Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]In the current medium-term management plan we put into effect from FY 2021, we set "Tagging for Sustainability† as the next business model we would aim toward. The plan also defines our three growth strategies, one of which is to integrate ESG into our corporate model, specifically by lowering environmental impact, building on human resources and strengthening governance.
To ensure we infuse sustainability into our business growth efforts, we have included members from corporate planning and key business divisions into the Sustainability Promotion Committee, which reports directly to our Senior Executive Management Meeting and is overseen by our board of directors.
As this committee — led by the head of our Sustainability Promotion Division — discusses and formulates policies/plans for driving actions to address climate change and other sustainability priorities across the SATO Group, it will refer those matters that may significantly impact business strategies and management plans to the Senior Executive Management Meeting, providing reports and deliberation outcomes to facilitate top-level decision-making at the meeting.
The committee is also required to report regularly on its activities and progress to our board of directors through the Senior Executive Management Meeting. We have a non-executive internal director on the board (also chair of the aforementioned meeting) who has been appointed to lead discussions on climate change.