By implementing our Corporate Philosophy, we aim to be a company that is trusted by all stakeholders and grows together with them
Based on our company belief the Principles of Toyoda, which bring together the ideas of our founder Sakichi Toyoda, the Toyota Boshoku group has established its Corporate Philosophy and is steadily implementing this in our business activities in order to continue to earn the trust of all stakeholders.
We are striving to enhance our economic value through the pursuit of sustainable growth and to return the results to our stakeholders. We are also striving to enhance our corporate value over the medium and long term by investing in sustainable growth, thereby meeting the expectations of our stakeholders and contributing to the development of the international and local communities.
We are already actively involved in CSR*1 activities and have contributed to the achievement of the SDGs*2. In line with changes in society, since March 2019 we have been accelerating the shift from CSR to CSV*3 management. In July 2020, we defined as our materiality the identification of important issues to be addressed through our group’s operations from among a variety of social issues and the approach we adopt to resolve them. Then, in November 2020, we announced our 2025 Mid-Term Business Plan, which incorporates measures to realize our materiality.
Furthermore, in order to clarify the concept of CSV management, we reviewed the concept of CSR and, formulated the Toyota Boshoku Group Sustainability Policy with the approval of the Board of Directors in November 2021.
We have also formulated and shared the TB Way and the Toyota Boshoku Group Code of Conduct as common values and patterns of behavior on a global scale in order to put our Corporate Philosophy into practice.
- Corporate Social Responsibility
- Sustainable Development Goals
- Creating Shared Value
The CSV Promotion Meeting (chaired by Corporate Planning & Innovation Segment Chief) deliberates on issues to be addressed, sets goals, and follows up on them.
In order to objectively evaluate our contribution to society, we have set KPIs for each of our initiatives to put the Corporate Philosophy into practice, and are implementing activities through the PDCA cycle. Furthermore, in our KPI Tree of Business Management Structure, we have set a KPI for social value as an objective indicator for evaluating our contribution and return to our stakeholders. And in cooperation with each function and related department, we promote daily activities through which the entire group contributes towards social value.