Sustainability Management and Advancement Structure
Under the corporate mission "Materials Innovation - We create value through materials to enrich society, people and the environment," JSR Group aims to build and maintain good relationship with all of our stakeholders and become an indispensable corporate citizen. And we will promote initiatives that benefit all stakeholders—customers and business partners, employees, society, the environment, and shareholders.
Sustainability Promotion Committee
JSR Group established its Sustainability Promotion Committee in 2020. The committee discusses and coordinates on matters related to sustainability, including policies, in line with internal and external circumstances relating to ESG and the SDGs.
Below the Sustainability Promotion Committee are four committees called the Sustainability Planning Committee, Environment, Safety and Quality Committee, Risk Management Committee, and Corporate Ethics Committee. The Sustainability Promotion Committee supervises and guides the four committees, and also strengthens and promotes their management through regularly scheduled meetings (held four times annually) as well as extraordinary meetings. In principle, the Committee also reports on activities once every quarter to the board of directors and undergoes supervision/observation by the board of directors.
The Sustainability Promotion Committee is chaired by the President. Participants are the secretariats of the four above-mentioned committees as well as company officers (those responsible for corporate planning, manufacturing technologies, procurement and logistics, quality assurance, safety and environmental affairs, research and development, human resources development, accounting and financial affairs, corporate communications, general affairs, legal affairs and compliance, system strategies, cyber security management, sustainability promotion, diversity promotion, the Digital Solutions Business, the Life Sciences Business, and the Plastics Business). This enables the committee’s discussions to touch on all businesses and functions of the Group.
We endeavor to build confidence among our stakeholders by disclosing information on the committee’s activities and results in the Sustainability Report.
Examples of Issues Discussed by Sustainability Promotion Committee in FY2021
- Materiality of JSR Group
- Sustainability trends affecting JSR Group (TCFD, circular economy , etc.)
- Establishment of JSR Group Human Rights Policy
（1）Sustainability Planning Committee
JSR Group maintains a Sustainability Planning Committee that is chaired by the officer in charge of sustainability promotion. The reason we have this committee is that we recognize the need to respond to changes in the environment, deepen our sustainability initiatives, and continually provide value to all stakeholders.
The Sustainability Planning Committee summarizes the state and results of Creating Shared Value (CSV) activities through co-creation with business departments. It also considers corporate initiatives for sustainability, such as responding to the Task Force on Climate-related Financial Disclosure (TCFD) and addressing climate warming and sets direction for sustainability strategies in light of the management policy, materiality, and identified risks.
The committee also addresses social contribution activities by studying new undertakings and monitoring the status of existing activities based on JSR Group’s Philosophy for Social Contribution.
（2）Environment, Safety and Quality Committee
We believe “making sustainable development possible” is an important form of corporate responsibility. We therefore address the environment, safety, and quality based on the principle of “responsible care.” At JSR, these initiatives are fundamental to our business activities. Therefore, we maintain an Environment, Safety and Quality Committee chaired by the officer in charge of safety, environmental affairs, and quality assurance, who spearheads effective, Group-wide initiatives.
The committee approves plans that concern responsible care activities within the contexts of the environment, safety, and quality. It also evaluates and verifies the results of these activities. The committee additionally strives to maintain and improve responsible care as it pertains to the elimination of accidents, reduction of environmental impacts, chemical management, and product safety.
（3）Risk Management Committee
We believe that preventing major crises and minimizing their effects on business activities should they occur are important management challenges. Given this, we have formulated Risk Management Policies and established a Risk Management Committee that is chaired by the officer in charge of corporate management. The Risk Management Committee promotes continuous improvement of guidelines and plans for responding to both manifested and potential crises.
（4）The Corporate Ethics Committee
JSR Group practices and promotes corporate ethics by setting down the JSR Group Principles of Corporate Ethics—a code of conduct for fulfilling our Responsibility to Our Stakeholders, a key management policy to support the realization of our management philosophy. We further pursue corporate ethics through the Corporate Ethics Committee chaired by the officer in charge of general affairs.
This committee makes certain that JSR’s Course of Action is recognized throughout the Group as a statement demanding compliance in daily corporate activity. It also confirms compliance each year and works to continually improve it.
We also provide compliance reporting channels. For employees, we have an internal hotline connected to the Corporate Ethics Committee, an external hotline connected to an attorney, and an external hotline that can handle communication in English, Chinese, Korean, and Thai. We have also set up an external hotline for our business partners.