Sustainability｜Sustainability ManagementSustainability Promotion Structure
- Sustainability Promotion Structure
- In-house Awareness Raising
- Participation in Initiatives and Associations
Sustainability Promotion Structure
The Sustainability Promotion HQ, which was established under the direct authority of the President and CEO, cooperates and coordinates with each &headquarters functions to propose action policies and measures on sustainability.
In April 2023, TDK appointed a Chief People and Sustainability Officer (CPSO) as the officer (and member of the Executive Committee) responsible for human resources and sustainability. The CPSO works with the Sustainability Promotion HQ to promote TDK sustainability strategies that will lead to increased corporate value.
(Functions and Roles of the Sustainability Promotion HQ)
- Cooperate with regional headquarters in China, Europe, and the Americas to promote global action by business divisions, Group companies, and manufacturing sites.
- Monitor the status of action, disclose sustainability-related information, engage in dialogue with stakeholders, and take other action. Encourage improvement by providing feedback on identified issues to relevant parties within the company based on opinions obtained through dialogues with stakeholders and from promoting action.
- Report monthly on the progress of action to the President and CEO.
(Deliberation and Decisions on Sustainability)
- Following deliberation on company-wide issues and topics relating to sustainability, a report is made to the Board of Directors. Based on the report, the Board deliberates or adopts a resolution and performs supervision to ensure that appropriate action is taken.
*The Executive Committee is an advisory function made up of corporate officers and division heads appointed by the President and CEO. The committee deliberates on policy and measures relating to the execution of business by the Group including development, manufacturing, sales, and financial status, and the President and CEO makes final decisions.
In-house Awareness Raising
For the promotion of sustainability, the TDK Group believes it is important for every employee to understand the concept of sustainability, the background to the need for corporate initiatives, and TDK’s approach to sustainability activities and to incorporate them into their own work. Accordingly, we provide lecture-style training programs by job level, such as training for new recruits, as well as e-learning and other programs.
In addition, management and head office divisions engage in timely dialogue with asset managers, and the Sustainability Promotion HQ engages in dialogues with each business group to promote business development starting from the SDGs.
Starting in fiscal 2022, TDK has established a new Sustainability Award. The aim of this award is to commemorate the achievements, and encourage the future activities, of individuals, divisions, or business groups that are considered to have accomplished especially striking results in activities contributing to both society and the TDK Group toward the realization of Social Value, which is one of the three values in our Value Creation. Utilizing this award scheme, we are promoting within the Group challenges to product development stemming from social issues raised in the SDGs and activities leading to the reduction of ESG-related risks.
Participation in Initiatives and Associations
The TDK Group respects international norms and standards, such as the Universal Declaration of Human Rights, ISO 26000, the OECD Guidelines for Multinational Enterprises, the international labor standards of the International Labor Organization (ILO), and the United Nations Guiding Principles on Business and Human Rights (the “Ruggie Framework”), and promotes business with the aim of realizing the common global objectives cited in the SDGs. Furthermore, in editing and issuing our sustainability website, we comply with the Core option of the GRI Standards of the Global Reporting Initiative, the international standard.
Endorsement of the TCFD*
In May 2019 TDK expressed its support for the Task Force on Climate-related Financial Disclosures (TCFD), which makes recommendations for analyzing and disclosing information on the impact of climate change on corporate finance.*The Task Force on Climate-related Financial Disclosures (TCFD) was founded in 2015 by the Financial Stability Board (FSB), an international body seeking to achieve the stabilization of the financial system.
Membership of the RBA and RMI
In February 2020 the TDK Group joined the Responsible Business Alliance (RBA), the world’s largest industrial coalition dedicated to CSR in the global supply chain. The TDK Group fully supports the RBA’s vision and mission and, in accordance with the RBA’s code of conduct, makes continuous efforts to improve the human rights of workers, health and safety, and the environment in the TDK Group and primary suppliers.
Membership of Other Associations
TDK belongs to the following associations and promotes efforts to solve social issues that are difficult for a single company to tackle.
Click on the name of the organization to go to their website.