Sustainability Management
Based on the "enterprising spirit" raised in its corporate philosophy, the OKI Group is contributing to resolving social issues through the key Japanese concepts of Mono-zukuri and Koto-zukuri, and will also practice corporate activities built on integrity that are worthy of the trust of stakeholders.
OKI Group Sustainability
As a company "Delivering OK! to your life.," the OKI Group, guided by its corporate philosophy of an "enterprising spirit," contributes to resolving social issues through the key Japanese concepts of Mono-zukuri and Koto-zukuri, while engaging in corporate activities built on integrity that are worthy of the trust of stakeholders.
Basic Approach
In recent years, rapid advances in science and technology have coincided with worsening global environmental issues, such as climate change, and emerging social challenges, including human rights infringements and the spread of infectious diseases. As a result, expectations and demands from society and stakeholders for the OKI Group to contribute to resolving these issues have increased. Taking this external environment into account, we identify material issues (materiality) by considering both our vision and contribution fields, viewing them from two perspectives: value creation strategies and strengthening the management foundation that supports them.
As part of our value creation strategies, we have defined "providing products and services that help solve social issues" as a material issue. Guided by our corporate philosophy of an "enterprising spirit" and our commitment to "Delivering OK! to your life."—that is, solving social issues through the provision of mission-critical products and services that must not stop—we continue to pursue this unchanging mission with tireless effort.
With regard to strengthening the management foundation, we focus on "reducing environmental impact through business activities," "transforming into a corporate culture that continuously creates value," and "strengthening management foundation to support sustainable growth." Led mainly by corporate and business operation divisions, we promote cross-organizational management to reduce the negative impacts associated with business activities.
Key Initiatives for Fiscal Year 2024
In fiscal year 2024, under the material issue of “strengthening management foundation to support sustainable growth,” the OKI Group identified “respect for human rights within our own operations” and “management of human rights, the environment, and ethical issues among our suppliers” as key challenges and took steps to address them. With a focus on human rights, especially the risks faced by workers engaged in manufacturing at our own factories and within the supply chain, we promoted alignment among relevant divisions under the direction of the CEO, while also incorporating input from external experts. Based on this, we have begun planning responses for fiscal year 2025 onward and initiated discussions on specific measures.
Overview of OKI Group's Management System Issues Related to Sustainability
Sustainability Promotion Structure
In April 2023, the OKI Group established a dedicated sustainability promotion department and appointed an executive officer responsible for sustainability promotion to advance initiatives based on identified material issues, with the aim of achieving sustainable growth. The Management Conference makes decisions on important matters related to sustainability. Relevant departments, including the abovementioned dedicated organization, report to the Management Conference on the status of environmental, social, and governance (ESG) initiatives and issues that embody the material issues. Matters that may significantly impact business are reported to the Board of Directors.
OKI Group's Material Issues
Based on the expectations and demands of society and stakeholders, we reevaluated the social issues surrounding OKI. In conjunction with the formulation of the Medium-Term Business Plan 2025, we updated our material issues and continue to promote related initiatives through our daily business activities.
Progress on Material Issues
The progress on the material issues updated in fiscal year 2023 is as follows.
Main Initiatives/Organizations in Which OKI Participates
United Nations Global Compact (UNGC)
In May 2010, OKI signed the "United Nations Global Compact (UNGC)." The OKI Group supports the UNGC's 10 principles concerning the protection of human rights, the eradication of unfair labor practices, environmental measures, and anti-corruption, and will work to contribute to creating a sustainable society.
Task Force on Climate-related Financial Disclosures (TCFD)
In May 2019, OKI announced its support for the "Task Force on Climate-related Financial Disclosures (TCFD)" recommendations. We will disclose and disseminate information in accordance with TCFD recommendations, and will strengthen our efforts to contribute to the realization of a sustainable society brought about by a virtuous cycle of the environment and the economy.
Japan Climate Initiative (JCI)
In April 2020, as a part of initiatives aimed at contributing to global warming prevention and the achievement of SDGs, OKI joined the "Japan Climate Initiative (JCI)," a network aiming for the realization of a decarbonized society. We will leverage co-creation with a broad range of partners aiming for decarbonization to strengthen our measures against climate change, and will contribute to the realization of a decarbonized society.
Challenge Zero
In June 2020, OKI joined "Challenge Zero (Challenge Net Zero Carbon Innovation)" organized by Keidanren (Japan Business Federation), which aims to encourage companies and organizations to take on the challenge of creating new innovations to realize a decarbonized society. We will take on this challenge of creating new innovations that will lead to products and services which contribute to resolving a wide range of environmental issues.
Responsible Minerals Initiative(RMI)
In August 2023, OKI joined the Responsible Minerals Initiative (RMI), which promotes responsible mineral procurement. As a member of RMI, we will maintain a grasp of the latest international developments and promote responsible mineral procurement initiatives.
