Basic Policy on Sustainability
The Shofu Group has established a corporate philosophy of "Contribution to dentistry through innovative business activities" under which we are determined to work to solve social issues through corporate activities in cooperation with stakeholders, aiming to improve corporate value over the medium- to long-term and create a sustainable society.
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Contribution to Higher QOL of People
We work to enhance people's quality of life around the world by accurately identifying the needs of society and the market, and by providing safe, reliable, and high-quality products and services. We also deliver appropriate information on our products, dental care, and related topics to ensure that stakeholders receive the knowledge they need.
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Promotion of Corporate Activities Friendly to Global Environment
To remain in harmony with the global environment and fulfill our environmental responsibilities, we work to reduce greenhouse gas emissions from our business activities, promote waste reduction and reuse, and advance other initiatives that minimize our environmental impact. Through these efforts, we aim to contribute to the realization of a decarbonized society and a circular economy.
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Strengthening of the Management Base to Support Corporate Value Enhancement
We work to strengthen the management foundation that underpins our corporate value by enhancing our corporate governance, compliance, and risk management, and by conducting our corporate activities with integrity and fairness.
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Cultivation of a Rewarding Organizational Culture and Development of Human Resources
Guided by the belief that people are the source of new value creation and that the collective contributions of individuals shape the value of the Company, we work to foster an organizational culture and build a work environment where every member of the Shofu Group can fully demonstrate their abilities and thrive. We promote this by respecting diversity and providing all individuals with opportunities for learning and growth.
Sustainability Promotion Structure
Governance
Recognizing the growing importance of achieving both a sustainable society--through solutions to social issues--and the medium- to long-term enhancement of corporate value, the Shofu Group established the Sustainability Committee in December 2021. Chaired by the Representative Director, President & COO, the committee meets in principle twice a year and promotes management practices grounded in sustainability perspectives.
The Sustainability Committee carries out its responsibilities by deliberating on the development of the Shofu Group's basic sustainability policies, strategies, and plans, as well as the setting of key performance indicators, taking into account sustainability-related risks and opportunities. The committee also monitors the progress of initiatives and reports on, or makes recommendations to, the Board of Directors at least once a year.
The Board of Directors holds the responsibility and authority to oversee risks and opportunities related to sustainability. It receives reports on matters discussed by the Managing Executive Board and the Sustainability Committee, and based on these reports, deliberates on and oversees the Shofu Group's policies, action plans, and other measures for addressing sustainability-related risks and opportunities.
In addition, we have established the Sustainability Committee Secretariat (the "Secretariat"), which is responsible for supporting the operation of the Committee and coordinating with other internal committees to develop and advance sustainability initiatives. The Secretariat consolidates agenda items for Committee discussions, makes necessary internal arrangements based on the Committee's instructions, and facilitates the practical coordination and implementation of sustainability measures. Through these activities, it reports to the Sustainability Committee and receives further directions as needed.
Risk Management
Within the Shofu Group, the Sustainability Committee plays the primary role in identifying sustainability-related risks and opportunities and determining which of them require priority attention.
Specifically, in identifying the Group's material issues (materiality), we first compiled a list of approximately 40 environmental, social, and governance (ESG)-related social issues and assessed them in terms of their associated sustainability risks and opportunities. Each issue was then evaluated from two perspectives--its importance to our Company and its importance to stakeholders--taking into account the relevant risks and opportunities. Following deliberation by the Managing Executive Board, the Shofu Group's materiality was finalized by the Board of Directors.
The Sustainability Committee monitors the status of our responses to sustainability-related risks and opportunities and reports its findings to the Board of Directors.
