Sustainability Management

Stakeholder communications

The Showa Denko Group aims to be a company that is trusted and rated highly by all stakeholders by fulfilling its social responsibilities. Having dialogue with stakeholders is essential for the Group to identify society’s needs in an appropriate manner and prevent becoming trapped in dogmatic ideas. We therefore attribute importance to communication with our stakeholders and will expand opportunities to conduct dialogue with them.

Since 2020, the number of opportunities for us to engage in dialogue directly with stakeholders has been decreasing due to COVID-19, and we had to cancel events such as plant tours. However, we are continuously working to communicate proactively with stakeholders through online meetings and by examining drastic methods to prevent infection.

Relationships with shareholders and institutional investors

The Showa Denko Group regards IR activities as those that help shareholders and investors deepen their understanding of the Group’s corporate management, business activities and strategies, so that they can evaluate the Group’s corporate value in a fair manner. Based on this idea, we are committed to:

  1. (1)Fostering communication with shareholders and investors and increasing our management transparency, and
  2. (2) Disclosing corporate information about the Group in an easy-to-understand, fair, timely and accurate manner to help shareholders and investors deepen their understanding of and trust in the Group.

Major means of communication (frequency: mainly results for 2020)
In 2020, due to COVID-19, we were unable to engage in face-to-face communications with stakeholders as usual. We had to cancel plant tours, and also cancelled IR meetings or held them online and by telephone.

  • Ordinary shareholders’ meeting (once a year)
  • Briefings on financial results (quarterly) and business details (once a year)
  • Small meetings (once a year)
  • Individual meetings (about 320 times a year)
  • Briefings for individual investors (once a year)
  • Plant tours Cancelled in 2020 due to the COVID-19 pandemic
  • Briefing and dialogue on ESG-related issues (four times a year)
  • Publication of the Integrated Report and the Annual Report in English, and newsletters for shareholders (once a year for each)
  • IR website (updated from time to time), and others

Relationships with local communities and authorities

In order to become a “social contribution company” as stated in the Showa Denko Group’s CSR Policy, we will proactively participate in local community activities and conduct dialogue sincerely with local residents to deepen mutual understanding, and will collaborate with them to solve local issues for the sustainable development of their communities. We are also making efforts to earn trust from local communities and authorities through the Group’s safe and stable operations.

Major means of communication

  • Tours of the Group’s facilities
  • CSR Site Report (once a year)
  • Publication of a local PR newsletter
  • Dialogue with local communities
  • Employees’ participation in local activities
  • Provision of special classes at school
  • Donation of proceeds from aluminum can recycling activity, and others

Relationships with customers

By providing customers with unique products and services that are useful and safe and exceed our customers’ expectations, we are giving satisfaction to our customers and encouraging them to buy our products and services repeatedly.

Major means of communication

  • Information dispatch through news releases
  • Participation in exhibitions
  • Publication of product brochures
  • Information dispatch through the website
  • Plant tours, and others

Relationships with business partners

As a matter of course, we are working to earn trust from our business partners when dealing with them and to comply with the Showa Denko Group’s CSR Procurement Guidelines together with them, with an eye to solving environmental and social issues across the supply chain, thereby increasing mutual corporate value.


Major means of communication

  • CSR evaluation of partners and support for their improvement activities (CSR self-assessment, CSR visits and follow-ups)

Relationships with employees and their families

As a precondition for the Showa Denko Group’s growth, we think it is necessary to ensure that employees who are “core players for value creation” can work with vigor to meet society’s needs. Accordingly, we are working to communicate extensively with employees, providing them with workplaces where they can work with satisfaction, and to become an enterprise that they can be proud of. We are also conducting activities to help employees’ families deepen their understanding of the Group, including inviting them on a tour of our facilities.


Major means of communication

  • Publication of the in-house magazine (four times a year)
  • Information dispatch through the intranet (updated from time to time)
  • Employee awareness survey (once every three to four years)
  • Provision of various training opportunities
  • Labor-management discussions (Labor-Management Committee, face-to-face discussion called “commu-cussion” on Responsible Care, and others)
  • Invitation of families on a tour of the facilities, and others

 

Major initiatives that we support, and the organizations to which we belong as a member

■ UN Global Compact

Showa Denko signed up to the UN Global Compact (UNGC) in July 2021.
UNGC is a voluntary initiative to implement universal sustainability principles and to undertake partnerships in support of UN goals.
We declared our support for the Ten Principles of the UNGC, in the areas of human rights, labor, environment, and anti-corruption practices and we are striving to make social contributions through business operations.

■Task Force on Climate-related Financial Disclosure (TCFD)

TCFD
In May 2019, Showa Denko announced its support of the recommendations made by the TCFD, which had been established by the Financial Stability Board. Based on the TCFD’s recommendations, we will proactively disclose information about the impact of climate change on our business operations.

■Japan Business and Biodiversity Partnership
Showa Denko gives due consideration to biodiversity. It is participating in the Japan Business and Biodiversity Partnership* and assessing the influence exerted over biodiversity by its business activities.

  • * Japan Business and Biodiversity Partnership: A multi-stakeholder biodiversity initiative that consists of business entities which endorse “Action Policies of Japan Business and Biodiversity Partnership” and are implementing or planning to implement one or more actions among them, and economic organizations, NGOs, researchers, local/national governments and other public organizations which support those business entities' biodiversity initiatives.  

■ “White Logistics” movement: Voluntary action declaration
In May 2019, Showa Denko became one of the first companies in the chemical industry to make a declaration to take actions for sustainable logistics, in support of the “While Logistics” movement fostered by the Japanese Ministry of Land, Infrastructure, Transport and Tourism, Ministry of Economy, Trade and Industry, and Ministry of Agriculture, Forestry and Fisheries. Joint delivery, modal shift and other measures to increase the efficiency of transportation will directly contribute to reducing our environmental impact, in addition to helping improve the work environment in the logistics industry.


■ Japan Chemical Industry Association, Keidanren (Japan Business Federation) and Japan Petrochemical Industry Association
As a member of the Japan Chemical Industry Association (JCIA), Showa Denko contributes to investigations and research concerning the production, distribution and usage of chemical products and about a range of issues faced by the chemical industry regarding technologies, labor, the environment and safety. The JCIA is working for the fulfillment of Keidanren’s Commitment to a Low Carbon Society and has set the CO2 emission reduction targets for the chemical industry. Showa Denko is also striving to reduce its CO2 emissions in cooperation with the JCIA. Kohei Morikawa, Representative Director and President of Showa Denko K.K., presently serves as chairman of the JCIA (as of July 2021).
Showa Denko, as a member of Keidanren, the Japan Petrochemical Industry Association and other trade associations, is working toward solutions to environmental issues, including climate change and ocean plastic waste, in collaboration with other corporate groups.  

For other organizations to which Showa Denko belongs, please refer to the collection of links.

Toward the future
Showa Denko and Showa Denko Materials (former Hitachi Chemical) will be integrated into one corporate entity in 2023. For the vision, strategies and present measures that Showa Denko and Showa Denko Materials are promoting for the newly integrated company, please refer to SHOWA DENKO Report 2021.
    

 

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