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Participation in External Initiatives
United Nations Global Compact
To enhance our sustainability activities, we became a participant in the United Nations Global Compact (UNGC) in April 2018. UNGC is a voluntary initiative in which corporates and collectives act as good members of the society and participate in the creation of a global framework for achieving sustainable growth by demonstrating responsibility and creative leadership. We support 10 principles advocated by UNGC in four fields in human rights, labor, the environment and anti-corruption, and will continue to make efforts to realize them, thereby contributing to the sustainable development of society.
The Ten Principles of the United Nations Global Compact
| Human rights | Principle 1 | Businesses should support and respect the protection of internationally proclaimed human rights |
|---|---|---|
| Principle 2 | Make sure that they are not complicit in human rights abuses | |
| Labour | 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 | |
| Principle 6 | The elimination of discrimination in respect of employment and occupation | |
| Environment | Principle 7 | Businesses should support a precautionary approach to environmental challenges |
| Principle 8 | Undertake initiatives to promote greater environmental responsibility | |
| Principle 9 | Encourage the development and diffusion of environmentally friendly technologies | |
| Anti-Corruption | Principle 10 | Businesses should work against corruption in all its forms, including extortion and bribery |
Recommendations of Task Force on Climate-related Financial Disclosures (TCFD)
TCFD is a private-sector task force established by the Financial Stability Board (FSB) whose recommendations call for financial institutions, corporates and governments to disclose the impacts of climate-related business risks and opportunities on finance in their financial reports.
We announced support for TCFD Recommendations in 2020.
Taskforce on Nature-related Financial Disclosures (TNFD) Forum
The TNFD Forum is a network of companies and organizations who support the vision and mission of the TNFD, which is an international initiative launched in June 2021 aiming to achieve “nature-positive.” Its goal is to develop a framework from a natural capital and biodiversity perspective to adequately assess and disclose the opportunities and risks that impact businesses.
In April 2023, we joined the Taskforce on Nature-related Financial Disclosures (hereinafter “TNFD”) Forum.
Responsible Care Global Charter
Responsible Care (RC) activities aim to secure environment, health and safety performance on voluntary basis throughout the entire process, from the development of chemical substances to manufacture, distribution, use, final consumption and disposal / recycling. These activities also serve as a form of communication with society through the announcement of their results.
We have demonstrated that we are enhancing our efforts in RC activities through international cooperation by agreeing to and signing the Responsible Care Global Charter, which was revised in 2014, established by the International Council of Chemical Association, an organization that addresses issues shared by the global chemical industry.
Japan Chemical Industry Association (JCIA)
We have been a member of the Japan Responsible Care Council※ (JRCC) since its establishment in 1995 by JCIA.
As a member of JCIA, we also participate in the "Carbon Neutral Action Plan" of the Japan Business Federation (Keidanren).
- Became part of the Japan Chemical Industry Association in April 2012 to become the Responsible Care Committee, one of the association's business committees.
METI's “GX League”
We expressed its support for the GX (Green Transformations) League Basic Concept, which was announced by the Ministry of Economy, Trade and Industry (METI) in February 2022, and have been participating in the GX League since April 2023.
The GX League is designed to bring together companies actively engaged in GX to discuss the transformation of the entire economic and social system and practice initiatives to create new markets, together with players in government, academia, and finance that are tackling challenges to achieve GX.
