We have established a new concept from this report, in order to communicate Toyal’s sustainability initiatives to stakeholders in a clearer and more easy-to-understand way. Our concept for fiscal 2025 is: “things we can do for the future.” This concept was created by the Sustainability Promotion Working Group, a cross-departmental group primarily comprised of young employees, and it indicates our desire that in order to create a better “future,” we will go beyond business and sustainability activities as a company, such that each and every Toyal team member will tackle these activities on a daily basis with more flexible ideas. This approach is also aligned with “Establishing New Social Norms,” our Mission in Toyal’s Mission, Vision, Value (MVV).
Last fiscal year, as part of our promotion of sustainability management, one area where we made substantial progress was respect for human rights. Based on our “Human Rights Policy” formulated in fiscal 2023, we have begun implementing human rights due diligence, and have been strengthening initiatives aimed at reducing human rights risk. The Sustainability Committee held a lecture on human rights, which I attended, as well as the other officers and leaders of divisions. I learned a great deal from this lecture, and was reminded of the importance of enhancing awareness of human rights among each and every employee to ensure that diverse human capital, particularly women and non-Japanese nationals, can actively participate. In addition to human rights initiatives, we will also further promote diversity and inclusion, to ensure that diverse human capital can actively participate, as part of our aim to become a highly diverse company.
It will also be important that we enhance our working environment from an infrastructure perspective to ensure that diverse human capital can actively participate.
In terms of capital investment, in addition to production facilities for growth businesses and new products, we will also make steady improvements to benefit facilities, thus creating an environment where all employees can work with peace of mind.
To ensure that they can work with peace of mind, it will be essential that we demonstrate our future vision for the company. At present, we are formulating long-term goals targeting 2031, which will be the 100th anniversary of Toyal’s founding. This plan was mainly proposed by young employees and mid-level employees in the Corporate Division, and is being established following several self-directed discussions with headquarters.
As part of efforts to create a “fourth pillar” in anticipation of a sustainable future, in addition to our three existing businesses, we are actively promoting the “Three New Activities” (new technologies, new products, and new markets), and these efforts are gradually beginning to bear fruit. In each headquarters, we are setting quantitative targets, including for the Three New Activities. Furthermore, we are also holding discussions aimed at setting qualitative targets to contribute to the achievement of a sustainable society as a company.
Since fiscal 2021, Toyal has been focusing on OKR (Objectives and Key Results) activities, in order to encourage employees to take the initiative in their activities.
We will make our slogan, “Join Together to Shape the Future,” a reality, by ensuring that each and every employee thinks about “things we can do for the future” and takes action accordingly, while prioritizing dialogue and utilizing the results of OKR activities to encourage self-directed activities.
