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Sustainability Management
Sustainability Basic Policy
The Hagiwara Electric Group promotes sustainability management by promoting business activities from a medium- to long-term perspective and improving social adaptability based on the philosophy of "Creativity and Ambition." While raising awareness of SDGs and ESG (environment, society, and governance), we strive to create new value, provide superior goods, products, and services to society, contribute to corporate growth and the sustainable growth of society, and strive to be a company that is needed by society.
Sustainability Promotion System
The Sustainability Committee (Chairperson: Representative Director, President Executive Officer, and members of the Management Meetings) has been established to enhance the effectiveness of corporate governance and sustainability initiatives through discussions on progress and issues. The Risk Management Committee, the Internal Control Committee, and the Sustainability Promotion Committee have been placed directly under the committee to establish a management system that promotes sustainability and ESG across the entire Group. Through the activities of these committees, we will work together to promote and deepen sustainability management.
Role of each organization
| Committee Name | Role | Frequency |
|---|---|---|
| Sustainability Committee | To achieve sustainable growth and maximize corporate value of the entire group, discuss and formulate sustainability management strategies based on the Sustainability Policy, and report it to the Management Committee. | Four times a year |
| Risk Management Committee | Promote risk management to appropriately manage a variety of internal and external risks associated with our group's business activities. | Four times a year |
| Internal Control Committee | Establish our group's compliance and internal control systems, periodically verifies their appropriateness and effectiveness, and promote measures to improve problems. | Once a month |
| Sustainability Promotion Committee | Identify important sustainability themes and issues related to SDGs and ESG initiatives across our group, and work to embed them into group-wide activities. | Four times a year |
Hagiwara Electric Group Corporate Code of Behavior
Hagiwara Electric Group Corporate Code of Behavior
Hagiwara Electric Group contributes to the realization of a sustainable society and aim for its own continuous growth through the practice of business activities based on the management philosophy of "Creation and Challenge". In addition, we do not only comply with relevant laws and regulations, but also act with high ethical standards to fulfill our social responsibility and social contribution as a good corporate citizen.
1. Customer Satisfaction
We provide useful products, items, and services that exactly match the market needs, with re spect for our customers and with consideration for ensuring safety and quality, and through dialogue with our customers and promotion and support of research and development, we gain our customer satisfaction and trust and contribute to sustainable economi c growth and solutions to social issues.
2. Challenging Spirit
We strive for further self-improvement on our part on a daily basis and challenge ourselves to create innovation and value without fear of failure, while tackling new challenges by trying to be imaginative and creative.
3. Fair and Proper Corporate Activities
We conduct our corporate activities in accordance with laws, social norms, and good social sense and have no relation with any individual or group that disturbs social order or hinders sound business activities.
4. Proper Accounting Procedures
In performing all financial and accounting processes, we adhere to related laws and corporate codes to completely leave out any possible unclear and opaque bookkeeping and have an effective internal audit system of all group companies in place, so that we have accurate and proper accounting procedures in place.
5. Emphasis on Communication
We strive to communicate well with a wide range of stakeholders (customers,shareholders, investors, business partners with whom we have cooperative relationships, government agencies, local communities, etc.), ensure the reliability of accounting and financial reporting, improve management transparency, and disclose corporate information in a positive and accurate manner.
6. Global Environment Preservation
We strive to reduce the environmental impact of our business activities and supply chain, and contribute to the conservation of the global environment and the realization of a recycling-oriented society.
7. Social Contributions/Coexistence and Co-Prosperity with Our Community
We make contributions to society through our business activities, keep close cooperation and stay on good terms with our community, and aim to be good businesspeople.
8. Respect for Human Rights, Work Style Reform and Work Environment
We respect individual differences, personality, and characteristics, make no racial,or gender discriminations against anyone, and abuse no human rights. We condemn any child or forced labor practices. In addition, we ensure the safety and health of our workers and strive to realize diverse work styles and create a favorable work environment.
9. Information Resource Control
We fully recognize our own and others' intellectual property and rights and use those in a fair and proper manner. We also have proper control of information resources including privacy information, customer information, and trade secret information.
10. Risk Management
In preparation for diversifying risks, we strive to reduce risks that may hinder business continuity under appropriate risk management and continuously improve our crisis response system.
11. Role of Top Management and Ensuring Awareness of this Code
Top management recognizes the importance of realizing the spirit of this Code for the operation, survival, and development of the Hagiwara Electric Group, and will take the initiative in establishing effective governance, and will ensure that all concerned parties are fully aware of the importance of this Code.
12. Dealing the Problems
In case a grave situation against this code occurs, top management itself tries to solve the problem and takes preventive measures against recurrence of such situations. It also imposes a severe punish ment on those involved as well as itself.
