Practice of sustainability management
Epson has been helping to solve societal issues through its products and services. Going forward, we at Epson will continue to work to fulfill our social responsibility and create shared value in order to achieve sustainability and enrich communities together with our customers and partners from a long-term perspective based on our Management Philosophy.
Starting with an analysis of societal issues, Epson identified four priority issues (materialities) that it should address and selected 12 key sustainability topics that it will act on to achieve the materialities. Through these actions, Epson will contribute to the achievement of the Sustainable Development Goals (SDGs) by 2030, the deadline set by the United Nations.
Approach
The Management Philosophy, Principles of Corporate Behavior, and Sustainability Initiatives
Established in 2005 and applying to the entire Epson Group, Principles of Corporate Behavior spells out principles of conduct to achieve the Management Philosophy. In 2021, Principles of Corporate Behavior was updated to reflect the latest needs of society.
We want to contribute to solutions to societal issues and achieve sustainable growth as a company through sustainability initiatives that are aligned with the Principles of Corporate Behavior, which is based on the idea of building social trust, the concept that underlies Epson's Management Philosophy.
Sustainability-Related Norms That Epson Honors
Epson complies with the laws and regulations in the countries and regions in which it operates and regularly updates Principles of Corporate Behavior to align it with the internationally recognized codes listed below to help ensure that our conduct meets societal expectations.
- The Ten Principles of the United Nations Global Compact
- The Sustainable Development Goals (SDGs)
- OECD Guidelines for Multinational Enterprises
- Keidanren Charter of Corporate Behavior
- ILO Core Labor Standards
- Responsible Business Alliance (RBA) Code of Conduct
- ISO 26000
Promotion Organization
Epson established the Sustainability Promotion Office as an organization that reports directly to the president. The executive officer who was appointed to head the office has the responsibility and authority for sustainability activities across the entire Epson Group.
he CSR Executive Council, which was made up of executive officers and other members of executive management, served as an advisory body to the president. The role of the council was revised. It is now responsible for steering the direction of sustainability activities across the Epson Group and was thus renamed the Sustainability Strategy Council. The Sustainability Strategy Council reviews social trends, formulates long-term strategies for sustainability for the entire Epson Group, reviews the actions taken, and discusses initiatives for addressing important issues.
In addition, a Sustainability Management Committee has been established as a subordinate organization of the Sustainability Strategy Council. The Sustainability Management Committee studies and discusses matters related to sustainability that require specialized knowledge. This committee, which is composed of the general managers of certain supervisory departments, advises and reports to the Sustainability Strategy Council. The Sustainability Promotion Office serves as the administrative office for the Sustainability Strategy Council and the Sustainability Management Committee.
Under the control of the Sustainability Officer, the Sustainability Promotion Office and the Sustainability Management Committee are responsible for the execution of business related to sustainability activities.
Action items
Main Topics Discussed by the Sustainability Strategy Council
| Fiscal Year (Meetings hold) | Main Topic of Discussion |
|---|---|
| 2022(6) |
Deliberation of key performance indicators (KPI) and targets of key sustainability topics Annual review of the sustainability communication activities Implementation review of CSR and CSV activities Deliberation of the non-financial information management cycle |