Our Group Purpose states, “As a company trusted by society, we will constantly pursue innovation, inspiring people everywhere, and creating a future full of smiles,” and our corporate philosophy is based on being a company trusted by society. These ideas govern all our business activities. In October 2021, following discussions within the Sustainability Committee and resolutions adopted by Board of Directors in November of that year, we established our Sustainability Policy based on our Group Purpose. This policy aims to use our business activities to achieve what we call WITH (Well-Being—A Better Life/ Inclusion—For All People / Trust—Certainty and Trust / Harmony—with the Earth).We are working constantly to contribute to the growth of the Group and to achieve sustainable social development. We are also aiming to realize many of the Sustainable Development Goals (SDGs) within our business no later than 2030.
Policy Promotion Structure
Board of Directors
Board of Directors oversees the work of the Sustainability Committee and its progress on specific issues. At least twice a year the Sustainability Committee reports to the Board on resolutions it has made. The Board also regularly discusses important matters related to climate change.
Sustainability Committee (Secretariat: ESG/SDGs Promotion Office)
The Sustainability Committee, chaired by the President, consists of full-time officers, including those responsible for ESG and SDGs, as well as the heads of various Group companies. The Committee is responsible for formulating Group policies related to ESG and the SDGs. Discussions and resolutions take place in regular, semi-annual meetings and ad-hoc meetings convened as needed. Resolutions are then reported to Board of Directors. Based on the Committee’s resolutions, appropriate executives take the lead in promoting activities within the Group.
The SDGs Liaison Meeting comprises SDGs representatives from each company within the Group. The meeting is held three times a year, primarily to review progress on the Seiko Group's materialities, discuss updates, share issues, and engage in collaborative discussions.
Sustainability Committee Meeting History
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- July
2022: - Information Disclosure based on TCFD Recommendations (Discussions and Resolutions)
- July
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- September
2022: - Progress Report on Key Actions for Materiality
- September
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- October
2022: - Discussion and Resolution on the Formulation of Procurement Guidelines
- October
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- November
2022: - Discussion and Resolution on the Identification, Analysis, and Assessment of Human Rights Risks
- November
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- December
2022: - Discussion on our Decarbonization Roadmap (Including Decarbonization Transition Plan)
- December
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- February
2023: - Discussion and Resolution on Updated Information Disclosure based on TCFD Recommendations (Including Decarbonization Transition Plan)
- February
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- March
2023: - Discussion and Resolution on Accelerated Plan for the Introduction of Renewable Energy
- March
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- March
2023: - Progress Report on Key Actions for Materiality
- March
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- June
2023: - Report on Human Rights and Procurement
- June
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- September
2023: - Progress Report on Key Actions for Materiality
Discussion and Resolution on 'the Seiko Group Responsible Mineral Sourcing Policy'
- September
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- October
2023: - Revision of the Decarbonization Roadmap
- October
