Human Capital: Diversity
Basic Concept and Vision of DEI
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Background and Issues
We believe that the diversity of our talent is the source of new and innovative ideas and that we can create solutions that balance our support people to achieve their own purpose with the realization of a sustainable society as stated in our management vision.
We have been working for years to improve equity and inclusiveness for social minorities and to foster an organizational culture that enables each and every member to maximize their different strengths and to live up to their potential. Since the management integration of Konica and Minolta in 2003, we have accelerated these efforts.
In order to realize our vision and achieve sustainable growth recognized by society, Konica Minolta needs to strengthen Diversity, Equity, and Inclusion (DEI) promotion as One Global Konica Minolta Group.
Basic Concept
We welcome, appreciate, and value what makes each employee unique and seek to nurture individual capabilities and aspirations to solve new challenges together.
Konica Minolta fosters a culture that enables individuals to thrive, stimulates creativity, problem-solving, and innovation, which in turn facilitates our collective intelligence.
Responding to the dramatic changes in the business climate surrounding us, we expect “The Creation of New Value” to draw out and incorporate perspectives and ideas that go beyond the scope of past approaches. To put into practice “7. Talent Development and Fostering of an Organizational Culture” contained in the Konica Minolta Group Charter of Corporate Behavior, we disseminated the Konica Minolta Group Diversity Management Commitment, which is our basic approach for promoting DEI at the Company, both internally and externally.
Konica Minolta promotes the principle of diversity, equity, and inclusion to drive co-creation efforts based on recognizing and understanding the diversity of all stakeholders, thereby continuously creating and offering new value that contributes to the growth of our customers’ businesses. Together with our corporate clients, we strive to help build a prosperous, sustainable society where everyone can pursue their own purpose and happiness.
Based on the Diversity Management Commitment, Konica Minolta will clearly define its vision in terms of DEI, establish a promotion system, and systematically implement measures.
Diversity, Equity and Inclusion Goals for achieving our long-term vision
Vision
Diversity - | Vision for 2030: Ensure diversity in all decision-making. Concept:
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Equity | Vision for 2030: Minimize barriers that impede performance. Concept:
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Inclusion | Vision for 2030: A company where everyone speaks out, shares their ideas, and creates innovative ideas. Concept:
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Key Measures and KPIs
In December 2022, we formulated priority measures to be implemented from fiscal 2023 to 2025 and set KPIs based on the Konica Minolta Group Diversity Management Commitment.
Key Measures
Diversity | Equity | Inclusion | |
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Konica Minolta Group |
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Konica Minolta, Inc. |
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KPI
Diversity
Percentage of women management at Konica Minolta, Inc.
Results | Targets | |||
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FY2021 | FY2022 | FY2025 | FY2029 | |
Konica Minolta, Inc. | 9.1% | 9.9% | 13% or more | 18% or more |
*Target scope: Regular employees of Konica Minolta, Inc. as of April 1 following each fiscal year
*Targets set as FY2023 to FY2025 policies
*Results and targets for FY2020 to FY2022 are listed in “Promoting Women’s Workplace Participation.”
Equity
Global Employee Survey Item “Equity”
Results | Targets | ||
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FY2021 | FY2022 | FY2025 | |
Konica Minolta Group | 7.1 | 7.4 | 8.0 or more |
Konica Minolta, Inc. | 6.1 | 6.1 | 7.0 or more |
*Average score of answers to the following question on a scale of 0 to 10
Equity: “People from all backgrounds are treated fairly at my company.”
*As FY2023 to FY2025 policy, target values are set based on the same industry benchmarks as the FY2021 survey
Inclusion
Global Employee Survey Item “Facilitating Collective Intelligence”
Results | Targets | ||
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FY2021 | FY2022 | FY2025 | |
Konica Minolta Group | 6.9 | 7.2 | 8.0 or more |
Konica Minolta, Inc. | 6.5 | 6.6 | 7.5 or more |
*Average score of answers to the following question on a scale of 0 to 10
Freedom of Opinion: “At work, my opinions are valued.”
*As FY2023 to FY2025 policy, target values are set based on the same industry benchmarks as the FY2021 survey
Initiatives for FY2022
The following are measures we are continuously taking to proactively achieve our KPI targets.
Diversity |
• Networking activities in each region • Creating an environment where diversity in sexual orientation and gender identity is accepted |
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Equity |
• Provide learning opportunities for each employee |
Inclusion |
Promotion System
This system is overseen by the executive officer responsible for diversity enhancement, who is appointed by Konica Minolta’s global group president and CEO. Executive officers and corporate vice presidents responsible for their respective businesses and functions implement measures (vertical axis) to achieve the targets, and the DEI Offices at local companies support each geographical Group company (horizontal axis). Through these efforts, the Konica Minolta Group will work together to accelerate the progress of DEI.
Implement measures to achieve targets under the responsibility of Executive Officers and Corporate Vice Presidents
Executive Officers and Corporate Vice Presidents are responsible for realizing the vision for 2030, and will set targets and formulate measures through till the end of FY2025 by respective businesses and functions. These actions will then be promoted as one of the management strategies of each business and function.
DEI Office of Konica Minolta, Inc. and key geographical companies will support local Group companies
The DEI Offices established at the main companies of the Konica Minolta Group will support the promotion of DEI at Group companies based on their specialized knowledge and experience in order to realize our DEI goals.