The Maruha Nichiro Group's Medium-term Management Plan “For the Ocean, for Life MNV 2024”
Maruha Nichiro aims to create Maruha Nichiro Value (MNV) for all stakeholders in order to enhance enterprise value and achieve sustainable growth through the integration of management strategy and sustainability.
In the sustainability strategy in the Maruha Nichiro Group's Medium-term Management Plan "For the Ocean, for Life MNV2024” since FY2022, we have reviewed materiality and established KGIs (Ideal state by 2030) and KPIs for each materiality. The Maruha Nichiro Group has established promotion systems, including the Sustainability Committee, and will promote activities to realize materiality and achieve KPIs.
Management Structure
At the Maruha Nichiro Group, we established the "Sustainability Promotion Committee" in FY2018 to plan and set goals for overall Group environmental management, as well as to evaluate the activities of each Group company. Each Group company has designated environmental Managers and sustainability Officers to engage in activities tailored to their specific business characteristics.
At the Sustainability Promotion Committee meeting held in FY2023, the committee reported on the progress and issues related to each materiality set forth in the Medium-Term Management Plan. We also addressed our efforts in scenario analysis based on TCFD recommendations, as well as assessments of dependence on and impacts on natural capital in line with the TNFD framework, and our initiatives related to carbon footprints.
Maruha Nichiro Group Sustainability Promotion Structure
* Starting from the FY2024, the Chair of the Sustainability Committee is the Managing Executive Officer and Director, while the Representative Director, President & CEO has been revised as a member of the committee.
Overview of Sustainability Committee
Chairperson: Director and Managing Executive Officer
Secretariat: Sustainability Group, Corporate Planning Department
Frequency of meetings: Twice a year (ad hoc committee meetings held as necessary)
Committee Members: Executive Officers with concurrent position as Directors, Executive Officers in charge of related departments, and related Department Heads
Purpose: Verification and evaluation of progress status of the Medium-term Sustainable Management Plan for the Group overall, sharing issues and information
Sustainability Commitee Results for FY2023
In FY2023, the Sustainability Committee met four times to deliberate on the following agenda. The agenda items and details are distributed to responsible persons and persons in charge of environmental concerns of each Maruha Nichiro Corporation department and group company in an effort to share information with all employees.
Times Convened: 4
| Main agenda of the Sustainability Committee in FY2023 | Main agenda content |
|---|---|
| Progress on the Materiality of the Medium-Term Management Plan: "For the Ocean, for Life MNV2024” |
|
| Carbon Footprint (CFP) Initiatives |
|
| Animal Welfare |
|
| Reflection of Non-Financial Indicators in Personnel Evaluation |
|
Internal Dissemination Measures
Conducting Group Philosophy Training
Group Philosophy Training is a training program developed based on our experience that the Group Philosophy was not resonating with employees following the pesticide contamination incident at AQLI Foods in 2013. From FY2022, we updated the content of this training program with the aim of making the Group Philosophy more personal for employees. Instead of the Company unilaterally explaining the Group Philosophy, the purpose is to provide a space for each employee to independently consider the relationship and connection between their daily work and the Group Philosophy, and to further understand the philosophy as their own.
This Group philosophy training, which began in 2014, targets all employees of domestic Group companies and Maruha Nichiro Corporation. Led by executives from Maruha Nichiro, the philosophy training is conducted sequentially, and in FY2023, it was held in person.
