Our approach to action on the SDGs, started in fiscal 2015, is based on “SDG Compass: The guide for business action on the SDGs” and other guidelines.
Developed by the Global Reporting Initiative (GRI), United Nations Global Compact (UNGC) and the World Business Council for Sustainable Development (WBCSD), “SDG Compass” provides guidance for companies on how to align their strategies and also measure and manage their contributions to the SDGs. This guidance is broken down into the following ﬁve steps.
<Five Steps of SDG Compass>
- Understanding the SDGs
- Deﬁning priorities
- Setting goals
- Reporting and communicating
Our Five Steps
1. Understanding the SDGs
As the ﬁrst step toward integrating the SDGs into our business, in fiscal 2015 we started to disseminate information on the SDGs using internal communications tools to raise awareness and promote understanding within the Group. The SDGs were also the theme of a meeting of the Group’s Council for CSR Promotion and a study session for management.
In fiscal 2016, the SDGs were introduced during CSR seminars taken by all Group employees. In March 2017, we also held CSR Development Seminars on the SDGs.
CSR Development Seminar
2. Redeﬁning material issues
We redeﬁned our CSR Material Issues based on the 17 goals and 169 targets of the SDGs and deﬁned ﬁve material issues and three key strengths.
3. Setting CSR key performance indicators (CSR-KPIs)
We set CSR-KPIs for the Group in accordance with the new CSR Material Issues, and review them every year.
4. Taking actions to build partnerships
Directed by an iterative PDCA-cycle process to improve performance and achieve the new CSR-KPIs based on the SDGs, we are implementing various Group initiatives to address social issues and build a more sustainable society.
One of our three key strengths, “fostering partnerships with stakeholders representative of broad sectors of civil society,” remains a priority for us in addressing complex social issues of a global scale.
5. Disclosing information for stakeholder engagement
By disclosing the progress and results of measures to achieve the new material issues and CSR-KPIs, we strive to improve performance while communicating with various stakeholders. In our communications, we make a point of not only covering our own initiatives, but also working in partnership with governments and organizations that promote social responsibility to advance the SDGs in society as a whole.