Shin-Etsu Group Key ESG Issues
Specifying Shin-Etsu Group Key ESG Issues
In order to practice the 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," we have been working on a wide variety of activities.
What the Group must address in particular was defined as "Key ESG Issues (former: Key CSR Issues)" through the following procedure in FY 2015.
Process of Specifying Key ESG Issues
1. Clarifying Key ESG Issues
The Committee made investigations into the followings for all of the Company's departments and major domestic Group companies.
1.Reconfrim and classify stakeholders of each department and each company.
2.List Key ESG Issues in each department and each company referencing to ISO26000 core subjects.
3.Score the level of importance of each key issue for the Group as well as for stakeholders.
2. Creating a scatter plot of Key ESG Issues and organizing them
The Committee created a scatter plot of key issues on the basis of the key issues and their scores submitted by each department and each company. The result showed that the majority of key issues were "very important" issues.
The Committee organized the listed key issues and also created a draft of Key ESG Issues with these being reflected in the scatter plot.
3.Interviews with Outside Directors
We had individual interviews with all Outside Directors based on a draft of Key ESG Issues. The followings are the suggestions and opinions provided by the Outside Directors.
1.Compliance with Laws and Regulations should be related to all issues.
2.All of the Key ESG Issues listed are equally important for the Group, and it is difficult to prioritize them.
3.The Group should clarify what we are aiming at as a goal as the Group specify Key ESG Issues.
4.Re-examination in the Committee and approved by the management
Based on the suggestions and opinions from the Outside Directors, the Committee has re-examined key issues. The Managing Directors' Meeting, which is the decision-making institution with all the directors and audit & supervisory board members also examined and has decided the items in the diagram below as the Key ESG Issues of the Group.
In addition, in December 2018, the ESG Promotion Committee discussed the key issues and their materiality that had been reviewed by all departments of the Company and major Group companies in Japan, and decided to continue to address the key issues identified in 2015.
The Group will work equally on all of these Key ESG Issues without priorilty.
Shin-Etsu Group Key ESG Issues
- The foundation of all activitieslegal compliance, fair corporate activities
- Employees and contractor health and safety
- Energy-saving, resource-saving and the reduction of the environmental impact
- Product quality improvements and product safety control
- Promoting CSR procurement and the diversification of supply sources
- Respect for human rights, the development of human resources and the promotion of diversity
- Respect for and protection of intellectual property
- Contribution to industry and social initiatives
- Accurate and timely information disclosure
and communication with stakeholders