Under our corporate philosophy of contributing to the development of a more secure society through a striving spirit and cooperative efforts, the Glory Group participates in realizing a sustainable society by addressing social issues and creating new value through advanced technologies and the core technologies developed.
In the 2023 Medium-Term Management Plan covering the fiscal 2021 to fiscal 2023, the Glory Group has set forth its Sustainability Policy and are working to contribute to the sustainable growth of society and enhance corporate value by solving various social issues through its business.
Contribute to the sustainable growth of society and promote measures to improve corporate value
The Group has established the Sustainability Committee to promote sustainability management.
Based on the management policies set out by the Board of Directors, the Sustainability Committee performs the following and reports the status of its activities to the Board of Directors on a regular basis.
(1) Deliberate on basic policies and plans as well as the internal promotion system for sustainability management
(2) Formulate annual key policies to promote sustainability initiatives
(3) Promote the initiatives based on the sustainability policy and monitor the progress
(4) Deliberate on whether to proceed with individual projects that fall under each activity group
The Sustainability Committee consists of the President, Inside Director who are not the members of the Audit and Supervisory Committee, Company Presidents, Executive General Manager, Managing or/and Senior Managing Executive Officers, and a person/s designated by the Committee Chairperson, and is chaired by the President.
Every employee in the Glory Group receives a copy of the Guidelines of GLORY handbook, which contains information such as the corporate philosophy, management creed, and the Corporate Action Guidelines. The handbook is available in eight different language versions to ensure that employees around the world have the shared understanding needed to realize Glory’s corporate philosophy. Glory also seeks to deepen employee understanding of sustainability through an e-learning program and the publication of sustainability-related information on its intranet.
Glory signed the United Nations Global Compact in March 2014. We believe that the ten principles of the four areas of human rights, labour, environment, and anti-corruption share common values with our Group’s Corporate Action Guidelines. By making various efforts based on these guidelines, the Glory Group will strive to realize its Corporate Philosophy while at the same time taking actions to address global challenges.
|Human rights||Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2: make sure that they are not complicit in human rights abuses.
|Labour||Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4: the elimination of all forms of forced and compulsory labour;
Principle 5: the effective abolition of child labour; and
Principle 6: the elimination of discrimination in respect of employment and occupation.
|Environment||Principle 7: Businesses should support a precautionary approach to environmental challenges;
Principle 8: undertake initiatives to promote greater environmental responsibility; and
Principle 9: encourage the development and diffusion of environmentally friendly technologies.
|Anticorruption||Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.|