Sustainability Report / Data Table / External Recognition

Since 2023, Foster Group has published an Integrated Report, a compilation of financial and non-financial information, as a tool to help you understand our medium- and long-term goals and strategies. This report is prepared for the purpose of enhancing the transparency of the Foster Group and strengthening our efforts to enhance the corporate value of the Foster Group and sustainable growth through dialogue with our stakeholders. We hope you will find this report useful in deepening your understanding of our company.



Please click here for more details on the Integrated Report.


GRI content index

GRI content index

Statement of use

Foster Electric Company, Limited has reported in accordance with the GRI Standards for the period from April 1, 2022 to March 31, 2023.

GRI 1 used

GRI 1: Foundation 2021

Applicable GRI Sector Standard(s)

-

GRI 2: General Disclosures 2021

GRI Standards Disclosures Where the information is disclosed
No. Disclosure item Refer to This report and corporate website

1. The organization and its reporting practices

2-1 Organizational details P.61
-

Corporate Overview / Stock Information

Securities Report (available in Japanese)

2-2 Entities included in the organization’s sustainability reporting -

Securities Report (available in Japanese)

2-3 Reporting period, frequency and contact point P.1
-

Contents/Editorial Policy

Securities Report (available in Japanese)

2-4 Restatements of information P.53-58

Non-financial Data

(Information including changes in scope is disclosed.)

2-5 External assurance -

-

(External assurance not received)

2. Activities and workers

2-6 Activities, value chain and other business relationships P.10
P.32-35
-

Foster’s Business

Initiatives on Social and Relationship Capital

Securities Report (available in Japanese)

2-7 Employees P.53-60
-

Non-financial Data

Securities Report (available in Japanese)

2-8 Workers who are not employees P.53-60
-

Non-financial Data

Securities Report (available in Japanese)

3. Governance

2-9 Governance structure and composition P.43-48
P.49
-
-

Governance

Officers

Securities Report (available in Japanese)

Corporate Governance Guidelines (available in Japanese)

2-10 Nomination and selection of the highest governance body P.43-48
P.49
-

Governance

Officers

Securities Report (available in Japanese)

2-11 Chair of the highest governance body P.43-48
P.49
-

Governance

Officers

Securities Report (available in Japanese)

2-12 Role of the highest governance body in overseeing the management of impacts P21-25
P.26-27
P.43-48
-
-

Foster Electric’s Sustainability

Initiatives on Natural Capital: (1)TCFD

Governance

Securities Report (available in Japanese)

Corporate Governance Guidelines (available in Japanese)

2-13 Delegation of responsibility for managing impacts P.21-25
P.43-48

Foster Electric’s Sustainability

Governance

2-14 Role of the highest governance body in sustainability reporting P.21-25

Foster Electric’s Sustainability

2-15 Conflicts of interest P.49
-
-

Officers

Securities Report (available in Japanese)

Corporate Governance Guidelines (available in Japanese)

2-16 Communication of critical concerns P.43-48
P.53-60

Governance

Non-financial Data

2-17 Collective knowledge of highest governance body P.21-25
P.53-60

Foster Electric’s Sustainability

Non-financial Data

2-18 Evaluation of the performance of the highest governance body P.43-48
-

Governance

Securities Report (available in Japanese)

2-19 Remuneration policies P.43-48
-

Governance

Securities Report (available in Japanese)

2-20 Process to determine remuneration P.43-48
-

Governance

Securities Report (available in Japanese)

2-21 Annual total compensation ratio -

-

4. Strategy, policies and practices

2-22 Statement on sustainable development strategy P.5
P.21

Message from the CEO

Foster Electric’s Sustainability

2-23 Policy commitments P.21-25
P.28-31
-
-

Foster Electric’s Sustainability

Initiatives on Natural Capital: (2) Environment

Corporate Action Guidelines

Code of conduct for staff

2-24 Embedding policy commitments P.21-25
P.32-35

Foster Electric’s Sustainability

Initiatives on Social and Relationship Capital

2-25 Processes to remediate negative impacts P.43-48

Governance

2-26 Mechanisms for seeking advice and raising concerns P.43-48

Governance

2-27 Compliance with laws and regulations P.53-60

Non-financial Data

2-28 Membership associations -

-

5. Stakeholder engagement

2-29 Approach to stakeholder engagement P.36-42

Efforts on Human Capital

2-30 Collective bargaining agreements -

-

GRI 3: Material Topics 2021

GRI Standards Disclosures Where the information is disclosed
No. Disclosure item Refer to This report and corporate website

