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As a company with a global reach, it is extremely important for Casio to pursue initiatives that meet the expectations of the international community. The worldwide movement to build more sustainable societies continues to evolve, year by year. Companies today are expected to carry out strategic initiatives as part of their core business activities. Casio is no exception. Even more so, as a company known for “creating something from nothing,” Casio must strategically implement social contribution measures that are integrated with its business activities. Responding to these trends, Casio has specified the issues with the greatest significance (materiality) to its practice of social responsibility, in accordance with the G4 Sustainability Reporting Guidelines issued by GRI in May 2013. Going forward, the company will take action on each of the specified issues, and will apply the plan-do-check-act (PDCA) cycle to these efforts to ensure the highest level of socially responsible management.
Evaluation ◎: All targets met, ○ : Most targets met, △ : Remaining issues outweigh results, × : No progress made
Material Issues for Casio | FY2021 Targets and KPI | FY2021 Performance | Evaluation | FY2022 Targets and KPI |
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Realizing a low-carbon society |
Reduce the greenhouse gas emissions (Scopes 1 and 2) of group companies by 6.3% compared to FY2019, based on a market-based standard | Reduced 20.3% compared to FY2019 | 〇 | Reduce the greenhouse gas emissions (Scopes 1 and 2) of Casio Group by 9.5% compared to FY2019, based on a market-based standard |
Building a recycling society |
Maintain the Casio Green Star product sales ratio at 76% or more | Casio Green Star Product sales ratio: 78% | ◎ | Maintain the Casio Green Star product sales ratio at 80% or more |
Reduce the amount of waste generated by entire Casio Group by at least 1% compared to the previous fiscal year Achieve a recycling rate for Casio Group site waste of at least 95% |
Reduced waste generated by Casio Group by 13.7% compared to the previous fiscal year Recycling rate for Casio Group: 87.1% |
△ | Reduce the amount of waste generated by entire Casio Group by at least 1% compared to FY2020 Achieve a recycling rate for Casio Group site waste of at least 95% |
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Reduce water usage for Casio Group by at least 1% compared to FY2019 | Reduced water usage for Casio Group by 16.7% | ◎ | Reduce water usage for Casio Group by at least 2% compared to FY2020 | |
Living in harmony with nature |
Ensure that 80% of product catalog paper used in Japan is paper from certified forests | 74% | △ | Ensure that 80% of product catalog paper used in Japan is paper from certified forests |
Re-examine medium and long-term targets, including the definition of sustainable paper | Collected and analyzed world trends | △ | Continue to re-examine medium and long-term targets, including the definition of sustainable paper | |
Promoting CSR procurement | (1) Implement CSR education at Casio sites and at suppliers, and implement onsite audits in China | Implemented CSR education at Casio sites and at suppliers, and implemented onsite audits at 8 suppliers in China | 〇 | (1) Implement CSR education at Casio sites and at suppliers, and implement onsite audits at a total of 10 suppliers in China and Thailand |
(2) Conduct CSR surveys | Conducted CSR surveys of 455 suppliers worldwide Surveys collected from 454 of 455 companies |
〇 | (2) Conduct CSR surveys Conduct CSR surveys of all suppliers, and collect surveys from all of them |
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Providing supportive workplace environments and promoting diversity |
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Achieve a female employee recruitment rate of 25% or more | 5 of the 30 employees who joined the company in April 2021 were women (16.7%) | △ | Achieve a female employee recruitment rate of 25% or more | |
Maintain legally mandated employment rate of people with disabilities at 2.3% or more | Employment rate of people with disabilities: 2.29% (as of April 1, 2021) | 〇 | Maintain legally mandated employment rate of people with disabilities at 2.3% or more | |
Follow-up measure implementation rate for annual checkups: 80% or more | ・Follow-up measure implementation rate: 74.3% Reason 1 The implementation of follow-up measures was delayed due to COVID-19-influenced delays to regular checkup visits Reason 2 There were employees who rejected the offer of visits to medical institutions for follow-up measures due to COVID-19 pandemic |
△ | Follow-up measure implementation rate for annual checkups: 80% or more | |
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Respecting human rights | (1) Check human rights issue and implement feedback: All sales group companies (100%) |
Implemented survey for 27 sales sites in and outside Japan in June 2020, and responses received from all. Feedback given as well. (100%) | 〇 | (1) Review checks for human rights issues implemented in the past and formulate a promotion policy for fiscal 2023 and beyond. |
(2) Implement human rights education for Sustainability leaders: | Implementation postponed due to major internal organizational reform and the impact of COVID-19. | × | (2) Implement human rights education for Sustainability leaders: | |
(3) Develop a grievance mechanism; establish the mechanism and put into full operation | Re-examined the move to an operational structure capable of a more suitable response. | ー |
Step 1: Specification of issues with significance to the company
In fiscal 2015, Casio made a detailed list of CSR issues with reference to its business areas, and prioritized them based on relevance to its own activities.
