Sustainability
Materiality
Fuji Electric is committed to contributing to prosperity, encouraging creativity, and seeking harmony with the environment, as outlined in our corporate philosophy. We proactively promote sustainability-focused management based on our core management policy of contributing to a sustainable society through our energy and environment businesses.
As the world changes—driven by the transition to decarbonization and a circular economy, expanded investment in digitalization, and rising geopolitical risks, and labor shortages in Japan—we have identified the following as our sustainability-related materialities: expansion of our energy and environment businesses, as stated in our management policies, as well as three initiatives to enhance our management foundation for sustainable corporate value growth: the promotion of the Environmental Vision 2050, achievement of well-being, and further strengthening of governance.
Materiality and Key Issues
Promote energy and environment businesses
<Promote growth strategies>
Increase sales by introducing new products
Increase sales by introducing new products
Key Issues
- Launch new green transformation, digital transformation, and global products
Expand overseas businesses
Key Issues
- Expand businesses through introduction of global market products and regional priority measures
<Further improvement of profitability>
Improve productivity through the utilization of digital technology
Improve productivity through the utilization of digital technology
Key Issues
- Improve productivity using sophisticated production technologies
Promote Environmental Vision 2050
Reduce greenhouse gas emissions
Key Issues
- Reduce greenhouse gas emissions in the supply chain
- Reduce greenhouse gas emissions during production
- Increase use of renewable energy (as a percentage of total electricity usage)
- Provide energy-saving products
Promote circular economies
Key Issues
- Established product design standards in compliance with eco-design regulations
Achieve well-being
Respect for human rights
Key Issues
- Implement human rights due diligence (every other year)
Promote active participation of diverse human resources and Improve employee engagement
Key Issues
- Promote contributions of female employees
- Develop and strengthen management human resources in Japan and overseas
- Promote active participation of senior employees
- Career development support
Strengthen corporate governance
Improve effectiveness of corporate governance
Key Issues
- Continued third-party evaluation of the effectiveness of the Board of Directors and incorporatedthis evaluation into operations
- Reduce cross-shareholding
Rigorous global compliance
Key Issues
- Expand Fuji Electric Compliance Programs
- Promote the Business Ethics Whistle-Blowing Systems
Enhance risk management
Key Issues
- Enhance risk responsiveness through ongoing improvements to business continuity plans (BCPs)
- Strengthen project management
- Strengthen information security
Materiality Identification Process
