Contact: Sustainability Department, Toyo Seikan Group Holdings, Ltd. | Toyo Seikan Group | |
Osaki Forest Bldg., 2-18-1Higashi-Gotanda,Shinagawa-ku, Tokyo 141-8627, Japan | SUSTAINABILITY REPORT 2022 | |
Tel. +81-3-4514-2026 | Published in November 2022 | |
Editorial Policy
With the Long-Term Management Vision 2050 "The Future, Wrapped for All," the Toyo Seikan Group will go beyond its traditional field of packaging manufacturing to be a corporate group that creates a new value and changes the world.
This report has three major parts: Environmental, Social, and Governance sections, and each section mainly describes activities we conducted during fiscal 2021, for better understanding of our specific measures and initiatives.
Please visit our website for information not covered by this report, including sustainability-related policies, systems, and data.
https://www.tskg-hd.com/en/csr/
Please refer to the relevant websites for details of activities at group companies described below.
(Reports marked with an asterisk (*) are available only in Japanese.)
Report Profile
Companies covered by the Report:
Domestic and overseas group companies including Toyo Seikan Group Holdings, Ltd.
Period covered:
April 1, 2021 to June 30, 2022
Numerical data:
April 1, 2021 to March 31, 2022
Published in:
November 2022
Referenced guidelines:
GRI Sustainability Reporting Standards
Management Philosophy of Toyo Seikan Group
Management Policy
We will constantly create new and innovative values, aspire to achieve
a sustainable society and contribute to people's happiness.
We will honor dignity and always strive to be fair and unbiased in every way. | |
Creed | All of us will fully demonstrate our own strengths and expertise, and contribute to social |
prosperity while we grow and thrive as an individual, a corporation or a group. | |
Vision | We will aim to become the Group which can provide unique and innovative technologies |
and products that will meet global expectations. | |
Toyo Seikan Co., Ltd.: Environmental information
Toyo Kohan Co., Ltd.: CSR*
Tokan Kogyo Co., Ltd.: CSR
Nippon Closures Co., Ltd.: Sustainability*
Toyo Glass Co., Ltd.: Environmental Activities*
Mebius Packaging Co., Ltd.: CSR
Toyo Aerosol Industry Co., Ltd.: Environmental Policy*
TOMATEC CO., LTD.: The Measure for Environment
The Future, Wrapped For All
Fundamental Principles of Toyo Seikan
In 1933, our founder Tatsunosuke Takasaki clearly stated our founding philosophy as the fundamental principles in the handbook "The Mission of Toyo Seikan," which was distributed to shareholders, employees, and partners in the industry. Since then, we have fulfilled our duties based on the principles. This is the origin of CSR activities of the Toyo Seikan Group.
- Our aim is to achieve results that bring happiness to mankind.
- We shall work not just for profit, which is merely a result of our business activities and not the main purpose.
- All of us shall have a spirit of service to fulfill our respective duties and demonstrate the spirit as the entire organization, striving for the prosperity of our business partners in the same way as for our own success.
Table of Contents
Editorial Policy/Report Profile ..................................... | 2 |
Management Philosophy of Toyo Seikan Group/ | |
Fundamental Principles of Toyo Seikan .................... | 3 |
Top Message: | |
We will pursue new value creation | |
with all abilities of the Group, aiming | |
for continuous growth to be | |
a "daily living platform." .......................................... | 4 |
Company Profile ......................................................... | 6 |
Sustainability Management of Toyo Seikan Group ..... | 7 |
Materiality of Toyo Seikan Group................................ | 8 |
Sustainability Strategy of Toyo Seikan Group | |
Developing an Environmental Axis as | |
a New Value Standard................................................. | 10 |
Environmental | |
Contributing to Environmental Protection .................... | 12 |
Social | |
Respect for Human Rights ......................................... | 22 |
Responsible Procurement............................................... | 23 |
Respect for Employees .............................................. | 24 |
Contributing to Communities ...................................... | 31 |
Governance | |
Ensuring thorough compliance ................................... | 32 |
Risk Management ...................................................... | 36 |
Independent Assurance Report....................................... | 38 |
Toyo Seikan Group Companies ................................ | 40 |
2 | Toyo Seikan Group Sustainability REPORT 2022 | 3 |
Top Message
Our intention to support society as a "daily living platform"
We will pursue new value creation with all abilities of the Group, aiming for continuous growth to be a "daily living platform."