Step 2: Specification of issues with significance to stakeholders
In fiscal 2016, Casio sent a questionnaire to its stakeholders and conducted interviews in order to organize the issues by their significance to stakeholders.
Step 3: Summarization and finalization
Based on the results of the processes in steps 1 and 2, in fiscal 2016 Casio formally specified its material issues with the approval of the director in charge of CSR.
Step 4: KPI formulation and implementation
Casio formulated key performance indicators (KPI) with reference to the specified material issues, thereby enabling each responsible department to evaluate its CSR initiatives quantitatively. In fiscal 2017, Casio is implementing related activities using the plan-do-check-act (PDCA) cycle.
Regarding the 46 “aspects” indicated in the G4 Sustainability Reporting Guidelines from GRI, Casio analyzed the risks to the company for each aspect and the degree of impact that they would have on Casio. The aspects were used to evaluate matters at various levels, including business segments, value chains for each segment, and regions of operation. This shaped the identification of the most significant aspects. The departments charged with CSR responsibilities also examined the identified aspects, and finalized them for use in their own processes.
Based on the G4 Sustainability Reporting Guidelines, the 46 aspects were divided into six areas: economic, environment, labor practices, human rights, society, and product responsibility. The importance of each area was then identified through dialogue with stakeholders closely related to Casio. Questionnaires were also given to customers and employees, and aspects with high significance to stakeholders were identified. In addition, questionnaires and interviews with experts were carried out on the respective topics. These processes enabled Casio to identify society’s expectations, resulting in a list of issues with significance to Casio stakeholders.
Economic
Takeshi Mizuguchi, Professor
Takasaki City University of Economics
Environment
Sadayoshi Tobai
Conservation Director, WWF Japan
Labor Practices
Hiroki Sato, Professor
Chuo Graduate School of Strategic Management
Human Rights
Makoto Teranaka, Visiting Professor
Tokyo Keizai University
Society
Kaori Kuroda, Executive Director
CSO Network Japan
Product Responsibility
Kikuko Tatsumi, Executive Advisor
Nippon Association of Consumer Specialists
By mapping the aspects identified in steps 1 and 2, Casio specified eight material issues, with a focus on aspects given a high priority. Finally, with the approval of the director in charge of CSR, the issues with medium-term materiality to the Casio Group were defined.
Material Issues for Casio
Material Issues for Casio | Material Aspects | Boundary | |
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Internal | External | ||
Building a recycling society | Products and services | ● | ● |
Realizing a low-carbon society | Energy | ● | ● |
Emissions | ● | ● | |
Living in harmony with nature | Biodiversity | ● | ● |
Promoting CSR procurement | Supplier environmental assessment | ● | ● |
Supplier assessment for labor practices | ● | ● | |
Supplier human rights assessment | ● | ● | |
Supplier assessment for impacts on society | ● | ● | |
Providing supportive workplace environments and promoting diversity | Employment | ● | |
Diversity and equal opportunity | ● | ||
Respecting human rights | Investment | ● | ● |
Non-discrimination | ● | ● | |
Freedom of association and collective bargaining | ● | ● | |
Child labor | ● | ● | |
Forced or compulsory labor | ● | ● | |
Human rights assessment | ● | ● | |
Human rights grievance mechanism | ● | ● | |
Preventing corruption | Anti-corruption | ● | ● |
Maximizing economic performance | Economic performance | ● | ● |
KPI Formulation
Casio investigated key performance indicators (KPI) with reference to the specified material issues, in order to enable the responsible departments to evaluate their initiatives quantitatively. With the approval of the CSR Officer, the KPI were finalized, and efforts are underway in fiscal 2017 to ensure high performance.
* For more information on KPI, see "KPI and Performance" above.
Casio continually worked to improve its efforts to address conventional material issues up through fiscal 2021. Likewise, in fiscal 2021, the company plans to continue addressing its current material issues, as well as reviewing the overall approach it takes to material issues, taking into consideration the shifts occurring in the way materiality is viewed in today’s social context.