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Message from the Executive in charge of Sustainability

Advancing sustainability management for a dynamic, sustainable future. Masayasu Toyohara Representative Executive Officer Corporate Senior Executive Vice President

Our thinking on sustainability is inspired by our basic commitment, Committed to People, Committed to the Future. and our sustainability policy puts that into practice. The start point of Our Purpose is an unwavering desire for a better world, and inspired by this conviction we contribute to solving social issues through our business.

In recent years, population growth, resource depletion, environmental destruction, poverty inequality, human rights issues, all issues represented in the SDGs, have increasingly become a threat to society as a whole. The environment in which Toshiba Group operates has changed significantly, and with it the values and concerns of our stakeholders. I feel that companies are increasingly expected to help solve these major issues. We are responding positively to this global movement for sustainability. By bringing together the creativity and technical capabilities that we have long cultivated, and under the Toshiba Next Plan, we want to provide sustainable products and services that enrich people's lives. Moving forward, we will promote technological innovation and create value that can only be realized by Toshiba Group.

Climate change is clearly having an ever stronger impact, and we are accelerating our efforts in this area as one of management’s major concerns. In FY2019 we expressed our support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)*1, and we are committed to making proactive disclosures on the business risks and opportunities associated with climate change. In FY2020, we reviewed our conventional environmental vision, Environmental Vision 2050, and updated and reformulated it as Environmental Future Vision 2050. Our greenhouse gas reduction targets for FY2030, part of the Vision for achieving the 2050 goal, have been approved by the Science Based Targets (SBT) initiative*2. Going forward, we will continue to contribute to the realization of a decarbonized society.

2020 has been the year of the coronavirus. It has hit society hard, and the corporate world too. Toshiba Group’s basic policy is to prioritize the safety of our customers, business partners, members of local communities, and our employees and their families. At the same time, we are also doing all we can to fulfil our social responsibilities as an infrastructure company. The coronavirus has forced us to adopt new lifestyles and make behavioural changes in the way we work. As work styles change, it will be increasingly important to create a work environment in which diverse human resources can feel comfortable and fully demonstrate their individuality and powers of innovation.

In fact, we intend to further advance initiatives to promote diversity and inclusion, with the aim of fostering a corporate culture that recognizes all kinds of diversity, including employees from overseas, with disabilities and in sexual minorities. In addition, from FY2020 we have introduced a new evaluation system that encourages employees to increase their productivity and create value by ensuring that they are properly evaluated and treated. Also, in order for Toshiba Group to continue to be a sustainable company, we want to respect the human rights of our employees and strengthen our efforts to consider the human rights of those involved in our business, throughout the supply chain.

Toshiba Group signed the United Nations Global Compact in 2004. By observing its 10 principles, covering the four fundamentals of human rights, labor, the environment, and anti-corruption, we will continue to promote corporate activities by building ethical and transparent management foundations. In order to clarify what needs to be done, and to meet our purpose and turn on the promise of a new day, we will continue to hold dialogues with all of our stakeholders and to advance sustainability management, toward realizing the sustainable and dynamic societies of 20 and 30 years from now that Toshiba Group aims to achieve.

  • *1: The TCFD is an organization established by the Financial Stability Board (FSB) in 2015 where financial institutions and companies discuss the climate change issue from the perspective of financial stability.
  • *2: Science-based targets are scientifically grounded GHG reduction targets set by companies on a medium- to long-term basis in order to keep the global average temperature increase this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. Science-based targets are validated by the SBT initiative.

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