The Morinaga Group will enhance its overall sustainability management in order to achieve its Purpose and the 2030 Vision with Altruism as the foundation, a tenet valued by the Company's founder.
Director and Managing Executive Officer
in charge of Sustainable Management Division
The Morinaga Group's Purpose is to “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.” By conducting our corporate activities to realize this Purpose, we aim to contribute to the creation of a sustainable society and achieve sustainable growth of the Morinaga Group.
(Established: November 2021)
The Morinaga Group began deliberating material issues for achieving our Purpose and the 2030 Vision in July 2020, and identified material issues (Materiality) from both financial and non-financial aspects following the approval of the Board of Directors.
We will steadily establish social values and a resilient management foundation to achieve sustainable growth through addressing our materiality.
In April 2021,we established the Sustainable Management Division to support and promote the entire Group's sustainability and ESG initiatives. Moreover, we newly established the ESG Committee, which is chaired by the President and Representative Director in order to promote initiatives for sustainability and achieve the Group's overall Purpose.
The Sustainable Management Division serves as the secretariat for the ESG Committee, with the heads of departments relevant to the 2030 Targets serving as committee members. The ESG Committee meets about once every two months.
Moreover, we established five new subcommittees under the ESG Committee. Subcommittees are chaired by a Director and comprised of members from relevant departments. Aimed at achieving the Long-Term Targets for 2030, we will steadily implement activities for sustainability. In April 2022, we established the Sustainability Advisory Board, which three outside experts attended in order to qualitatively improve sustainable business management.
The Morinaga Group will further make appropriate disclosure on our activity status and progress through integrated reports and our company website and increase the entire Group’s transparency as well as build a trust relationship with all stakeholders through presenting the Morinaga Group’s philosophy and activities. Also, we aim to refine our response to requests for ESG information disclosure from external survey organizations and business partners and achieve enhanced corporate value for the medium to long term.
Since its founding in 1899, Morinaga & Co., Ltd. has continued to uphold standards when dealing with human rights, labor, the environment, and anti-corruption. Given that our recent efforts matched the efforts of the United Nations Global Compact initiative towards corporate responsibility and its 10 Principles, we expressed our support for them in April 2022 and signed the initiative.
The Ten Principles of the United Nations Global Compact
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.