For over 100 years since its founding in 1917, the Toyo Seikan Group has continuously supplied the world with products that meet the values and needs of consumers, while flexibly responding to changes of the times. We provide products that people see and touch every day, including metal cans, glass and PET bottles, plastic containers for shampoo and detergent, retort pouches for food, paper cups and corrugated cardboard as well as refrigerator door materials and coating materials for built-in kitchens. These products play the same significant role as social infrastructure, which is essential to daily lives. To express our pride and responsibility in providing such products, we have stated in the Long-Term Management Vision what we aim and want to be by using the term a "daily living platform." With this term, we show our strong desire to be able to address various social issues beyond the boundaries of packaging containers and become a platform necessary for a sustainable society.
To realize our intention, the Long-Term Management Vision has two main themes: "responding to diversity" and "creating a sustainable society." As lifestyles are increasingly diversifying, we can even say that today there are as many needs as there are people. In such a world, we cannot survive by relying on mass production that focuses on efficiency. Meanwhile, pursuing what
is most beneficial and valuable for each individual has great importance in terms of solving social issues. For example, while beverage cans are still in great demand, they may not be friendly to users who do not have the strength to open a pull-tab can or those who are holding a little child with one hand. From this point of view, we should consider whether our products and services actually address ongoing social issues and meet individual needs. I believe that finding a new value with this attitude helps us become a daily living platform.
With increasing demand for corporate responsibility for the environment, business operations must be conducted with due consideration to the environment. We aim to provide products, systems, and services that further reduce environmental impact and build an environmentally friendly value chain. Packaging containers become garbage after the contents are consumed. We therefore recognize that our duty is to design a social infrastructure system that incorporates the production, collection and recycling processes and to build such systems in the society for a prosperous and healthy future. Taking advantage of our abilities to process every kind of materials and our unique technologies developed through packaging manufacturing, we will continuously contribute to a sustainable society.
Building a working environment that allows diverse talent to grow and thrive
President and Representative Director
Toyo Seikan Group Holdings, Ltd.
Raising awareness of the Long-Term Management Vision across group members to maintain their motivation for progress
In order to realize our Long-Term Management Vision, we need to develop human resources that support the Group's future growth. It is human resources that drive business growth-based on this perspective, we are promoting female empowerment and mid-career recruitment and introducing an open internal recruitment system for new business opportunities. With these measures in place, we aim to create a vibrant corporate culture in which individuals can demonstrate their different abilities and respect each other's personalities.
In 2021, we also launched a group-wide recruitment system for new graduates as a new initiative of human resource development.
Traditionally, the Group's workers have built their career in a group company they belong to. However, career needs have increasingly diversified as the times change, and we are required to meet the needs through a concerted action of the entire group rather than separate efforts of individual companies for our survival. We therefore decided to introduce the new recruitment system to enable employees to build a career in a common, group-wide framework. The new system is expected to facilitate the mobility of talent across the group, causing different values to meet together and creating unexpected, surprising results.
Toward year 2050, a distant horizon, one of our major issues is how we raise awareness among all group members of the Long-Term Management Vision 2050 "The Future, Wrapped for All" (the "Long-Term Management Vision"), the Mid- to Long-Term Management Goals 2030, and the Mid-Term Management Plan 2025 to foster a sense of unity, revitalize our workplaces, and maintain momentum in our efforts.
