Sustainability Management of Toyo Seikan Group

Management Philosophy of Toyo Seikan Group

Toyo Seikan Group Sustainability Charter

We will conduct our business activities in accordance with the Toyo Seikan Group Sustainability Charter to ensure the consistency between the sustainable development of society and our company's sustainable growth.

• We will practice the management philosophy in pursuit of the establishment of a sustainable society.
• We will work to improve value co-creation through dialog and collaboration with stakeholders.
• We will identify material issues and strive to solve them in accordance with the Action Policy and the Code of Conduct.
• We will carry out concerted business activities across the Group based on the spirit of this charter.

Click here for full text of the Toyo Seikan Group Sustainability Charter.

Co-Creating Value with Stakeholders

The Toyo Seikan Group exists through its stakeholders on the basis of their trust. Through dialogue and collaboration with customers who honor us by using our products and services, with suppliers, and with the local community, we endeavor to resolve social issues through our business. Furthermore, we can sharpen our competitive edge by supporting the diversity of our workforce, being an enjoyable place to work, and developing talent that leads to new value creation.
In addition, in response to the increasing interest in ESG investments, we are actively engaging in dialogue with shareholders and investors.

Co-creation of value with stakeholders

*The table can be scrolled left or right.

	Engagement results and future value creation strategy
Customers	Collaborative development with customers TOMATEC Co., Ltd. has established a collaboration with Panasonic Energy Co., Ltd., to utilize used Panasonic Energy dry batteries as raw materials for TOMATEC’s trace element fertilizers, and launched the sale of the fertilizer in FY2024. In cooperation with our customers, through initiatives such as recycling of resources, the Group will continue to promote the reduction of environmental impact and the realization of a sustainable society.
Business partners	Conducting self-assessments on CSR guidelines As a communications tool for realizing a sustainable society along with the Group, we continuously request our suppliers to conduct selfassessment regarding our Supplier CSR Guidelines. Also, with some suppliers, we had a series of dialogues regarding the current situation and future improvements based on the self-assessments. We will strive to expand the target suppliers, to strengthen communication.
Shareholders and investors	IR/SR meetings Through IR and SR meetings, we received numerous opinions on capital efficiency and shareholder returns policy. After reflecting valuable opinions in management strategy, we are providing better value.
Local communities	Promotion of zero-waste in cooperation with local governments The Group is proceeding with initiatives collaborating with local governments for the realization of a zero-waste society for plastics. Participation in the “Verification of waste plastic in Kawasaki’s coastal region” of Kawasaki Circular Design Park, the framework in Kawasaki City, Kanagawa Prefecture, for realizing a circular economy society. The Group is making designs with environmental considerations, using recyclable resources, and modifying and accessing other products. Read more With cooperation among six cities, including Kashima City, Ibaraki Prefecture, we have started demonstration trials aiming for a closed-loop recycling of packaging project called the “Pla-relay Project.” The Group will manufacture containers with raw materials recycled from plastic. Read more

Sustainability Promotion Framework of Toyo Seikan Group

We have established the Group Sustainability Committee for sustainability management across the Group.
The committee meets four times a year in principle, chaired by the President of the Company and attended by full-time Directors, Chief of Corporate R&D, and the presidents of major group companies. In addition, subcommittees have been formed in response to each ESG issue, namely Environment Subcommittee, Human Rights & DEI Subcommittee, and Group Governance Subcommittee.
The matters discussed by the Group Sustainability Committee based on the deliberations held in the subcommittees are reported to the Management Strategy Meeting and the Executive Management Meeting, as necessary, to be reflected in our corporate strategies. The committee’s activities are also reported to and supervised by the Board of Directors without delay after the committee meeting.

Main topics discussed by and reported to the Group Sustainability Committee

• Achievements of Materiality and future actions
• Activity reports on Diversity Promotion Taskforce
• Formulation of Toyo Seikan Group Social Contribution Activities Policy
• Strategies to achieve the group’s GHG reduction targets (development and promotion of a GHG reduction and transition plan)
• Development of structure to promote Human Rights Due Diligence in the Group
• Establishment of Human Rights Grievance Mechanism
• Direction towards setting resource circularity indicators and plans
• Certification of sustainable products and services “Open Up! Products and Services”
• Environmental trends in Japan and overseas related to decarbonization, resource recycling, and nature conservation, and the Company’s actions