Chairman's message regarding OMRON's commitment to sustainability
Since our founding, OMRON has advocated solutions to social issues, and has engaged consistently in sustainability-oriented management based on our Mission, to improve lives and contribute to a better society. For us at OMRON, sustainability means nothing more or less than putting the OMRON Principles - our corporate philosophy - into practice. In other words, our basic approach is to pursue sustainable development in society from a global perspective, while continuing to improve corporate value based on the OMRON Principles.
Our new long-term vision, which launched in April 2022, is called Shaping the Future 2030 (SF2030). This vision identifies material sustainability issues, included for the first time in a long-term vision. SF2030 also describes long-term targets through the year 2030 and sustainability targets under a medium-term management plan as the first stage of the vision. Among the most pressing issues in terms of the sustainability of humankind are the emerging issue of climate change and other environmental issues and human rights issues in the value chain. We will engage with these issues as a group, driven by the commitment of management.
Under SF2030, we intend to integrate sustainability initiatives with business activities in full, evolving into a more proactive approach, viewing rapid paradigm shifts in society as opportunities for growth. To ensure this integration, our Board of Directors will exercise monitoring and supervisory functions over efforts to address key sustainability issues, confirming the direction of progress and conducting reviews.
OMRON refers to international norms and guidelines on sustainability, including the Universal Declaration of Human Rights, the OECD Guidelines for Multinational Enterprises, and ISO 26000. We reflect these norms and guidelines in our policies and codes of conduct (OMRON Group Sustainable Conduct Policies and OMRON Group Rules for Ethical Conduct). In 2008, OMRON declared our support for the ten principles of the United Nations Global Compact (UNGC). This compact is a set of universal principles on human rights, labor, environment, and anti-corruption proposed by the United Nations. We respect the UN's Guiding Principles on Business and Human Rights, striving constantly to manage our businesses and act in harmony with the international community. Here, our efforts include meeting our responsibilities to respect human rights as a corporation through procedures to identify, prevent, mitigate, and remedy negative impacts on human rights.
OMRON will continue to engage in responsible dialogue with all of our stakeholders, striving to enhance corporate value and resolve global social issues continually through our business activities.