Established: December 1, 2005
Revised: April 1, 2024
Material Issues
Identification and Review of Material Issues
In FY2021, the Hagiwara Electric Group identified four material issues by investigating and examining the importance of various social issues from the perspectives of both the business environment and stakeholders. In light of changes in the surrounding environment and medium- to long-term management strategies, we reviewed the materiality and, following a resolution by the Board of Directors in June 2024, redefined four material issues.
Building on the foundations and achievements of our past initiatives, we have identified key themes aligned with newly defined material issues. Through these themes, we have clarified our vision for a sustainable society and the future growth of our corporate group. We will work to deepen and refine our sustainability activities by linking them with the measures in the Medium-Term Management Plan.
Material Issues of Hagiwara Electric Group
Material Issues and Significant Themes
| Materiality | Significant Themes | Vision for a Sustainable Society and Sustainable Growth |
|---|---|---|
| Improving earning power (earning structural reform) |
|
A company that is trusted and remains essential to society by expanding its contributions to sustainability, starting with value creation through the realization of a diverse mobility society and transformation of manufacturing sites |
| Addressing environmental issues centered on climate change |
|
Realize a sustainable society where nature and people coexist in harmony, by providing products and services that balance environmental and economic value, and contributing to a decarbonized society in collaboration with our supply chain |
| Maximizing human power through human capital management |
|
Transforming into a company with a fulfilling workplace culture, enriched by talent who embody My Innovation through two forms of “JIRITSU” (Independence and Autonomy) and three types of “SHINKA” (Invent, Evolve, and Deepen), and who pursue creativity and Ambition |
| Sound and reliable company foundation |
|
A company that is trusted and valued by a wide range of stakeholders, built on a highly transparent and robust management foundation |
Growth Vision of the Hagiwara Electric Group Based on Material Issues
In "Enhancing Earnings Power," we will promote business activities based on two perspectives of the relationship between business activities and sustainability activities. While appropriately and organically linking material issues, we will pursue a sustainability approach that is unique to the Hagiwara Electric Group and aim to evolve our activities.
Sustainability Supported by Existing Business Models
The Hagiwara Electric Group is promoting the expansion of value provision through a solutions-oriented approach in Electronic Devices Business and Technology Solutions Business, which play a core role in our Group, and has set "expanding delivered value and reforming profit structure through a solutions-oriented approach" as a priority theme. By leveraging engineering services and data utilization, we will innovatively evolve our conventional business model and stably support the growth of a resilient supply chain while appropriately meeting customer needs. We will support the realization of the future mobility society and manufacturing sites, and the development and evolution of their application areas.
Sustainability Created in New Areas Leveraging the Strengths of the Hagiwara Electric Group
A key theme of our Group is “Creating New Value through Business Innovation” by leveraging our various expertise and assets, including the mobility business. Through collaboration between Electronic Devices Business and Technology Solutions Business, discovery of businesses in growing markets through data utilization services and AI technology, and collaboration with other companies to create businesses, we will be able to realize technological innovation and create sustainable products and services. By expanding value delivered through the creation of new businesses, we will expand our areas of contribution to social issues and realize a sustainable society and the growth of our group.
- Addressing environmental issues centered on climate change
- Maximizing human power through human capital management
- Sound and reliable company foundation
The Process of Identifying Material Issues
Step 1: Identify social issues that the Hagiwara Electric Group needs to contend with
Based on the issues and objectives that the Hagiwara Electric Group is currently contending with, we exchanged opinions while referring to various guidelines to identify and organize social issue topics as well as management issue topics related to Sustainable Development Goals (SDGs), Environment, Social, and Governance (ESG), etc. that should be pursued in the future.
Step 2: Narrow these issues down to the most significant issues
Material issues and the most significant topics were selected from among the items identified in step 1 after discussions by sustainability committee, management meetings and the board of directors, based on the following perspectives and taking into account the degree of impact on company management and the degree of significance for society and stakeholders.
- Society expectations, customer expectations, and the Hagiwara Electric Group’s aspirations for the future
- The solving of customer problems, the creation of value, and objectives for contributing to future-oriented social development through our business, within the scope of the Hagiwara Electric Group’s business models and business domains
- Our medium-term management plan and our medium- and long-term growth strategy
- Environment, Social, and Governance (ESG) measures that need to be strengthened for the Hagiwara Electric Group to improve corporate value
Step 3: Decide on Material Issues
Approved at a meeting of the Board of Directors of Hagiwara Electric Holdings Co., Ltd.
Step 4: Review of Material Issues
Material issues will be reviewed as necessary in light of changes in the business environment and social trends.
