The Kurita Group will realize the corporate philosophy through the creation of shared value with society.
The fourth industrial change is taking shape, centered on IoT, AI, and robotics, even as countries and corporations are tackling issues such as poverty and widening inequality, climate change and other environmental issues, and violations of workers’ human rights. The scope of their response to Environmental, Social, and Governance (ESG) issues and the Sustainable Development Goals (SDGs) is expanding to a global scale.
I believe this shows that we have reached a stage where we need to seriously review modern society with respect to the positions of people, countries, and corporations.
In the 70 years since its foundation, the Kurita Group has consistently provided solutions in the fields of water and the environment. Today, we have grown into a corporate group with operations in over 30 countries. As our development as a Group has been linked with global trends and the development of industries, I believe that we have also reached a point where we need to reconsider our vision as a company.
We have reviewed the spirit of our corporate philosophy, “Study the properties of water, master them, and we will create an environment in which nature and man are in harmony” and the current status of the Group to reformulate the Kurita Group Philosophy System. As one of the basic philosophies within this system, we have established the CSR Policy.
This policy sets out our vision for the Company in order to realize the corporate philosophy, and we have examined our stakeholders’ expectations of the Kurita Group in terms of sustainability and presented these in the policy together with targets. This presents our management stance for providing value to society and increasing corporate value by strengthening the Kurita Group’s ability to respond to risks and its competitive advantages in business.
The Kurita Group has expanded its business and grown as a company by providing customers with value in the form of solutions to issues related to water and the environment.Going forward, we will continue to emphasize the customer’s perspective in providing value. Meanwhile, we will review the value that the Kurita Group can provide from the perspective of solving social issues in light of the changes occurring around the world.
The social issues facing the world today include fields where the Kurita Group’s accumulated technologies and expertise can make a difference, such as fresh water scarcity, climate change, and natural resource depletion as indicated by the SDGs. I believe that the Kurita Group can provide value to society through its businesses by working on the themes presented in its CSR policy, such as “solve issues related to water resources,” “realize sustainable energy use,” “reduce waste,” and “advance industrial production technologies.”
The Kurita Group’s philosophy is “Study the properties of water, master them, and we will create an environment in which nature and man are in harmony.” This clearly shows how our business activities can result in the creation of social value. Under our medium-term management plan, Maximize Value Proposition 2022 (MVP-22), which started in April 2018, we have established “create shared value with society” as our most important objective. We have positioned fiscal 2018 as a year for transforming the Kurita Group, and we will make a united effort to achieve this objective.