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- Sustainability of the Taisei Group
Sustainability Management Framework
The Taisei Group operates under the Group Philosophy of “to create a vibrant environment for all members of society,” as well as three tenets of the “Taisei Spirit”: “Active and Transparent Culture,” “Value Creation,” and “Evolution of Tradition” in pursuit of the Group Philosophy. The Taisei Group’s Fundamental Sustainability Policy is to realize “sustainability transformation (SX)” by addressing sustainability challenges through businesses centered on the construction industry. The goal is to contribute to the development of a resilient society where people can live affluent and cultured lives.
Through our business activities, by producing quality social capital and addressing the challenges faced by our clients and society, we aim to foster a cycle of increasing both corporate and social value. Our aspiration is to achieve sustainable growth alongside society.
Sustainability Management Promotion System
The Sustainability Committee has been set up as a committee within the Board to bolster sustainability management throughout the Group. This committee deliberates on significant policies and specific measures concerning sustainability challenges, enhancing the effectiveness of our initiatives.
Moreover, under the umbrella of the Management Committee, we have instituted various committees, such as the Sustainability Promotion Committee and the Personnel Committee, to discuss crucial matters related to sustainability, ensuring discussions are both timely and comprehensive.
To centralize responses to sustainability challenges, in April 2022, the Group founded the Sustainability Division (Integrated). Additionally, the chief of this division was appointed as the Company’s Chief Sustainability Officer (CSuO), amplifying our efforts to tackle these challenges.
Sustainability Management Promotion System Chart
Achievements of the Sustainability Committee in Fiscal 2023
The Sustainability Committee, Committee within the Board, was held three times – in August, December and February – in FY2023~(meetings in writing were included). The major deliberation items were as follows.
- Establishement of the CO2 emissions reduction targets for 2026 and 2030
- Prioritization of responses to the risk of Environmental Due Diligence
- Registration of the TNFD Recommendations as an Early Adopter
- Implementation reports on the Human Rights Due Diligence
- Confirmation of the operation status of the Action Guidelines for Taisei Personnel and the Taisei Group as a Whole and the Corporate Ethics Helpline System
Committee members
(As of June 20, 2024)
| Chairperson | External Member of the Board |
|---|---|
| Members | Three (3) Internal Members of the Board One (1) External Member of the Board |
| Observers | External Audit & Supervisory Board Member Chief of Sustainability Division (Integrated), Chief of Sustainability Management Promotion Division |
| Secretariat | Sustainability Management Promotion Division, Sustainability Planning Department |
Committees within the Board
The following Committees within the Board have been established and convened as necessary, as prior consultation bodies in order to invigorate and substantiate the deliberations by the Board.
Committees within the Board
(As of June 20, 2024)
| Name | Terms of reference | Name of authorized member | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Governance System Review Committee | To strengthen and expand the governance functions of our company and the Group as a whole | Chairperson | Atsuko NISHIMURA*1 | |||||||
| Vice- chairperson | Masahiko OKADA | |||||||||
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| Executive Personnel Committee | To ensure independence, objectivity and transparency in the appointment of Members of the Board and Executive Officers, etc. | Chairperson | Norio OTSUKA*1 | |||||||
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| Remuneration Committee | To ensure transparency in order to ensure independence, objectivity and transparency of executive compensation | Chairperson | Norio OTSUKA*1 | |||||||
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| Sustainability Committee | To strengthen and promote sustainability management of our company and the entire Group | Chairperson | Fumiya KOKUBU*1 | |||||||
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- ＊1External Member of the Board
- ＊2External Audit & Supervisory Board Member
Various Committees
For significant matters such as sustainability, corporate ethics, and technology strategies, specific committees develop policies and strategies and drive their respective initiatives. Below is an outline of the various committees associated with sustainability.
Overview of the Sustainability-Related Committees
| Category | Terms of reference | Committee chairperson | Meeting Frequency (FY2023) |
|---|---|---|---|
| 〈Committee within the Board〉 | |||
| Sustainability Committee | Strengthens and advances sustainability management within the Company and its entire Group. | External Member of Board | 3 / year* |
| 〈Management Committee〉 | Preliminary deliberation of items for the Board and decision-making on tasks delegated by the Board. | Chairperson: President | 1 / week |
| 〈Special Committees〉 | |||
| Compliance Committee | Upon receiving updates about compliance promotion, highlights issues in the compliance system, and suggests measures to fortify the system, including preventive actions against potential violations of laws and regulations | External Expert (Lawyer) | 3 / year |
| 〈Business Committees〉 | |||
| Technical Committee | Encourages innovative technical development, establishes and contemplate various measures, and monitors their execution. | President | 8 / year |
| Central Safety Committee | Discusses and advances matters concerning the Company’s safety management, prevention of environmental accidents, and guidance about safety, health, and environmental management for specialized contractors. | Chief of Safety Administration Division | 5 / year |
| Sustainability Promotion Committee | Discusses important environmental and social issues, shares information on sustainability management initiatives, and makes recommendations to the Management Committee | President | 3 / year |
| Risk Management Committee | Selection and deliberation of significant risks throughout the Company, and verification of the status of risk management for both company-wide critical risks and those risks that should be overseen as a headquarters. | Chief of Business Administration Division (CRO) | 1 / year |
| Central Labor Affairs Committee | Deliberates on the Company’s basic policies and advances various initiatives on labor issues, concerning professional contractors. | President | 1 / year |
| Digital Transformation (DX) Promotion Committee | Establishes, contemplates and monitors the progress of DX advancement measures. | Chief of Corporate Planning Office (CDO) | 9 / year |
| Personnel Committee | Discusses various personnel strategies and follows up and monitors their execution. | Executive Vice President | 17 / year |
- *Meetings of the Sustainability Committee held in writing were included.
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