Toyo Seikan Group Holdings Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

We established the Group Sustainability Committee to oversee the sustainability-related activities of the entire Group, and regard the organization as a key committee of the Group along with the Group Risk and Compliance Committee. The Group Sustainability Committee is composed of the Company's President as the chairman and executives from the Group responsible for business and corporate affairs, and it meets four times a year. The committee discusses matters related to the implementation of sustainability management. It manages current progress in achieving plans and targets and develops new measures after reviewing plans in light of social and international circumstances, legal and regulatory trends, and changes in the external environment. Through ESG working groups placed under the committee's supervision, it shares and acts on matters before the committee with responsible officers and supervisory departments at each company. The activities of the Group Sustainability Committee are reported to and supervised by the Board of Directors without delay after the committee meeting. In FY2021, we introduced a performance-linked equity compensation plan for directors (excluding outside directors). As part of the basis for calculating the amount of equity compensation, the plan uses a sustainability index, which is determined by taking account of the general progress on sustainability initiative targets and other ESG-related activities, including climate change targets (for details, see "Indicators and targets"). Under this plan, the Company provides uniform treatment of management and execution, in order to enhance its sustainability efforts including climate change adaptation.

https://www.tskg-hd.com/en/sustainability/environment/decarbonization/

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023