Sustainability Promotion System

Basic approach and policy

We have formulated CSR policies to guide the corporate social responsibility initiatives that the T. Hasegawa Group has traditionally pursued, and we are promoting these efforts through a company-wide implementation framework.

Formulation of CSR Policies

Based on the CSR activities that we have been conducting and our support for the IFRA-IOFI Sustainability Charter and the UN Global Compact, we considered our materiality from two aspects of solving social challenges (contributing through our business processes and contributing through our products), and we have established six CSR policies.

CSR Policies: Formulation process and regular review

We formulate CSR Policies by considering materiality from the viewpoint of the Group and its stakeholders and then obtaining approval from the Strategy Committee, which consists of the representative director and senior vice presidents appointed by the representative director. Any future change to the CSR Policies must also be approved by the Strategy Committee.

Process of CSR Policy Formulation and Regular Review

Governance

Development of a sustainability promotion system

In order to contribute to creating new value and inspiration through a wide range of technologies that are not limited to flavors and fragrances with the aim of contributing to a richer and more fulfilling life, we strengthen sustainability initiatives and ensure thorough risk management while capturing business opportunities through innovation.

The person in charge of sustainability in the Company is the CEO. Under this framework, we have established a Sustainability Committee to strategically promote sustainability initiatives, including matters stated in the CSR Policy and ESG, across the entire Group. The Committee develops group-wide business strategies related to sustainability, and deliberates and resolves important matters, including initiative details. Matters deliberated by the Sustainability Committee are referred and reported to the Strategy Committee and the Board of Directors as necessary. In addition, we delegate authority to related divisions depending on the matter.

Sustainability promotion system chart

Overview of the Sustainability Committee

Objective

The objective of the Sustainability Committee is to strategically promote sustainability initiatives, including matters stated in the CSR Policy and ESG, across the entire Group.

Sustainability committee members
Chairperson

Officer in charge or deputy officer in charge of internal management control

Committee members

Committee members appointed by the Chairperson upon recommendation from the officers in charge of each division

Secretariat

Corporate Planning Division and the CSR Division

Activities in FY2024

In FY2024, the Sustainability Committee met twice.
The committee reviewed the CSR policies, discussed the addition of SDGs icons, and deliberated on the publication of the Sustainability Report.

Strategies

Relationship between the CSR Policies, risks, opportunities, and business strategies

Relationship between the CSR Policies, risks, opportunities, and business strategies

Indicators and targets

We set out KPIs and to confirm their progress in an attempt to effectively work on the CSR Policies (materiality).

Indicators and targets

For ESG data other than the above, please refer to the T. Hasegawa Group ESG Data Book (PDF) .

Stakeholder engagement

Our Group views all organizations and people involved in the Group’s value creation as stakeholders. We consider engaging in dialogue with stakeholders to be important and focus on gaining their trust.

Stakeholder engagement

Involved initiatives

The Group is actively and continuously engaged in sustainability initiatives to contribute to the creation of a sustainable society where people can enjoy richer and healthier lives.

IFRA-IOFI Signing the IFRA-IOFI Sustainability Charter

We have already joined the Japan Flavor & Fragrance Materials Association (JFFMA), which is a member of the International Fragrance Association (IFRA). We are also a member of the International Organization of the Flavor Industry (IOFI). We contribute to various activities of these organizations on sustainability, including securing the safety of flavors and fragrances directly and by participating in JFFMA’s activities.

The IFRA and the IOFI share a common belief that establishing sustainability activities in a corporate business strategy is essential to achieving a prosperous and sustainable future. This shared belief is defined in the Sustainability Charter. We emphasize sustainability the most and have been conducting various activities. We signed the Sustainability Charter on March 31, 2020, to express such activities as our commitment at a high level. To achieve a sustainable society, we will work on the following five domains stipulated in the Sustainability Charter.

IFRA-IOFI Sustainability Charter
  1. Ensure responsible sourcing throughout the value chain.
  2. Reduce our industries’ environmental footprint and address climate change.
  3. Enhance the well-being of employees and ensure a rewarding labor environment.
  4. Be at the leading edge of product safety.
  5. Be transparent and a reliable partner for society.

Signing the UN Global Compact

T. Hasegawa signed the UN Global Compact, an initiative advocated by the UN, and was registered as a participating company on August 24, 2020. On the same day, we also joined the Global Compact Network Japan, a local network of UN Global Compact participants in Japan.

The UN Global Compact is a global framework for realizing sustainable growth. It encourages participating companies and organizations to commit to responsible and creative leadership and to serve as positive members of society.

We support the ten principles of “Human Rights, Labour, Environment and Anti-Corruption” outlined in the UN Global Compact. T. Hasegawa will continue to promote responsible management for all stakeholders in order to create a sustainable world.

UNGC 10Principles
Human Rights

Principle 1 : Businesses should support and respect the protection of internationally proclaimed human rights.
Principle 2 : Businesses should make sure that they are not complicit in human rights abuses.

Labour

Principle 3 : Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining.
Principle 4 : The elimination of all forms of forced and compulsory labour.
Principle 5 : The effective abolition of child labour.
Principle 6 : The elimination of discrimination in respect of employment and occupation.

Environment

Principle 7 : Businesses should support a precautionary approach to environmental challenges.
Principle 8 : Undertake initiatives to promote greater environmental responsibility.
Principle 9 : Encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

Principle 10 : Businesses should work against corruption in all its forms, including extortion and bribery.

UN Global Compact logo

EcoVadis Rating

The T. Hasegawa Group has received high evaluations in the annual CSR (Corporate Social Responsibility) assessment conducted by EcoVadis (headquartered in France). In FY2023, we were awarded a Bronze Medal, and in FY2024, we received a Commitment Badge.

CDP Rating

The T. Hasegawa Group responds to the CDP questionnaires, and in FY2024, received a score of Management Level (B) for both Climate Change and Water Security.

Main organizations and initiatives

We support and participate in a wide range of global sustainability initiatives.

  • United Nations Global Compact (UNGC)
  • IFRA-IOFI Sustainability Charter
  • International Fragrance Association (IFRA)
  • International Organization of the Flavor Industry (IOFI)
  • Roundtable on Sustainable Palm Oil (RSPO)
  • Japan Sustainable Palm Oil Network (JaSPON)
  • Task Force on Climate-Related Financial Disclosures (TCFD)
  • Task Force on Nature-Related Financial Disclosures (TNFD)
  • CDP
  • EcoVadis
  • Sedex
  • Japan Chemical Industry Association
  • Japan Flavor & Fragrance Materials Association
CDPマーク