Sustainability issues identified through decision process, FY2020 goals, and OMRON's initiatives
Under SF2030, we aim to maximize corporate value by integrating business and sustainability to create both social and economic value. To this end, we have identified for the first time Material sustainability issues as part of our long-term vision, and set sustainability targets in our long-term targets and medium-term management plan (SF 1st Stage).
We have set long-term targets with 2030 as the target year and targets for the medium-term management plan (SF 1st Stage) from fiscal 2022 to fiscal 2024.
| Material Sustainability Issues under SF2030 | SF2030 Targets | FY2024 Targets | |
|---|---|---|---|
| 1 |
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The state of contributing to the sustainable development of society by resolving the social issues tackled Group-wide, namely, achievement of carbon neutrality, realization of a digital society, and extension of healthy life expectancy from the social change factors focused on in SF2030: an aging population, climate change, and economic disparity among individuals |
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| 2 |
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The state of continuously generating new businesses by demonstrating our capability to innovate driven by social needs in both existing and new business domains, through actions such as evolving essential core technology development and incorporating it into business models |
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| 3 |
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The state of bringing diverse talent together where everyone can succeed, regardless of nationality, gender, or work style, where OMRON provides opportunities for its diverse talent to grow and evolves its human resources management to maximize their capabilities and skills |
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| 4 |
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The state of building further competitive advantage while solving social issues through reducing greenhouse gas (GHG) emissions in the value chain and establishing a resource recycling model
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| 5 |
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In line with the UN Guiding Principles on Business and Human Rights, the state of exerting our influence for the respect of human rights for workers not only at OMRON, but also in the value chain, and establishing a culture and system that does not permit or cause human rights violations |
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To achieve SF2030, we have set KPIs for the material sustainability issues. The KPIs and results are shown below.
| Material Sustainability Issues under SF2030 | KPIs | FY2022 Results | FY2023 Results | |
|---|---|---|---|---|
| 1 | Resolving social issues through our business | Sustainability sales (vs. FY2021) | +28% growth (vs. FY2021) | +33% growth* (vs. FY2021) |
| 2 | Maximizing capability to innovate driven by social needs | New businesses created | 37 candidates created | 31 candidates created |
| 3 | Generating diverse talent taking on the challenge of value creation | Investment in human resource development | JPY 1.61 billion | JPY 1.4 billion level |
| Ratio of local staff in core positions overseas | 80% | 80% or more | ||
| Ratio of women in management roles globally | 16.6％*4 | 19.1％*6 * | ||
| Ratio of employment of people with disabilities at overseas bases | Achieved at 27 bases outside Japan | Achieved at 28 bases outside Japan | ||
| Ratio of employment of people with disabilities in Japan | 3.10% | 3.50% | ||
| VOICE SEI*1 | 76P | 76P | ||
| 4 | Achieving de-carbonization and lower environmental impact | Scope1 and 2*2 | 62% reduction (vs. FY2016) | 68% reduction (vs. FY2016) |
| Carbon Zero at bases in Japan | 10 bases in Japan | 39bases in Japan (cumulative) | ||
| Scope3 Category 11*3 | 1) Completed changing the calculation method of the representative formats of IAB, OHQ, and OSS from catalog values to implemented values. | Completed launch, development, and verification of energy-conservation and resource-conservation products established by IAB, OHQ, and OSS | ||
| 2) Determined products subject to emission reduction for IAB, OHQ, and OSS and completed formulation of action plans | ||||
| Transition to a circular economy | Redefined environmental contribution and set a new direction | •Each business systematically addressed priority issues | ||
| •Completed formulation of CFP*7 calculation rules and calculation methods, and began calculation and disclosure initiatives in each business | ||||
| •Reviewed Biodiversity Policy encompassing matters related to a circular economy | ||||
| 5 | Respecting human rights in the value chain | Human rights due diligence implementation | Identified 7 potential human rights issues that the OMRON Group will prioritize | Implemented and improved human rights due diligence with respect to regions and business sites subject to high potential risk at OMRON sites and suppliers |
| Develop human rights redress mechanism | Global: Established supplier hotlines in all regions | Extended redress eligibility to customers and society by leveraging JaCER | ||
| Japan: Joined JaCER*5 and began trial operation using industry mechanisms |
