The TMEIC Group’s corporate philosophy is to build relationships of trust with customers and contribute to the sustainable development of global society as an industrial systems integrator. This philosophy has been in place since our earliest days and embodies the idea of sustainability that we espouse. In this sense, I believe it has a strong correlation with the tenets of the SDGs. As such, the SDGs serve as a guide to the direction of our activities in relation to our unchanging mission to resolve social issues through our corporate activities and to drive ongoing growth and development hand-in-hand with society and our customers. From this perspective, we used the SDGs as a guideline when we formulated four key challenges in fiscal 2019: “Realize a sustainable and resilient society,” “Pursue innovation to expand added value,” “Develop human resources and create an environment supporting corporate activities” and “Establish standards and rules that form the basis of sound corporate activities.”
Going forward, we will continue to develop sustainable activities and work to increase understanding of our corporate philosophy and these efforts among our different stakeholders and in society at large.
I ask for your continued guidance and support of TMEIC as we strive to achieve our goals.
The TMEIC Group’s corporate philosophy is to build relationships of trust with customers and contribute to the sustainable development of global society as an industrial systems integrator. This philosophy and the accompanying TMEIC Group's codes of conduct outline our approach to sustainability.
The Group recognizes that it has a social responsibility to help realize a society in which the environment and the economy are in harmony, and to develop technologies that support environmental protection. With this in mind, we have been undertaking initiatives that leverage our state-of-the-art technology and exceptional engineering capabilities so that our business activities contribute to the realization of a sustainable society. At the same time, we have endeavored to further gain the trust of customers and build better partnerships.
Following adoption of the Sustainable Development Goals (SDGs) by the United Nations in 2015, TMEIC has begun efforts to integrate the SDGs into management as a means to help achieve these goals. In fiscal 2019, we incorporated the SDGs as Group-wide guidelines and identified key challenges. Based on these critical areas, we will look to further strengthen ties with customers and continue taking on new challenges
TMEIC’s Key Challenges
All internal business divisions were involved in the process. Interviews were conducted to determine challenges and associated activities, and ensure that each of these are consistent with our management philosophy and medium-term management plan from the perspective of importance to the Company.
As a result, we put forward the following four themes as areas of critical importance.
- Realize a sustainable and resilient society
- Pursue innovation to expand added value
- Develop human resources and create an environment supporting corporate activities
- Establish standards and rules that form the basis of sound corporate activities
Going forward, we will set key performance indicators (KPIs) for each theme, regularly evaluate and re-identify the key challenges and continuously monitor each item through a Plan-Do-Check-Act (PDCA) cycle.
TMEIC’s Value Creation Story
TMEIC is building a business model aimed at creating value for customers and all other stakeholders.
Engineering capabilities plus motor and power electronics technology have become core competencies that are supported by our exceptional solutions business, global network and business assets, which have laid a solid platform for profit and value creation. Through the provision of products and services to customers, we seek to help achieve the SDGs and resolve other social issues as well as enhance value as a corporate group.
We believe that these efforts will enable us to build relationships of trust with customers and contribute to the sustainable development of global society as an industrial systems integrator, the ideal we advocate in our corporate philosophy.
Increase Awareness of SDGs Among Employees
We are taking concrete steps to increase awareness and understanding of the Group’s philosophy on sustainability set out in our corporate philosophy and the TMEIC Group's codes of conduct. Training is being provided to accelerate this. In fiscal 2019, prior to adopting the SDGs as a Group-wide guideline, we held workshops focused on the SDGs for employees, particularly division managers.
Realize a Sustainable and Resilient Society
Environmental problems such as climate change, resource depletion, pollution caused by chemical substances and loss of biodiversity are becoming increasingly serious each year. TMEIC recognizes its basic responsibility as a member of society to pass on our irreplaceable earth to the next generation in a healthy state. With this in mind, we aim to contribute to the sustainable development of society by reducing environmental burden in our business activities and providing products and systems that help minimize global environmental load. This philosophy has been codified in our Basic Environmental Policy, which is being implemented Company-wide as we go about our operations.
In terms of reducing environmental burden in our business activities, for instance, we are working to minimize CO2 emissions in the production process, control the use of regulated chemical substances and implement green procurement. In terms of products and systems that help minimize global environmental load, we are working on the technological development of items that contribute to the improvement of energy efficiency and the proliferation of renewable energy. In particular, we recognize that our key challenges lie in the fields of energy management as it relates to our products, the effective utilization of resources and response to climate change, so these are the areas we are focusing our activities on.
Pursue Innovation to Expand Added Value
The modern age is often referred to as the age of volatility, uncertainty, complexity and ambiguity (VUCA), in which economic and environmental changes occur at breakneck speed and the future is difficult to predict. TMEIC has embarked on initiatives to bring further innovation to all management activities in order to overcome various changes in the environment. To this end, we are making innovative improvements across the board, from sales and R&D to production and fundamental management foundations. In addition to providing high-value-added products and services, we will work to enhance corporate value as a company that plays an integral role for customers and society at large.
Develop Human Resources and Create an Environment Supporting Corporate Activities
TMEIC stipulates the importance of respecting basic human rights, creating a safe and comfortable work environment and providing ongoing education in the TMEIC Group's codes of conduct so that each employee can maximize his or her potential and play an active role.
Human resources that help drive innovation are seen as our greatest assets. Training personnel is a critical mission of our managers, with this being an ongoing Group-wide drive. Our education and training systems serve to enhance skills by providing a diverse curriculum befitting each employee’s level with a focus on rank and function. The development of global human resources is one of our priority issues, and in addition to opportunities to learn through our global training program in Japan, we also conduct overseas programs and interchanges to promote learning and personal growth.
Establish Standards and Rules That Form the Basis of Sound Corporate Activities
The TMEIC Group strives to ensure highly fair and transparent corporate activities, with exceptional corporate ethics and compliance as the basis for management. We aim to build a more effective corporate governance system by strengthening efforts in such areas as internal control, risk management and information management. At the same time, we attach great importance to protecting the interests of our business partners and all other stakeholders.
Sustainability Report
