Initiatives for ESG Management
The Shindengen Group aims to enhance its medium- and long-term corporate value by incorporating environmental, social, and governance (ESG) perspectives into management and promoting the 16th Medium-Term Business Plan. In coordination with this plan, we will implement the four ESG material issues to contribute to the SDGs and address environmental and social challenges, thereby creating sustainable corporate value. Based on its ESG management concept, the Shindengen Group has established KPIs for each of the four ESG material areas and is managing progress toward achieving the SDGs by 2030.
Initiatives for the SDGs
In sync with the process for determining ESG materiality, the Shindengen Group has cross-referenced and examined its CSR focus areas and the 169 SDG targets, and through a series of dialogues with experts, has identified four key SDG targets. By promoting ESG management in coordination with the Medium-Term Business Plan, we aim to contribute to the achievement of the SDGs.
SDGs Materiality Medium-Term Targets and Assessments
Based on ESG management, the Shindengen Group has identified four SDGs materiality targets which it has set targets for and is working on in sync with the 16th Medium Term Business Plan. The Sustainability Committee conducted a three-stage self-assessment on the status of meeting those targets in FY 2023. We will periodically review our SDGs materiality targets.
Initiatives for SDGs Materiality Targets (up to FY 2024)
SDGs Target 7.3
Electricity, Fuel, and CO₂ Reductions from Environmentally Friendly Products Supplied in FY2024
In line with its corporate mission, the Shindengen Group provides a wide range of eco-friendly products including electronic devices, power management electronics products, and energy system products. We are maximizing energy conversion efficiency to contribute to energy conservation and promote the reduction of CO2 emissions.
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- New product MITUS AC charger for EVs (scheduled for release)
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SDGs Target 13.2
The Shindengen Group’s (Domestic) CO2 Emission Targets and Progress Made
The Shindengen Group is pursuing various measures to achieve carbon neutrality, including the generation and purchase of electricity derived from renewable energy sources.
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- Shindengen India solar power generation system
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SDGs Target 8.8
Shindengen Electric Manufacturing Co., Ltd.’s Occupational Accidents and Commuting Accidents Over the Past Five Years
The Shindengen Group is promoting the creation of a safe and secure working environment for its employees. We provide education and training bringing together local police and our employees with the aim of eliminating occupational and commuting accidents.
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- National Traffic Safety Campaign
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SDGs Target 11.b
Status of implementation Shindengen Electric Manufacturing Co., Ltd.’s education and training on business continuity
The Shindengen Group regards risk management and supply chain management after large-scale disasters and other incidents as one of its social responsibilities within the context of its business activities, and conducts education and training based on incident simulations.
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- Disaster prevention training at the Asaka Office
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17th Medium-Term Plan (FY2025–FY2027)
Non-Financial Initiatives and Medium- to Long-Term Goals
Under the 17th Medium-Term Business Plan (FY2025–FY2027), the Shindengen Group has reviewed certain materiality issues and newly established initiatives and targets in non-financial areas. In addition, we have clarified the SDG goals related to each initiative and positioned these activities as contributions to the SDGs. Going forward, we will continue to evaluate progress toward these targets annually and report the results on an ongoing basis.