In the process to formulate the Long-Term Management Vision, we did not just provide a draft prepared by management but rather had a lot of discussions with employees in their 20s to 40s, next-generation leaders, to incorporate their perspectives into the new vision. As a result, we have received unprecedented positive responses. However, establishing the Long-Term Management
Vision as well as the Mid- to Long-Term Management Goals 2030 and Mid-Term Management Plan 2025, which are linked to the long-term vision, is just the beginning of a long journey for us. On the way, we may face unexpected changes in business environment, or may sometimes struggle with difficulties. When facing such challenges, we will need measures to keep motivation, without paying too much attention to short-term profits and losing a clear view on mid- to long-term goals, or losing the direction of our efforts, so that each of us can see the issues as our own and move forward. To this end, management will continue to focus on sending messages to employees through various media and engaging in dialogue with them in every workplace.
Continue to take on the challenge of creating a new value to realize a sustainable society
With the Long-Term Management Vision, we will go beyond our | and impress them. Taking advantage of original technologies we |
traditional field of packaging manufacturing to create a new value | have developed over the years, we will continue to support people's |
that changes the world. Our goal is to offer a very unique value with | well-being, security, safety, and good health, thereby achieving |
products and services that are exactly what people have wanted | sustainable development of ourselves and the society. |
4
Toyo Seikan Group Sustainability REPORT 2022 | 5 |
Company Profile (as of March 31, 2022)
Toyo Seikan Group Holdings, Ltd.
Founded: | June 25, 1917 |
Representative: | Ichio Otsuka, |
President and Representative Director | |
Capital: | 11,094 million yen |
Head Office: | Osaki Forest Bldg., 2-18-1Higashi-Gotanda, |
Shinagawa-ku, Tokyo 141-8627, Japan | |
Number of | 470 (19,758 on a consolidated basis) |
Employees: |
Net sales by business segment
Functional materials related business | Real estate related business 1.0% | ||||||||||
Other businesses 2.7% | |||||||||||
5.9% | |||||||||||
Steel Plate Related Business | |||||||||||
9.1% | |||||||||||
Packaging | |||||||||||
Engineering, Filling | Business | ||||||||||
and Logistics Businesses | 60.9% |
20.3%
Sustainability Management of Toyo Seikan Group
Toyo Seikan Group CSR Policy
The Toyo Seikan Group defines CSR as "continuous contribution to the happiness and prosperity of mankind through fair and honest business activities." All employees of the Group understand its CSR commitment and work for all stakeholders.
All stakeholders
We will respect basic human rights and diversity of people, and communicate and act sincerely.
We will provide safe and reliable | We will create a safe, | |
products, systems and services to Customers | Employees | |
clean and vibrant workplace. | ||
ensure customer satisfaction. | ||
Business Segments
Packaging Business | Engineering, Filling and | Steel Plate Related |
Logistics Businesses | Business | |
We will always conduct fair | Business | Local | We will promote participation | ||
Toyo Seikan Group | in community activities | ||||
and transparent business | |||||
partners | communities to coexist in harmony | ||||
activities with good ethics. | |||||
with local communities. | |||||
We will strive to enhance corporate | Shareholders | Global | We will strive to preserve and | ||
value, and manage and disclose | and | ||||
environment improve the global environment. | |||||
information appropriately. | investors | ||||
We supply packaging containers that are essential for our daily life, including food
Aiming to expand our value chain beyond packaging and reduce environmental im-
We supply various types of steel plates for cans and other products that are used
Sustainability Promotion Framework of Toyo Seikan Group
and beverage cans, plastic bottles and pouches, caps, paper containers, and glass bottles.
pact, we are engaged in manufacturing of can and can end making machinery and beverage filling equipment; contract filling of beverages, aerosol products and general liquid-filled products; and trucking and warehousing services.
in every aspect of our daily life, including electrical and electronic components, automotive and industrial machinery parts, consumer electronics, and construction materials.
In April 2022, we established the Sustainability Department, which has responsibility for internal and external communication and public relations in addition to environmental and CSR issues. As a key organization for implementing corporate strategies, the new department will drive group-wide sustainability initiatives to ensure the continuity and development of society and our business.
We also established the Group Sustainability Committee for sustainability management in operations across the Group.
The committee, chaired by the president of Toyo Seikan Group Holdings and attended by presidents of major group companies, meets once a year in principle. The issues discussed by the committee are reported to the Executive Management Committee and the Management Strategy Committee, as appropriate, to be reflected in our corporate strategies. The committee's activities are also immediately reported to the Board of Directors to be supervised by the board.