3-1 Process to determine material topics P.21-25

Foster Electric’s Sustainability

3-2 List of material topics P.21-25

Foster Electric’s Sustainability

3-3 Management of material topics P.21-25
P.26-31
P.32-35
P.36-42
P.43-48

Foster Electric’s Sustainability

Initiatives on Natural Capital

Initiatives on Social and Relationship Capital

Efforts on Human Capital

Governance

Economy

GRI Standards Disclosures Where the information is disclosed
No. Disclosure item Refer to This report and corporate website
GRI 201:
Economic Performance 2016
201-1 Direct economic value generated and distributed -

Securities Report (available in Japanese)

201-2 Financial implications and other risks and opportunities due to climate change P.53-60

Non-financial Data

201-3 Defined benefit plan obligations and other retirement plans -

Securities Report (available in Japanese)

201-4 Financial assistance received from government -

201-4-a、201-4-b
ii. Subsidies
Total amount of employment adjustment subsidy and other subsidies received at sites in Japan and South Korea: ¥75 million (Japan: ¥66 million, South Korea: ¥8 million)

GRI 202:
Market Presence 2016
202-1 Ratios of standard entry level wage by gender compared to local minimum wage P.53-60

Non-financial Data

202-2 Proportion of senior management hired from the local community P.53-60

Non-financial Data

GRI 203:
Indirect Economic Impacts 2016
203-1 Infrastructure investments and services supported P.42

Social Contribution and Philanthropy

203-2 Significant indirect economic impacts -

-

GRI 204:
Procurement Practices 2016
204-1 Proportion of spending on local suppliers P.53-60

Non-financial Data

GRI 205:
Anti-corruption 2016
205-1 Operations assessed for risks related to corruption P.53-60

Non-financial Data

205-2 Communication and training on anti-corruption policies and procedures. P.32-35
P.53-60

Initiatives on Social and Relationship Capital

Non-financial Data

205-3 Confirmed incidents of corruption and actions taken -

-

GRI 206:
Anti-competitive Behavior 2016
206-1 Legal actions for anti-competitive behavior, anti-trust, and monopoly practices -

-

GRI 207:
Tax 2019
207-1 Approach to tax P.48

Our Stance on Tax Matters

207-2 Tax governance, control, and risk management -

-

207-3 Stakeholder engagement and management of concerns related to tax -

-

207-4 Country-by-country reporting -

Securities Report (available in Japanese)

Environment

GRI Standards Disclosures Where the information is disclosed
No. Disclosure item Refer to This report and corporate website
GRI 301:
Materials 2016
301-1 Materials used by weight or volume -

-

301-2 Recycled input materials used P.53-60

Non-financial Data

301-3 Reclaimed products and their packaging materials -

-

GRI 302:
Energy 2016
302-1 Energy consumption within the organization P.53-60

Non-financial Data

302-2 Energy consumption outside of the organization -

-

302-3 Energy intensity P.53-60

Non-financial Data

302-4 Reduction of energy consumption P.53-60

Non-financial Data

302-5 Reductions in energy requirements of products and services P.30

Environmentally Friendly Products

GRI 303:
Water and Effluents 2018
303-1 Interactions with water as a shared resource P.29

Environmental Activities

303-2 Management of water discharge-related impacts P.29

Environmental Activities

303-3 Water withdrawal P.53-60

Non-financial Data

303-4 Water discharge P.53-60

Non-financial Data

303-5 Water consumption P.53-60

Non-financial Data

GRI 304:
Biodiversity 2016
304-1 Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas -

-

304-2 Significant impacts of activities, products, and services on biodiversity -

-

304-3 Habitats protected or restored -

-

304-4 IUCN Red List species and national conservation list species with habitats in areas affected by operations -

-

GRI 305:
Emissions 2016
305-1 Direct (Scope 1) GHG emissions P.53-60

Non-financial Data

305-2 Energy indirect (Scope 2) GHG emissions P.53-60

Non-financial Data

305-3 Other indirect (Scope 3) GHG emissions P.53-60

Non-financial Data

305-4 GHG emissions intensity P.53-60

Non-financial Data

305-5 Reduction of GHG emissions P.53-60

Non-financial Data

305-6 Emissions of ozone-depleting substances (ODS) -

-

305-7 Nitrogen oxides (NOx), sulfur oxides (SOx), and other significant air emissions -

