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Sustainability
Sustainability of the OKI Group
The OKI Group, as described in its corporate philosophy, underpinned by "enterprising spirit," has long aimed to contribute to people around the world through its core business, namely the provision of products and services that can serve the development of the information age. What underlies the Group's CSR initiatives is our commitment to the pursuit and fulfillment of this idea.
Based on this recognition, we enacted the "OKI Group Charter of Corporate Conduct" to ensure the Group as a whole fulfills its social responsibilities precisely in ways that comport with the Group’s corporate philosophy. In addition, in accordance with the Charter, OKI set up the "OKI Group Code of Conduct," to be followed by all OKI executives and employees. This Code of Conduct has been adopted across all Group companies and incorporated into OKI’s educational programs in order to be made well known and compulsory. The Charter and the Code are regarded as the basis for OKI Group Values that all Group executives and employees hold in esteem in their pursuit of increasing corporate value.
Making Initiatives Concrete Based on Materiality
In order to maintain this stance over the long term and practice sustainability management as a company "Delivering OK! to your life.," the OKI Group has updated its material issues (Materiality) with the formulation of its Medium-Term Business Plan 2025. Based on both OKI's vision and contribution fields, as well as the expectations/demands of society and stakeholders and the social issues confronting OKI, we have re-identified key issues that we need to address and organized into four categories: providing products and services that help solve social issues, reducing environmental impact through business activities, transforming into a corporate culture that continuously creates value, and strengthening management foundation to support sustainable growth. Based on these materialities, we will continue to pursue its environmental, social, and governance (ESG) initiatives.
Materiality (Medium-Term Business Plan 2025)
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 2021.
Materiality (Medium-Term Business Plan 2022)
Creating Social Value
| ESG Themes | Initiatives for FY2020 to FY2022 | FY2021 Results | |
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Strengthening Management Infrastructure
| ESG Themes | Initiatives for FY2020 to FY2022 | FY2021 Results | |
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| E |
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Participation in the United Nations Global Compact
The United Nations Global Compact (UNGC) is a voluntary initiative for participating in the creation of a global framework whereby companies and organizations act as good members of society to realize sustainable growth by demonstrating responsible and creative leadership. Under the commitment of top management, which agrees to subscribe to the 10 principles concerning the protection of human rights, the eradication of unfair labor practices, environmental measures, and anti-corruption, signatory companies and organizations to the UNGC are continuing to make efforts toward these goals.
In May 2010, OKI signed the UNGC to declare its support for the Compact. It also became a member of the Global Compact Network Japan, a local network in Japan. The OKI Group supports the UNGC's 10 principles and will work to contribute to creating a sustainable society.
The Ten Principles of the UN Global Compact
Human Rights:
Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
Labor:
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 labor;
Principle 5: the effective abolition of child labor; and
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; and
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.
Other Main Initiatives/Organizations in Which OKI Participates
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.
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