Functional materials | Real estate related | Other businesses |
related business | business | |
We provide materials with various func- | We are engaged in leasing of office build- | We also conduct manufacturing of auto- |
tional properties, such as magnetic disk | ings and commercial properties. | motive press dies, machinery and appli- |
aluminum substrates, optical functional | ances, hard alloys and agricultural-use | |
films, glazes, pigments, gel coats and mi- | materials; sales of petroleum products; | |
cronutrient fertilizers. | and non-life insurance agency business. |
Toyo Seikan Group Audit and Supervisory Board | Board of | Directors | Governance Committee |
Holdings, Ltd. | President | ||
Management Strategy Meeting
Executive Management Meeting
Group Sustainability Committee
Group Risk and Compliance Committee
Toyo Seikan | Toyo Kohan | Tokan Kogyo | Nippon | Toyo Glass | Mebius | Toyo Aerosol | TOMATEC |
Closures | Packaging | Industry | |||||
6 | Toyo Seikan Group Sustainability REPORT 2022 | 7 |
Materiality of Toyo Seikan Group
We identify top priority issues as the Materiality of Toyo Seikan Group in order to contribute to the creation of a sustainable society. In 2021, we formulated the Long-Term Management Vision 2050 "The Future, Wrapped for All" and the Mid-Term Management Plan 2025, setting up mid- to long-term strategies and goals for the Group. In light of these strategies and goals, we have reviewed and refreshed the materiality with the six key issues as described in the chart. Going forward, we will work on setting key performance indicators (KPIs) and key goal indicators (KGIs) that are relevant to our materiality.
Materiality Identification Process
STEP 1 | • The Toyo Seikan Group drafted a long list of issues requiring attention based on the guidelines of the |
Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) as well as the Mid- | |
Term Management Plan 2025 and industry issues. |
We are now working to determine KPIs and KGIs, which will be posted on our website as they become available.
https://www.tskg-hd.com/en/csr/materiality/
Materiality of Toyo Seikan Group
Materiality | Major initiatives | Risks and Opportunities |
Developing and offering products and | Exploring business opportunities to achieve | Risks |
services that support various lifestyles | safety, security and fulfillment in daily lives | • Weaker sales due to misalignment with consumer |
Aiming to achieve one of the pillars of | • Food industrialization (e.g. cell-cultured meat) | needs |
the Long-Term Management Vision | • Develop and offer products and services that | • Lower production efficiency as a result of dealing with |
2050: "Responding to diversity," we will | support health maintenance and enhancement | a wide variety of needs |
provide products and services that focus | • Respond to food personalization | Opportunities |
on diversified lifestyles and needs of | ||
• Develop and offer products and services that | • Creating innovations in technical development and | |
consumers and thereby contribute to social | ||
issues. | contribute to "zero food loss" | production by satisfying diverse needs of consumers |
• Stronger sales with a product lineup that meets | ||
changing environments and values, such as food | ||
personalization and food industrialization | ||
Developing and offering products and | Building a platform for the entire value chain | Risks |
Identification
of Issues
STEP 2
Prioritization
STEP 3
Identification of Materiality
- A list of 19 topics was drafted by consolidating and integrating similar issues.
- The importance of each issue to the Toyo Seikan Group was carefully examined, taking into consideration consistency with our management philosophy and the Group's Code of Conduct and Guidelines of Behavior, as well as evaluations of each issue at workshops held with officers from operating companies.
- The importance of each issue to stakeholders was carefully examined, based on a range of information including the key issues present in the packaging industry, key ESG topics institutional investors pursue with companies, and more.
- Candidates for materiality for the Toyo Seikan Group were identified.
- Outside experts reviewed and validated the identification process and materiality candidates generated.
