Basic Approach and Systems for Sustainability Management
Basic Approach: Grow the Business by Providing New Value That Helps Build a Sustainable Society
Konica Minolta has prospered together with society by continuing to provide the new value required in each era, living up to its philosophy, “The Creation of New Value.” Helping to build a sustainable society also promotes corporate sustainability. If greater social unrest is triggered by the destruction of the global environment, it will also impact economies and financial systems worldwide. However, by working to solve global environmental and social problems, Konica Minolta can minimize future risks while creating opportunities for growth.
Enhancing Corporate Value for Sustainable Growth
For a company to grow sustainably, it must continually provide new value for human society as well as achieve business growth. To further its own evolution, Konica Minolta is determined to generate innovation to help solve social and environmental issues. By linking this effort to financial performance, Konica Minolta seeks to enhance its corporate value and achieve sustainable growth.
Konica Minolta Group Charter of Corporate Behavior
Konica Minolta’s efforts to achieve sustainability are based on the Konica Minolta Group Charter of Corporate Behavior and its basic approach to sustainability management. The Konica Minolta Group Guidance for the Charter of Corporate Behavior is shared globally and illustrates desirable behavior in each of the categories included in the Charter as a basis for understanding and practicing desired behavior.
Sustainability-Related Principles, Charters, and Norms That Konica Minolta Observes
The Konica Minolta Group respects and follows widely adopted international social responsibility initiatives, including the Global Compact initiated by the United Nations.
- Universal Declaration of Human Rights
- United Nations Guiding Principles on Business and Human Rights
- OECD Guidelines for Multinational Enterprises
- ISO26000
- Japan Business Federation (Nippon Keidanren) Charter of Corporate Behavior
Sustainability Management System
The President and CEO is tasked with the ultimate responsibility and authority for overall sustainability management and is also responsible for its effectiveness. The actual sustainability management activities for the entire Group are promoted by each Group executive for corporate sustainability, under the President. Just like other key management issues, discussions and decisions on key sustainability issues are made at official decision-making bodies such as the Management Council, with the aim of enhancing alignment with management and business strategies.
Each Group executive in charge creates a medium-term management plan for sustainability, which is consolidated into a Company-wide business plan, and approved by the Board of Directors after discussion and approval by the Management Council and other convening bodies as a management plan for the entire Group. In the process of formulating the medium-term management plan, each executive in charge of sustainability, led by the executive in charge of corporate planning, reviews material issues by conducting a rolling review of degree of risk change. After deliberation and approval by the Management Council and other convening bodies, the Board of Directors approves it.
Each executive in charge of sustainability establishes a Promotion Committee as necessary to review and promote the medium-term sustainability plan. For example, in the Group Environmental Promotion Committee, officers in charge of promotion appointed by the heads of the business and corporate divisions participate in deliberations on the medium-term and annual environmental plans, monitor quarterly progress, and examine environmental issues affecting the Group.
Since fiscal 2023, Konica Minolta has further strengthened sustainability initiatives as part of its overall management activities by linking key non-financial indicators such as the CO2 emissions reduction indicator and employee engagement score to medium-term stock compensation.
