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Message to Stakeholder

In the promotion of sustainability, we believe that in the first year of NGP-1, we have generally made good progress in Sustainability 2030, our action plan for the period up to 2030. We revised our Sustainability Basic Policy and added new items to Materiality 2021-2022.

 

Tatsuya Yamagata

Senior Vice President, General Manager of GIHQ (Sustainability, Global)

In the area of climate change, after 2-3 years of preparation, in May of last year, our group’s greenhouse gas reduction targets for 2030 were certified by the Science Based Targets Initiative. This has clarified the goals of The Takasago Group’s basic policy in line with the TCFD recommendations. We are currently working with the production sites in Japan and overseas to create specific reduction scenarios. As efforts across the globe are important, we are promoting the participation of all employees.

Regarding other aspects of EHS, we are actively working to reduce water use and waste, and to manage chemical substances to reduce environmental impact. Regarding occupational health and safety, in addition to operational safety, we added work-life balance to our goals, and last year we announced our Health Management Declaration to demonstrate the group’s position, which was selected as the Health and Productivity Management Organization.

As for human rights issues, our group conducts due diligence in Japan and at its overseas offices (on a corporate basis) every year since 2019, and the latest due diligence in 2021 confirmed that no human rights violations have occurred within our group.

Human rights issues in the supply chain became a major global issue last year, and in order to realize responsible procurement in our supply chain, we share The Takasago Group Supplier Code of Conduct, which incorporates human rights compliance rules, with our suppliers and request their compliance. In particular, since our transactions with raw material suppliers are spread throughout the world, we effectively utilize SEDEX, a platform for checking the ethical aspects of business, to audit the ethics of our suppliers.

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Materiality2021-2022

Every year, the Board of Directors reviews the materiality of the issues faced by the group. This year’s Materiality 2021-2022 including revisions that added the following three items: diversity and inclusion, digitalization and contribution to well-being through kaori.”

In the area of diversity and inclusion, we are preparing a global policy for the entire Group. In parallel with this, a three-year plan is being drafted for each base in accordance with the laws in each country.

As for digitalization, we have formulated an action plan for digitalization by 2030. Based on this plan, we will promote the global integration of ERP systems, the integration of satellite systems, the use of AI, automation and IoT, the establishment of paperless procedures and IT security. We are currently in the process of implementing GSAP (the global integration of ERP systems) in Singapore, which will be the starting point for our global expansion by 2025, and we will also begin the integration of satellite systems. IT security is a pressing issue, and we are working to

increase the robustness of hardware more robust along with the software.

Lastly, regarding our contribution of well-being through kaori, we are working on the following initiatives.

Product categories related to well-being that require greater attention include plant-based foods, health-related products such as low-sodium and low-sugar products, and mood-related products such as products for relaxation, and we aim to contribute to product development on a global basis.

Focusing on the various functions of fragrances, we are contributing to a more comfortable and cleaner life by developing fragrances that focus on psychological and physiological aspects, hygienic aspects such as antibacterial effects, and the potential functions.

We develop bio-based flavor-fragrance materials that are nature-friendly and biodegradable. We also strive to coexist with nature through the kaori we use and contribute to a carbon-neutral society through the reduction of the energy that we use by actively using catalyst technology to reduce labor and waste.

 

In accordance with the Sustainability Basic Policy, we will continue to work toward the realization of a sustainable society by addressing various sustainability issues in society in pursuit of, “Care for People, Respect the Environment,” stated in our vision.

 

■ Sustainability Basic Policy

Based on the “Care for People, Respect the Environment” statement in our Vision 2040, The Takasago Group respects all people’s values and aims to live in coexistence with nature. Through fair and transparent corporate activities, we will continue to address social issues and contribute to sustainability in all forms.

■ Health Management Declaration

The Takasago International Corporation will continue to value every employee, strive to maintain and promote good health and create a workplace environment in which employees are able to work with vitality.