Resonac Sustainability Vision 2030
To change society through the power of chemistry based on our purpose, we are strengthening our business execution system in accordance with the belief that we must position the concept of sustainability as an essential component of management. As part of these efforts, we have established Sustainability Vision 2030 and identified material issues for sustainability to implement the main strategies of our long-term vision. We are also working to raise awareness of the material issues within the Company.
Sustainability Vision 2030
Achieve corporate growth through the resolution of social issues
Develop into a company with like-minded partners across the world that realizes its own continuous growth and corporate value improvement, by solving social issues and offering value to society through its technologies and businesses
A company with like-minded partners throughout the world
Become a “Co-creative Chemical Company” that is the first choice of, and can choose, partners in creating a sustainable and better society, including future generations of customers, employees, investors, and stakeholders
Material Issues for Sustainability
With an eye on 2030, Showa Denko has identified three issues of materiality in addition to their constituent elements. We have reflected these issues of materiality in the strategies set out in the long-term vision, and aim to incorporate them into our nonfinancial KPIs by approximately 2025. The three issues of materiality are also related to the ideal state set out in our long-term vision through to 2030: becoming a company that can compete on the world stage, a company that contributes to a sustainable global society, and a company that develops co-creative talent that represents Japan’s manufacturing industry. In addition, they address both the achievement of our long-term vision and the expectations of society. While we have not set KPIs for corporate governance or stakeholder engagement, we will also focus on these areas, which are as important as our issues of materiality in establishing a common foundation for global management.
Material Issues for Sustainability①
Strengthen competitiveness and create social value through innovation
targets
We create social value through our businesses via a series of processes—from the identification of social issues to the development of technologies and the provision of solutions—and the harnessing of initiatives through co-creation.
2025 targets
- Establish, implement, and monitor targets by business and mainstay product
- Calculate the LCA for mainstay products and introduce evaluation methods at the R&D phase
Material Issues for Sustainability②
Gain credibility through responsible business management
targets
In addition to cultivating a safety culture and eliminating accidents of every kind, we will earn the trust of stakeholders by minimizing and preparing to tackle a wide range of risks, including strategic, operational, and hazard risks, to flexibly address the changing management and business environments and continuously offer value that is unique to us
2025 targets
- Achieve zeros in five target categories
- Reduction of greenhouse gas emission (GHG) volumes
- Improve the quality of communication utilizing a self-assessment questionnaire
- Entrench a global compliance standard and code of conduct within the Group
- Establish and operate an integrated risk management structure and enhance our risk management system
Material Issues for Sustainability③
Develop autonomous, creative, and active human resources and culture
targets
Through the cultivation of creative and co-creative individuals and the nurturing of a corporate culture conducive to their development, we will aim to become a developer of talent whose employees are the envy of other companies.
2025 targets
- Further evolve and strengthen examples of co-creation from our global awards
- Increase the number of appointments through in-house recruitment that promote autonomous career development
- Improve engagement-related scores
- Enhance the diversity of management and nurture an inclusive corporate culture by increasing the ratio of female managers
