Sustainable Management

Practicing Sustainable Management

Fiscal 2021 marks the launch of the Morinaga Group’s 2030 Vision, a long-term management plan to achieve the Group’s ideals for 2030, aimed at attaining growth and greater corporate value through management based on a long-term perspective. Today, as the world faces various social issues and drastically changing conditions, calls for the establishment of a sustainable society are growing. The Morinaga Group will address these changes, basing all of our corporate activities on our mission statement, which expresses our corporate purpose: “The Morinaga Group will continue to create healthy foods that can be enjoyed beyond generations, thereby bringing smiles to the faces of people around the world now and in the future.” On this foundation we will pursue sustainable management that integrates both financial and non-financial management issues of importance toward the achievement of our 2030 Vision, which states that “The Morinaga will change into a wellness company in 2030.”

Sustainability Promotion Framework

In April 2021, we established the Sustainable Management Department to serve a company-wide, cross-organizational function as part of the framework created for corporate efforts toward sustainability. We will also establish an ESG Committee chaired by the president to discuss, from the perspectives of the environment, society, and governance, agenda items that need to be addressed toward the achievement of continuous business activities and a sustainable society, and pursue sustainable management on a company-wide basis.

ESG Committee Structure and Meeting Frequency

Contribution to the Achievement of the Sustainable Development Goals (SDGs)

In 2015, Sustainable Development Goals (SDGs) was adopted at the UN Sustainable Development Summit. The SDGs consist of 17 global common goals that should be achieved through the collaboration of the entire international community by 2030. We, the Morinaga Group, are committed to achieve the SDGs goals through business activities to contribute to the realization of a sustainable society.

Contribution to the Achievement of the Sustainable Development Goals (SDGs)

Identify materialities

We have specified our materialities (vitally important issues), which integrates management challenges from both financial and non-financial standpoint for the achievement of the Purposes and the 2030 Vision.

  1. Contribute to healthy lives of people around the world
  2. Diversity and inclusion of people
  3. Achieve sustainable value chains
  4. Conserve the global environment
  5. Strengthen the business management foundation

Process to determine material issues

  • Identify social issues while also defining the issues for the achievement of our corporate purpose and 2030 Vision, based on GRI Standards, SASB Standards, ISO26000 core subjects, SDGs, and other international standards and guidelines.
  • Interview experts in the sustainability field about Morinaga Group’s sustainability efforts.
  • Conduct surveys asking stakeholders both inside and outside the Group to rate the materiality of each identified issue.
  • Review the issues and their materiality, then map them.
  • Hold a series of discussions at management meetings, then approve the material issues at a Board of Directors meeting.