Sustainability Management
Basic Sustainability Policy
1. The Basic Sustainability Policy is as follows
The JSP Group, with its corporate philosophy of "Creatively and Actively Contribute to Society”, aims to continuously enhance its corporate value with a strong awareness of its corporate responsibility in the elements of environment, society and corporate governance.
2. JSP will make the Basic Sustainability Policy known to all directors,officers,employees.
3. JSP complies with all relevant laws, regulations, and standards, and implements sustainability promotion management in a systematic, organized, and sustainable manner.
Approach and Activities on Sustainability
In medium-term business plan "Change for Growth 2026", the JSP Group announced basic concept of gaining the understanding, trust and sympathy of stakeholders as a global company for global society by broadening the value we provide for both economic value and social value to our customers and for addressing social issue, through sustainability management. Based on corporate philosophy of “Creatively and Actively Contribute to Society”, the JSP Group is working to further enhance our corporate value by incorporating environmental, social and corporate governance factors into its various management activities, thereby reducing risks and capturing profit opportunities, and increasing the sustainability of our business model.
Materiality Relationship Chart
The relationship between JSP's Corporate Philosophy, Basic Sustainability Policy, Long-Term Vision,Medium-term Business Plan and Materiality is shown in the diagram below.
Materiality Selection Process
Identification of Issues and Materiality Assessment
The JSP Group identifies a wide range of social issues, referring to international guidelines such as GRI standards, the 17 goals of the SDGs and trends at other companies and then evaluates the level of importance from two perspectives: the importance from JSP Group’s perspective and the importance from the stakeholders’ perspective.
Deliberations by the Executive Officers Meeting
The Executive Officers Meeting deliberates on issues of high importance and in the process selects materiality candidates, incorporating the basic concepts of the Midterm Business Plan "Change for Growth 2026" and product perspectives.
Resolution by management
Governance
The JSP Group is working to achieve sustainability through a company-wide sustainability promotion system. The Board of Directors, chaired by the President, oversees sustainability-related risks and opportunities in management activities and plays a governance role.
Risk Management
The JSP Group has set “Contribute to society by supplying foamed plastic products ” and “Stregthen the management base” as the basic concepts in its medium-term management plan starting in fiscal 2024. The JSP Group also identifies key issues (materiality) that should be addressed as part of its sustainability management, and implements risk management by identifying risks and opportunities related to these issues.
Sustainability Promotion Structure
Sustainability Promotion Structure Chart
＜Board of Directors＞
The Board of Directors oversees sustainability management. In the PDCA cycle of sustainability promotion activities, the Board of Directors is responsible for approving plans for sustainability promotion activities, receiving reports on performance and overseeing overall activities.
＜Executive Officers Meeting＞
The Executive Officers Meeting controls the overall sustainability management. In the PDCA cycle of sustainability promotion activities, it confirms and reviews the progress of company-wide activities and plays a role in promoting these activities.
＜Sustainability Promotion Committee＞
The Sustainability Promotion Committee serves as an advisory body to the Executive Officers Meeting and is responsible for reviewing specialized issues essential to the promotion of sustainability and important issues related to the promotion of sustainability.
＜Entire Company＞
Entire Cmpany refers to the Company and its affiliates, etc., and is responsible for implementing sustainability promotion activities.
＜Sustainability Promotion Group＞
The Sustainability Promotion Group serves as the organizer of the Sustainability Promotion Committee and also strives to comprehensively understand sustainability promotion activities and ensure that they function effectively. In addition, the Sustainability Promotion Group verifies the degree of achievement of sustainability contributions, consolidates stakeholder opinions received throughout the company and reports them to the Executive Officers Meeting.
Activities for Materiality
The creation of shared value (CSV): Materiality concerning the contribution through businesses operations and products
| Materiality | Main Activities | SDGs |
|---|---|---|
| (1) Contribution of environmentally friendly products | Contribute to society by supplying foamed plastic products. |
|
| (2) Contribution to plastic resource recycling | ||
| (3) Contribution to climate change mitigation | ||
| (4) Contribution to food and healthy living | ||
| (5) Contribution to safety |
Indicator and Results
| Materiality | Indicator | FY2024 Result | FY2025 Result |
|---|---|---|---|
| The creation of shared value (CSV) | Growth Rates in Sales of Products Designed to Address Climate Change and Products That Contribute to the Circular Economy for Plastics(from the previous FY) | 32.5% increase | 29.1% increase |
Activities for Materiality: Environment, Society, and Corporate Governance (ESG)
Materiality concerning the environment (E)
| Materiality | Main Activities | SDGs |
|---|---|---|
| (1) Global environmental conservation | Global environmental conservation through Responsible Care (RC) activities. |
|
Materiality concerning society (S)
| Materiality | Main Activities | SDGs |
|---|---|---|
| (1) Improve human resources development | Promote human resource development by enhancing the capabilities of all employees. |
|
| (2) Fostering the corporate culture of a rewarding Workplace | Creating a work environment where employees with diverse values respect each other and can play an active role. | |
| (3) Workforce diversity | Promote recruitment and employment of a diverse workforce in which all employees can play an active role | |
| (4) Secure the occupational safety | Ensure the health and safety of employees and local residents by striving to achieve zero accidents and zero injuries in our business activities. | |
| (5) Structure of information systems | Promote operational efficiency through the use of digital technology. |
Materiality concerning corporate governance
| Materiality | Main Activities | SDGs |
|---|---|---|
| (1) Strengthening of corporate governance | Strengthening Group-wide corporate governance through compliance, internal control and risk management initiatives |
Information on materiality can also be found here.
Indicators and Targets
・Indicators and targets for “Global environmental conservation” can be found here.
・Indicators and targets for “Human resource development”, “Corporate job satisfaction”, “Occupational safety” and “Workforce diversity” can be found here.
・Indicators and targets for “Structure of information systems”can be found here.
・Indicators and targets for "Strengthen corporate governance" can be found here.