Toray Group Corporate Social ResponsibilityManagement Strategies and CSR

In order to achieve sustainable growth, corporations must do business in a way that earns the broad trust of stakeholders. To live up to its philosophy, the Toray Group implements its management strategies hand-in-hand with its efforts to fulfill social responsibilities.

Link Management Strategies and CSR

The Toray Group executes management strategies in order to remain a corporate group that continually expands its revenues and profits, guided by the long-term corporate vision, AP-Growth TORAY 2020, which was launched in April 2011. The Group began executing the medium-term management program, Project AP-G 2019, in April 2017, to pursue innovation and proactive management in order to deliver on the long-term corporate vision.

Project AP-G 2019 sets the three basic strategies along with five key initiatives to expand businesses, while stressing the importance of practicing social responsibility with a commitment to safety, accident prevention, environmental preservation, corporate ethics, and legal compliance. Meanwhile, the Group has set out the Sixth CSR Road Map, which covers the same time frame as Project AP-G 2019, based on its corporate philosophy to expand its efforts to realize value creation and ensure more robust environmental, social and governance (ESG) performance.

In July 2018, the Toray Group Sustainability Vision was established. It describes the world as envisioned by the Group and includes quantitative targets to achieve by fiscal 2030. The Group integrates its management strategies, the CSR Road Map, and the Sustainability Vision to drive the progress of its initiatives.

 

Main Points of Project AP-G 2019

Three basic strategies
  1. 1. Business expansion in growth business fields
Specific measures
  1. Make a strong, comprehensive push to create new demand and expand business as a group-wide project.
  2. Capitalize on revenue opportunities in growth countries and regions.
  3. Secure total cost reductions, strengthen the profit structure, and strengthen sales and marketing.
  1. 2. Expansion and advancement of global business
  1. 3. Strengthening competitiveness
Five key initiatives
  1. 1. New business creation
Specific measures
  1. Develop sources of revenue for the next stage of growth.
  2. Develop new technologies and materials.
  3. Execute 500 billion yen in capital investments.
  4. Amplify and supplement growth in existing businesses.
  5. Develop future management candidates; secure and develop core human resources.
  1. 2. R&D and intellectual property
  1. 3. Capital investment
  1. 4. M&A and business alliances
  1. 5. Human resources