Policy
Policy
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.
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
Promotion System
At the CSV Promotion Meeting (Chairperson: CSO (Chief Strategy Officer)), issues and the direction to take for enhancing corporate value are reported and deliberated on, targets are set, and activities are followed up.
The CSV Promotion Meeting is attended by all Chief Officers responsible for the ESG KPIs, which are organized from an ESG perspective and measure progress on materiality. The CSV Promotion Meeting also carries out monitoring of the ESG KPIs. Through these activities, we accurately identify the degree of achievement of materiality and implement the PDCA cycle, as necessary, to get back on track. In addition, the content of reports and deliberations made at the CSV Promotion Meeting is also reported to the Board of Directors.
In cooperation with each function and related division, we will promote initiatives so that the entire Toyota Boshoku group can contribute to society through our daily activities.
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