Our Annual Report and Environmental and Social Report have been combined into the Toyota Boshoku Report.
The Toyota Boshoku group will strive to strengthen corporate governance, ensure thorough compliance and reinforce risk management with the aim of realising company growth while cultivating corporate citizenship to meet the expectations and earn the confidence of all shareholders.
The Toyota Boshoku group has stated as the first part of its corporate philosophy 'the desire to promote corporate growth while fulfilling its responsibilities as a good corporate citizen'. To realise this, in accordance with the five basic items : (1) Securing the rights and equal treatment of shareholders; (2) Appropriate cooperation with stakeholders other than shareholders; (3) Ensuring appropriate information disclosure and transparency; (4) Appropriate execution of the roles and responsibilities of the Board of Directors; (5) Engaging in constructive dialogue with shareholders, the Company recognises the importance of maintaining and improving management efficiency, fairness and transparency as a global company alongside efforts to maintain its ethical values and ensure sustainable corporate activities, and will strive to expand and enhance its corporate governance. We have also defined our basic stance towards compliance and risk management, and act accordingly.
The Toyota Boshoku group states in its corporate philosophy that the Company will seek to promote corporate growth while fulfilling its responsibilities as a good corporate citizen. At the same time, the Company clarifies its overall promotion system, scope of activities and goals for compliance in each region, including Japan, and conducts activities under strong leadership from top management, while personnel in charge of legal affairs in each region share knowledge of issues as well as improve and strengthen compliance activities.
The Toyota Boshoku group is working to comprehensively reinforce risk management and reduce risk in order to respond swiftly to major risk that includes management risk, risk in daily operations, risk such as disasters and accidents, risk arising from the external environment such as global warming and water and social reputation risk*.
* Risk of losing societal trust