We respect humanity and nature.
In order to implement CSR management under our corporate philosophy, the ” IBIDEN WAY,” we have revised the IBIDEN Group Charter of Behavior to reflect our role as a global corporation as well as requests from our stakeholders. To achieve the goals for the entire Group, we will promote activities to put the targets into practice.
We aim to enhance our corporate value
Medium-Term Business Plan: The Group positioned CSR management as one of the three core activities, as laid out in the ”Global IBI-TECHNO 100 Plan.”
The Group's CSR concerns four policy areas: (1) internal control including corporate governance, compliance and risk management; (2) human resources management; (3) environmental management; and (4) social contribution. The Group attempts to address these four areas in its effort to undertake activities in a broad sphere for the benefit of all stakeholders and to forge stronger relationships with our stakeholders based on mutual trust.
By strengthening our internal control functions through proactively developing ”activities for advancing compliance and risk management” and by augmenting and strengthening the management oversight functions of our board of directors and the audit functions of our auditors, we are creating a transparent corporate control system that can accommodate the reliance of our shareholders and society.
By achieving thoroughgoing commitment to ”compliance with domestic and foreign laws, our articles of incorporation, internal regulations and corporate ethics” and through open and fair corporate activities, we aim to be a company that international society relies on.
With respect to risks to corporate value that can have major impact on the smooth management of operations by the group, we enable continuation of operations by reducing and preventing recurrence of loss of corporate value for all stakeholders.
In line with the value on ”respect for humanity” included in the IBIDEN WAY, we are committed to respecting the creativity and personality of each and every employee and to value a corporate culture that enables its diverse human resources.
With progress made in our IPM* activities, which will take IBI-TECHNO 4 to a new height, we aim to achieve ”management of the Company by every employee” that directly links the self-realization of employees to the Company's profitability.
*IBIDEN Profit Management
We conduct the environmental load reduction activity with all concerned people under IBIDEN WAY, aim Harmony with nature by reducing the bad effect on global environment generated in our business operation and fulfill the role as sustainable company.
We aim to contribute to local communities by taking advantage of our unique corporate characteristics, including our capacity to improve living environments and to offer opportunities for personal development. We take part in and support groups involved in activities of this nature. We also undertake our own community projects across the globe, tailoring them to local cultures and customs, and earning the trust of the international community.
In recent years, attention has increasingly focused on socially responsible investment (SRI), referring to corporate investment from a social perspective, taking into account considerations such as the environment and social contribution rather than concentrating exclusively on profitability and other corporate and financial targets. Having been evaluated by an SRI evaluation organization, we have been selected for inclusion in the Dow Jones Sustainability Indexes (DJSI World, DJSI Asia Pacific)*1, ETHIBEL EXCELLENCE*2, Morningstar's SRI Index*3. Furthermore, IBIDEN was selected for "Global 100 Most Sustainable Corporations in the World," announced at the World Economic Forum in the fiscal year 2011. (as of June 2012).
*1 : The DJSI is a socially responsible investment index established by Dow Jones (U.S.) and Sustainable Asset Management (Switzerland) on 1999.
*2: Investment universe composed by highly valued companies from social responsibility perspective that is operated by Forum Ethibel, a non profit organization based in Belgium.
*3 : The MS-SRI is the first socially responsible investment index in Japan. Morningstar Japan K.K. selects 150 companies from among listed companies in Japan by assessing their social responsibility, and converts their stock prices into the index.
In order to realize and maintain CSR management, it is essential not only to conduct internal evaluations and audits but also to assess our activities from an objective viewpoint. To this end, the Company undergoes an external assessment every two years and strives to improve on the credibility of the CSR activities it promotes.
In March 2012, we thus underwent the "Sustainable Management Assessment" (SMA) which was conducted by a nonprofit organization (NPO), the Sustainable Management Forum of Japan (SMF), to evaluate the level of our activities pertaining to areas such as management, environment and social development while working jointly with the organization to verify the evidence (proof and/or rationale) of these activities. As the SMF takes into account the requirements of ISO 26000, we believe that the assessment conducted on the Company's activities provides an evaluation based on international guidelines.
We were given an average evaluation of 77.5% as a result of this assessment, which indicated that we have yet to satisfy all sustainable management standards. By category, we were given "meets the sustainable level" in the area of management such as compliance and risk-management, "approaching the sustainable level" in the area of environment and "almost meets the sustainable level" in the area of social development including human resource management. The evaluation also provided suggestions for improvements.
The Company conducts gap analyses between "what it should be" and the results of external corporate evaluations. Our CSR Promotion Division analyzes the data obtained from important survey questions and discusses the course of action with departments involved to identify elements that are lacking at the Company. Furthermore, if it is possible to improve upon these elements during the next fiscal year, each department develops strategies within its action policy.
The results of CSR-related audits conducted by third-party organizations similarly undergo the process of gap analysis to establish the difference between the global industry-required standards and the Company's current efforts, and to identify issues that need to be addressed. We take to heart the suggested issues put forward during these audits and strive to improve upon them by analyzing the causes and implementing corrective actions as well as preventative measures. Furthermore, we are working toward creating a system that meets the global standards by improving upon these issues. For fiscal year 2011, our focus was on developing further our human rights activities in Asia by establishing rules and guidelines that clearly state items that require attention concerning human rights.