-

GRI 306:
Waste 2020
306-1 Waste generation and significant waste-related impacts -

-

306-2 Management of significant waste-related impacts -

-

306-3 Waste generated P.53-60

Non-financial Data

306-4 Waste diverted from disposal -

-

306-5 Waste directed to disposal P.53-60

Non-financial Data

GRI 308:
Supplier Environmental Assessment 2016
308-1 New suppliers that were screened using environmental criteria P.53-60

Non-financial Data

308-2 Negative environmental impacts in the supply chain and actions taken -

No “Negative environmental impacts in the supply chain and actions taken,” according to the results of CSR self-assessments containing these questions

Social

GRI Standards Disclosures Where the information is disclosed
No. Disclosure item Refer to This report and corporate website
GRI 401:
Employment 2016
401-1 New employee hires and employee turnover P.53-60

Non-financial Data

401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees P.53-60

Non-financial Data

401-3 Parental Leave P.53-60

Non-financial Data

GRI 402:
Labor/Management Relations 2016
402-1 Minimum notice periods regarding operational changes -

The minimum notices are given according to the law of the countries / regions.

GRI 403:
Occupational Health and Safety 2018
403-1 Occupational health and safety management system P.40-41

4. Health and Safety

403-2 Hazard identification, risk assessment, and incident investigation P.40-41

4. Health and Safety

403-3 Occupational health services P.40-41

4. Health and Safety

403-4 Worker participation, consultation, and communication on occupational health and safety P.40-41

4. Health and Safety

403-5 Worker training on occupational health and safety P.40-41

4. Health and Safety

403-6 Promotion of worker health P.39
P.40-41

3. Labor (Labor Practices and Decent Work)

4. Health and Safety

403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships P.40-41

4. Health and Safety

403-8 Workers covered by an occupational health and safety management system P.40-41

4. Health and Safety

403-9 Work-related injuries P.40-41
P.53-60

4. Health and Safety

Non-financial Data

403
-10
Work-related ill health P.40-41
P.53-60

4. Health and Safety

Non-financial Data

GRI 404:
Training and Education 2016
404-1 Average hours of training per year per employee P.53-60

Non-financial Data

404-2 Programs for upgrading employee skills and transition assistance programs P.36-37

1. Human Resource Development

404-3 Percentage of employees receiving regular performance and career development reviews P.53-60

Non-financial Data

GRI 405:
Diversity and Equal Opportunity 2016
405-1 Diversity of governance bodies and employees P.53-60

Non-financial Data

405-2 Ratio of basic salary and remuneration of women to men P.53-60

Non-financial Data

GRI 406:
Non-discrimination 2016
406-1 Incidents of discrimination and corrective actions taken -

-

GRI 407:
Freedom of Association and Collective Bargaining 2016
407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk -

No “Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk,” according to the results of CSR self-assessments containing these questions

GRI 408:
Child Labor 2016
408-1 Operations and suppliers at significant risk for incidents of child labor -

No “Operations and suppliers at significant risk for incidents of child labor,” according to the results of CSR self-assessments containing these questions

GRI 409:
Forced or Compulsory Labor 2016
409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labor -

No “Operations and suppliers at significant risk for incidents of forced or compulsory labor,” according to the results of CSR self-assessments containing these questions

GRI 410:
Security 2016
410-1 Security personnel trained in human rights policies or procedures P.53-60

Non-financial Data

GRI 411:
Rights of Indigenous Peoples 2016
411-1 Incidents of violations involving rights of indigenous peoples -

-

GRI 413:
Local Communities 2016
413-1 Operations with local community engagement, impact assessments, and development programs P.42

Social Contribution and Philanthropy

413-2 Operations with significant actual and potential negative impacts on local communities -

-

GRI 414:
Supplier Social Assessment 2016
414-1 New suppliers that were screened using social criteria P.53-60

Non-financial Data

414-2 Negative social impacts in the supply chain and actions taken -

No “Negative social impacts in the supply chain and actions taken,” according to the results of CSR self-assessments containing these questions

