshio Shiobara||In charge of Patents||Key Issue 6: Respect for and protection of intellectual property|
|Director||Yoshimitsu Takahashi||In charge of Environmental Control & Safety||Key Issue 1: Employees and contractor health and safety
Key Issue 2: Energy-saving, resource-saving and the reduction of the environmental impact
As of July 1, 2019
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.
In such circumstances, the Group remains firmly committed in its Business Principle 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
- 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.
The Company is incorporated in the following ESG index.
The inclusion of Shin-Etsu Chemical Co., Ltd. in any MSCI index, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement or promotion of Shin-Etsu Chemical Co., Ltd. by MSCI or any of its affiliates. The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.
The Group utilizes supply chain CSR management systems, such as RBA Online1, Sedex2 and EcoVadis3 to disclose CSR information.
- 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.