- Materiality for the Toyo Seikan Group is identified through resolution processes at the Board of Directors.
services that are environmentally sound | to reduce environmental impact | Loss of trust from stakeholders and competitiveness |
Aiming to achieve one of the pillars of the | • Develop and provide automotive battery | against rivals due to delays in developing and offering |
Long-Term Management Vision 2050: | components | environmentally sound products and services |
"Creating a sustainable society," we will | • Offer in-house can making systems to fillers | Opportunities |
provide products and services that support | ||
and brand owners | • Contributing to environmental protection and | |
environmental protection and thereby | ||
contribute to social issues. | • Adopt a next-generation beverage can making | expanding social roles as a life infrastructure supplier |
system that is environmentally friendly | • Acquiring new customers and differentiating | |
• Offer Re-CUP WASHER | from competitors by developing and offering | |
environmentally sound products and services in a | ||
timely manner | ||
Contributing to environmental | • Reducing GHG emissions | Risks |
protection | • Reducing water consumption | Less competitive advantage due to delays in addressing |
We will implement various initiatives to | • Resource recycling initiatives | environmental issues, such as GHG emissions reduction |
reduce environmental impact for the | and resource recycling | |
• More energy conservation and more use of | ||
realization of a zero-carbon,zero-waste | Opportunities | |
renewable energy | ||
society that coexists with nature, which is | ||
• Obtaining new purchase orders and continued | ||
the goal we set in our Environmental Vision | • Respect for biodiversity | |
and Eco Action Plan 2030. | • Respect for the environment in the supply | orders from existing customers as a result of our |
environmental initiatives, including GHG emissions | ||
chain | ||
reduction | ||
• Achieving cost reduction through efficient use of water, | ||
energy and other resources | ||
Respect for human rights | • Conducting human rights due diligence | Risks |
We will ensure that there are no | • Respect for human rights in the supply chain | Lower reputation and sales resulting from disputes and |
discrimination, forced labor, harassment or | protests on human rights issues | |
abuse or any other human rights violations | Opportunities | |
in the Group as well as in the entire supply | ||
Ensuring stable procurement by respecting human rights | ||
chain and will prevent such violations. | ||
across the supply chain |
Materiality Matrix
Very important
stakeholders to Importance
Importance to the Group
Materiality of
Toyo Seikan Group
- Developing and offering and offering products and services that support various lifestyles
- Developing and offering products and services that are environmentally sound
- Contributing to environmental protection
- Respect for human rights
- Respect for employees
- Ensuring thorough compliance
Very important
Respect for employees | • Ensuring occupational health and safety | Risks |
We will build a rewarding work environment | • Building a rewarding work environment | • Imbalanced skills and characteristics of human |
that cares about the health and safety | • Promoting diversity, equity and inclusion | resources that lead to uniform thinking and loss of new |
of employees and their diversity and | business opportunities | |
• Securing and developing competitive human | ||
will secure and develop talent who will | • Loss of talent and lower retention rates due to a slow | |
continuously take on challenges for new | resources | |
response to the demand for flexible work | ||
value creation, thereby aiming to maintain | ||
Opportunities | ||
and boost our competitiveness. | ||
• Fostering a corporate culture that creates new | ||
perspectives and innovations through the co-creation | ||
of diverse values as well as securing excellent talent | ||
• Increasing the sense of fulfillment of employees by | ||
building a workplace where they can respect each | ||
other's personality and grow together | ||
Ensuring thorough compliance | • Educational programs for compliance with | Risks |
We will ensure compliance with laws and | laws and regulations | Underperformance of operations, loss of social trust, |
regulations, corporate ethics, and norms | • Implementing the Code of Conduct and the | and damage to corporate value due to noncompliance |
and take preventive measures against | Guidelines of Behavior | activities |
corruption and anti-competitive behavior. | • Preventive measures against corruption and | Opportunities |
anti-competitive behavior | • Earning social trust and increasing corporate value | |
through sound and stable business operations | ||
• Receiving a better evaluation from mid- to long- | ||
term investors and acquiring stable shareholders by | ||
maintaining highly transparent management |
8 | Toyo Seikan Group Sustainability REPORT 2022 | 9 |
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Toyo Seikan Group Holdings Ltd. published this content on 17 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2022 05:58:27 UTC.