In accordance with our basic approach to sustainability, the Sojitz Group conducts sustainability initiatives under the following policies.
Key Sustainability Issues (Materiality)
Through consideration of our stakeholders’ expectations and interests, as well as level of importance to the Sojitz Group, we have established the following six “Key Sustainability Issues (Materiality)” as mid and long-term Group goals.
We have set "Sustainability Goals" for each Key Sustainability Issue (materiality) to achieve within the period of the Medium-term Management Plan 2020.
Long-term sustainability vision “Sustainability Challenge”
We have established the “Sustainability Challenge” as our long-term vision for sustainability.
We aim to create sustainable growth for both Sojitz and society by working to help achieve a decarbonized society through our business activities, and by responding to human rights issues, including those within our supply chains.
The Sojitz Group has established a long-term vision for sustainability
to continue creating “value and prosperity” as put forth in its
corporate statement. This sustainability vision was formulated based
on the Paris Agreement’s call for countries to set goals for 2050
to realize a decarbonized society, and the global issues to be addressed
under the UN’s sustainable development goals (SDGs).
Sojitz will work to achieve this vision by continuing to expand businesses which contribute to a low-carbon society over the next 10 years, while continually working to promote human rights.
In the Medium-term Management Plan 2020, management will take the lead in assessing CO2 emissions from business activities and accelerating the growth of businesses that contribute to the realization of a low-carbon society.
The Sustainability Committee aims to support sustainable
growth at the Sojitz Group by establishing company-wide sustainability-related
policies and goals, constructing frameworks for implementation, organizing,
and working to monitor and promote progress for each policy.
The Corporate Sustainability Office is a specialized department that serves as the Secretariat of the Sustainability Committee, cooperating with related departments within the Group to promote sustainability-related initiatives at the Sojitz Group.
(As of June 20, 2017)
* Representative Director
|Members|| ・Executive Vice President,
Executive Management of Business Group (Automotive, Aerospace & Transportation Project, Machinery & Medical Infrastructure, Energy & Social Infrastructure, Metals & Mineral Resources)
・Senior Managing Executive Officer*,
Corporate Planning, Corporate Sustainability , Overseas Project Development Office
・Senior Managing Executive Officer*,
Executive Management of General Accounting, IT Planning, M&A Management Office, Controller Office Oversight
IR, Finance, Structured Finance
・Senior Managing Executive Officer,
Executive Management of Business Group (Chemicals , Foods & Agriculture , Foods & Agriculture Business, Retail & Lifestyle Business, Industrial Infrastructure & Urban Development)
・Managing Executive Officer,
Human Resources & General Affairs
・Corporate Sustainability Office
Managing Environmental & Social Risk
Risk Management by the Sustainability Committee / Reports
Submitted to the Board of Directors (Supervisory Body)
Sojitz Group classifies and defines the many risks associated with our businesses according to our Basic Code of Corporate Risk Management, and we establish a risk management policy and management plan for these risks each year, based on a resolution by the Board of Directors. （See this page for details.） Among these risks, countermeasure policy and initiatives regarding environmental and social risk (including risk related to climate change) are deliberated by the Sustainability Committee. These policies and initiatives may then be put into action following a report to the Management Committee and Board of Directors.
Deliberation by the Sustainability Committee
Sojitz has established six Key Sustainability Issues (Materiality) (human rights, environment, local communities, resources, human resources, and governance) which all organizations are expected to address, as well as accompanying CSR policies. In establishing these focus areas and policies, we referenced international standards—such as the SDGs to be met by 2030—and identified issues facing our business in the long term, including environmental issues like climate change.
Specifically, the Sustainability Committee deliberates policies related to response to environmental and social risk, climate change countermeasures, promotion of supply chain CSR, ESG disclosure, environmental ISOs, promotion of the Sojitz Wood Procurement Policy, social contribution activities, and other CSR topics.
Conducting Scenario Analysis
One of the ways we confirm climate change risk is by conducting a scenario-based assessment of our power generation businesses, as an important business area in our portfolio and one at high risk of impact from environmental regulations. Our scenario analysis uses three scenarios (current policy scenario, new policy scenario, and sustainable development scenario) prepared by the International Energy Agency (IEA) to map forecasts leading up to 2040, with our analysis taking into account any regulations which may be introduced to major countries where we do business, as well as each scenario’s assumed impact on our business.
Imagining and analyzing the impact on our company based on multiple scenarios reflecting actual progress on environmental tax systems and other regulations has enabled us to develop a forecast for how we can respond to changing conditions in the future. For all scenarios, we came to the conclusion that any impact on our business would be limited.
Establishing Action Plans for Departments and Offices
The policies and items resolved by the CSR Committee and reported to the Management committee and Board of Directors are made known to employees not only through the company intranet, but also through regularly held briefing sessions with each department, organized by the CSR Committee secretariat.
Items resolved by the Sustainability Committee are established by each department and office at the beginning of the period. These consist of 1) environmental impact of business activities around the world, and an analysis of related laws and regulations; and 2) goal setting and action plans to mitigate these environmental impacts, including those related to climate change. These items are reviewed by each department and office every six months, and the results of these reviews are evaluated by the CSR Committee and reported to the Management Committee at the beginning of the following year.
New Investment Projects
In addition to examining a project’s business plan, deliberation on all business investments and loans require projects to be analyzed and evaluated for risks to the environment (climate change-related risks) and risks to society (the risk of impacting local residents, labor safety-related risks, etc.) A project’s value must be confirmed from a sustainability perspective prior to resolution.
Sojitz has established the Sojitz Group Compliance Program to outline steps for ensuring thorough compliance, and the Sojitz Group Code of Conduct and Ethics as an action guide for employees. Sojitz also works to promote thorough understanding of compliance by distributing a booklet of case studies and a hotline card to all executives and employees to supplement the Code manual.
Moreover, as thorough understanding of compliance requires steadily and consistently reinforcing policies, Sojitz conducts a variety of training programs for Group employees and officers such as e-learning and compliance training.
In addition, to prevent corruption, Sojitz has established the Sojitz Group Anti-Corruption Policy and the Sojitz Group Anti-Corruption Guidelines, and is also implementing corresponding regulations at overseas Group companies and bases.
About Compliance, see this page for details.
About Human Rights, see this page for details.