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Sustainability
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.
Initiatives through Fiscal Year 2022
The OKI Group has been promoting initiatives to sustainably implement corporate activities built on integrity that meet the expectations of stakeholders. The actions to be taken by all OKI Group employees are summarized in the OKI Group Charter of Corporate Conduct and the OKI Group Code of Conduct, by positioning them as the foundation of the values that the OKI Group should share, we have been working to raise awareness through actions that are more familiar to people.
While continuing this approach over the long term, in order to strengthen our sustainability efforts, we established the Sustainability Promotion Working Group (WG) chaired by the President in fiscal year 2020. The WG has been promoting activities based on the Material Issues defined in the Medium-Term Business Plan 2022.
In addition, we are promoting internal education and awareness-raising activities with the aim of fostering awareness in each employee to undertake initiatives as a matter of personal concern. In fiscal year 2022, in addition to implementing sustainability education for all Group employees in Japan, we held an internal forum on the theme of "Sustainability and Corporate Growth" with the President and the heads of related divisions as speakers.
Update of the Material Issues in Line with Our Medium-Term Business Plan 2025
In May 2023, the OKI Group announced its Medium-Term Business Plan 2025, which outlines our medium-term initiatives. In formulating the Plan, we reorganized OKI's issues and updated our Material Issues in accordance with the process shown on page 35. We will steadily promote ESG initiatives through implementation of "providing products and services that help solve social issues" in the three fields of contribution, as well as its underlying issues of "reducing environmental impact through business activities," "transforming into a corporate culture that continuously creates value," and "strengthening management foundation to support sustainable growth."
OKI Group's Materiality
Material Issues Update Process in Conjunction with the Formulation of the Medium-Term Business Plan 2025
To Strengthen Sustainability Initiatives
Along with the formulation of the Medium-Term Business Plan 2025, in April 2023, the Sustainability Promotion WG was transformed into the dedicated Sustainability Promotion & Corporate Communication Division and a new executive officer in charge was appointed. Under the new structure, we will promote initiatives based on the updated Material Issues, appropriately disclose progress, and engage in dialogue with stakeholders based on this to accurately grasp our own issues and the demands of society, which will lead to the strengthening of our activities.
Overview of Materiality and Initiatives in the Medium-Term Business Plan 2022
The following is an overview of the Materiality formulated in the previous medium-term business plan and the ESG initiatives that embody the Materiality in fiscal year 2022.
Materiality (Medium-Term Business Plan 2022)
Creating Social Value
| ESG Themes | Initiatives for FY2020 to FY2022 | FY2022 Results | |
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Strengthening Management Infrastructure
| ESG Themes | Initiatives for FY2020 to FY2022 | FY2022 Results | |
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| E |
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| G |
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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.
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