This page contains information about the Kurita Group’s CSR Initiatives that concluded in fiscal 2023. The Group started implementing new initiatives based on the Kurita Group’s Materiality from fiscal 2024.
- *For more information about the Kurita Group's Materiality, please refer to the Sustainability Initiatives (from FY2024) section.
Definition and Objectives of CSR
The Kurita Group defines its CSR as “the Kurita Group’s responsibility for its impacts on society.” Premised on legal compliance, the Group has set the following two objectives for its initiatives related to CSR. The Group will take action by positioning these initiatives at the core of its corporate activities and management strategies.
Definition
The Kurita Group’s responsibility for its impacts on society
Objectives
- Creating and maximizing shared value for the Kurita Group and society
- Identifying, preventing and mitigating possible adverse impacts by the Kurita Group
Identification of Materiality
Through the following steps, the Kurita Group identified seven material issues related to CSR and finalized as Kurita's CSR Policy, including what we should be like and the frame of mind that we should maintain firmly in 2030.
Step 1: Evaluation of Materiality
By referring to the GRI standards, ISO 26000 (Guidance on social responsibility), "OECD Guidelines for Multinational Enterprises: Recommendations for Responsible Business Conduct in a Global Context" by the Organization for Economic Co-operation and Development (OECD), the 10 Principles of the United Nations Global Compact (UNGC), and Sustainability Development Goals (SDGs), a total of 30 themes on sustainability have been identified and the E&S (Environmental & Social) committee of Kurita evaluated their materiality based on two axes of: 1) Degree of stakeholders' expectations for the Kurita Group and; 2) Greatness of the Kurita Group's impact on society.
Step 2: Identification of Materiality
Based on the results of the evaluation in Step 1, we repeated discussions in line with two themes: tasks that should be positioned as the base of management, and business activities and growth opportunities for achieving our Corporate Philosophy, and identified seven material issues. Further, we have set "what we should be like in 2030" or the "frame of mind" that we should maintain firmly, for each theme.
Step 3: Confirmation of Adequacy
The E&S Committee and Executive Committee of Kurita confirmed the adequacy of the seven material issues, what we should be like in 2030, and the frame of mind that were identified in Step 2, and they were finalized as Kurita's CSR Policy by its Board of Directors.
CSR Policy, Targets, and Achievement Status
To promote its initiatives related to CSR, the Kurita Group has set out the priority themes as a common policy for the Group as follows. The Kurita Group supports the sustainable development goals (SDGs), and has set out its priority themes to conform them.
A video (in English) about the Kurita Group’s efforts to address the SDGs is available here.
Stakeholder Engagement
The Kurita Group positions its customers, business partners, employees, shareholders and investors, and local communities as its stakeholders. It takes initiatives on stakeholder engagement to understand each stakeholder’s expectations, concerns, requests, and other thoughts about Kurita and reflect them in its management.
Fundamental Activity Guidelines
Stakeholder | Purpose | Approach |
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Customers | Providing solutions through products and services and winning trust from customers |
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Business partners | Fair trade and considerations for society, human rights, and environmental aspects in supply chain |
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Employees | Respect for human rights, improvement of employee engagement, and human resource development |
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Shareholders and investors | Dialogues with shareholders and investors for mutual understanding with them and winning support from them |
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Local communities | Contribution to local communities |
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- * Please refer to “Participation in Water Resilience Coalition” for more details about the WRC
Examination of Initiatives Related to CSR
Based on the following information, we examine our initiatives related to CSR to confirm that they are making progress toward achievement of goals.
- Results of questionnaire and other surveys (of customers, business partners, and employees)
- Results of assessment by major ESG investment evaluation organizations and whether Kurita stock has been selected as an ESG Stock
- Number of complaints lodged against, and acknowledgements given by the local community to, Kurita at each business location
- Achievement status of plans in the external organization to which we belong
FY2023 Activities
Stakeholder | Major Approach | Results | Issues Going Forward |
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Customers |
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Business partners |
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Employees |
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Shareholders and investors |
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Local communities |
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- *1 NPS℠ (Net Promoter Score) is a registered trademark or service mark of Bain & Company, Fred Reichheld, and Satmetrix Systems.
- *2 Diversity & Inclusion
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*3 For details, see “External Evaluation” on the CSR page of the Company’s
website:
https://www.kurita.co.jp/english/csr/management/index.html
Information Disclosure
We disclose our CSR-related information to our stakeholders by the following methods.
- Disclosing reports created by referring to international standards on information disclosure
- Answering questionnaire and other surveys conducted by research institutions and other organizations
- Answering questions and surveys from customers, shareholders, and investors
Promotion System and PDCA
Promotion System
The Kurita Group positions the themes stipulated in its CSR Policy as material issues and makes group-wide efforts to work on activities related to the fields of 1) corporate governance, 2) product and service liability, 3) fair operating practices, 4) respect for human rights, 5) appropriate labor practices, 6) environmental improvement, and 7) corporate citizenship. The chairperson of the E&S Committee, who is a director of Kurita, is responsible for integrating and promoting the individual activities, with a director or an executive officer of Kurita assigned for each one of the activities as the responsible manager.
PDCA
For each of the individual activities, we formulate the Group's common medium-term targets and annual action plans, and Kurita and Group companies manage activity targets. Determination of the action plan and evaluation of results of actions are made by Kurita's Board of Directors.