GRI 415:
Public Policy 2016
415-1 Political contributions P.53-60

Non-financial Data

GRI 416:
Customer Health and Safety 2016
416-1 Assessment of the health and safety impacts of product and service categories -

-

416-2 Incidents of non-compliance concerning the health and safety impacts of products and services P.53-60

Non-financial Data

GRI 417:
Marketing and Labeling 20166
417-1 Requirements for product and service information and labeling -

-

417-2 Incidents of non-compliance concerning product and service information and labeling P.53-60

Non-financial Data

417-3 Incidents of non-compliance concerning marketing communications P.53-60

Non-financial Data

GRI 418:
Customer Privacy 2016
418-1 Substantiated complaints concerning breaches of customer privacy and losses of customer data P.53-60

Non-financial Data

External Recognition

Japan

New Diversity Management Selection 100 (fiscal 2017)

March 2018: Recognized for our activities to promote diversity and achieve work-life balance, we were selected as one of the winners of the New Diversity Management Selection 100 (fiscal 2017) by the Ministry of Economy, Trade and Industry.

Top 100 Telework Pioneers (fiscal 2018)

November 2018: To realize a flexible workstyle using ICT that fits individuals’ lifestyles and is free from restrictions such as time and place, we have introduced the work-at-home program and implemented initiatives to establish the environment. Evaluated for such activities, we were selected as one of the winners of the Top 100 Telework Pioneers (fiscal 2018) by the Ministry of Internal Affairs and Communications.

“Kurumin” Certification (obtained in 2021)

January 2021: We have been working to enhance programs for helping employees balance work and family life. These efforts are aimed at creating an environment where employees with small children can work with peace of mind, in accordance with the Act on Advancement of Measures to Support Raising Next-Generation Children. Because of these initiatives, we were granted the “Kurumin” Certification by the Minister of Health, Labour and Welfare in January 2021, recognized as a company supporting childcare. We received this certification for the second time following 2014.

2023 Health & Productivity Management Outstanding Organization (Large Enterprise Category)

March 2023: Recognized for our initiatives that consider employee’s health from the management perspective and practice it strategically, we were certified as one of the winners of the 2023 Health & Productivity Management Outstanding Organizations (Large Enterprise Category) by the Ministry of Economy, Trade and Industry and Japan Health Council for the fifth consecutive year since 2019.
(Certified as White 500 in 2019)

Certification of Excellent Company in Health: Gold Accreditation

January 2023: Highly evaluated for our active initiatives to realize health and productivity management, we received the Certification of Excellent Company in Health: Gold Accreditation from the Tokyo Promotion Council for Healthy Company Declaration in December 2018. The certification has since been renewed every year.

Selected as a constituent of S&P/JPX Carbon Efficient Indices by the Government Pension Investment Fund (GPIF)

We have been selected as a constituent of the S&P/JPX Carbon Efficient Index (evaluated based on the disclosure status and results of CO2 emissions data), for the sixth consecutive year, an ESG index which was adopted by the GPIF since 2018.

Selected as a constituent of SOMPO Sustainability Index (fiscal 2022)

March 2022: We have been selected as a constituent of the SOMPO Sustainability Index, which is operated by Sompo Asset Management Co., Ltd., for the seventh consecutive year. The index places weight on the ESG evaluation by rating firms.

Global

CDP

December 2022: We received “B-: Management Level” both for Climate Change and Water Security category for the 2022 survey by CDP, a British non-profit organization that evaluates and discloses information on organization’s environmental management. (CDP applies an eight-point scale consisting of A, A-, B, B-, C, C-, D, and D-.)

EcoVadis

February 2022: We received Gold recognition from EcoVadis, France in recognition of our sustainability initiatives in the CSR assessment to evaluate suppliers based on the following categories: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

Surveys from External Organizations

The Foster Group responds sincerely to the CSR and ESG surveys received from external investigatory bodies.
In fiscal 2022, we responded to a total of eight surveys, including the survey for the Toyo Keizai CSR Ranking, the Nikkei SDGs Management Survey, the Nikkei Smart Work Management Survey, and a survey on socially responsible investments by The Good Bankers Co., Ltd. We will continue to respond to survey requests from external investigatory bodies with sincerity and make use of the survey results and what we learn from the surveys in initiatives to enhance the corporate value of the Foster Group.