Achieve a Sustainable Society and Sustainable Growth for TAMRON by Realizing Our Social Mission
Message from Shogo Sakuraba President & CEO
Based on its corporate mission of “creating emotion and reassurance through its mastery of light, contributing to the realization of a fulfilling society,” TAMRON aims to realize the sustainable society described in the SDGs together with all stakeholders.
In a rapidly changing social landscape, what TAMRON continues to pursue is to help shape a fulfilling society through optical products.
Our social mission is to bring excitement and reassurance to all stakeholders through mastering optical technologies and products that address social issues. We believe that our sustainability is to achieve a sustainable society and growth for the company by realizing this mission.
For us to achieve sustainable growth, it is essential to deepen and maximize our existing businesses and enhance the creation and development of new businesses.
To this end, it is necessary to focus on people as the source of value creation and develop a working environment where individuals and organizations can be active and fully demonstrate their potential.
Our aim is to be a company offering a rewarding environment where each employee can demonstrate their creativity, delivering employee happiness. We will achieve a sustainable society and sustainable growth for the company by realizing our social mission.
TAMRON’s Sustainability
Based on its corporate mission of “creating emotion and reassurance through its mastery of light, contributing to the realization of a fulfilling society,” TAMRON aims to realize the sustainable society described in the SDGs together with all stakeholders. In 2023, we established the Risk Management Committee and the Information Management Committee to implement our ESG and sustainability strategies and reinforce our structure for addressing sustainability issues, which includes the previously established CSR Committee and Compliance Committee.
The Value Creation Process
To build a fulfilling society, TAMRON formulated Environmental Vision 2050, which outlines the long-term direction of TAMRON’s environmental initiatives.
Tamron utilizes its optical technologies to provide products that create emotion and reassurance. By creating environmental, social, and economic value through these products and business activities, Tamron will achieve sustainability in society and its own sustainable growth.
Materiality
The TAMRON Group studies medium- and long-term risks and opportunities arising from changes in the external environment and identifies material issues to be addressed for our continuous growth together with society. They are reported to the Board of Directors after they are approved by the CSR Committee. In view of the changes in external conditions and other factors, we will continuously review them.
The Process for Identifying Materiality
External Environment
- Changing business models
- Geopolitical risks
- Response to climate change
- Resurgence of ESG investment
- Respect for human rights
- Workstyle and lifestyle changes
- Information security
- And more
Plus:
Demands and Expectations From Society
- Contributions to achieving SDGs
- Rising ESG investments
- Initiatives to Comply with the Code
- Demands from society and customers
- And more
Key Risks and Opportunities Arising from Changes in the External Environment
Identifying Materiality
Risk Management
We manage risks by implementing risk management from both the risks and growth opportunities that should be prepared for our sustainable growth.
Approach to Risk Management
The Group enacted Risk Management Regulations for the purpose of contributing to the stable corporate growth of the TAMRON Group through risk management that implements measures for preventing or systematically mitigating risks over the short, medium, and long terms, and established a Risk Management Committee that makes decisions and deliberates on basic matters and policies regarding the promotion of risk management. We have established the Risk Management Review Committee as a body subordinate to the Risk Management Committee. Its roles are to identify risks within the Group and to study preventive or mitigation measures to address these risks that may have a major impact on the Group or cause it to incur significant damage. Through these activities, we understand the changes in the external environment and the status of response measures within the Group to review these measures and improve their effectiveness.
In 2024, we identified 11 key risks. We determined five key matters to be addressed that are specified below. For each key matter, a leader was appointed to carry out response measures to address the risks in collaboration with related organizations. The Risk Management Committee reviews the state of the progress of these measures at the meeting it holds each year so that measures are corrected and modified as needed.
Key Matters to Be Addressed
- Improve governance
- Strengthen information security
- Enhance the response to geopolitical risks
- Strengthen the sustainable supply chain
- Improve BCP
*Key matters to be addressed… Matters that need to be address by the whole company (e.g. through cross-departmental actions and support for resources) in view of their increasing impact or likelihood, the progress of response actions and other factors
Risk Management System
Business Continuity Planning (BCP) Initiatives
TAMRON has established “Emergency response regulations,” “basic business continuity plan” and other rules to minimize damage and ensure business continuity and an early recovery from key risks such as major earthquakes and is continuously improving its risk management system.
Disaster Response Headquarters Training
In recent years, experts have predicted the possibility of a major earthquake occurring in Japan. At Tamron, one of our key risk management priorities is the enhancement of our Business Continuance Plan (BCP), to ensure we are prepared to respond effectively to uncertain situations.
Recognizing that training is as vital as everyday preparedness, Tamron’s headquarters regularly conducts emergency response drills, based on a scenario in which a large-scale disaster strikes the Tokyo metropolitan area. The Disaster Response Headquarters, led by the head and supported by senior executives, carries out scenario-based training, starting with damage assessment, ensuring that the team can make accurate judgement and decisions, even under the chaotic conditions following a disaster.
Target — Result
CSR Initiatives
Tamron has set the Corporate Mission that aims to improve corporate value and create a sustainable society. Toward the realization of the Corporate Mission, we identify issues that must be resolved for the sustainable growth of our company and society as key CSR issues.
Based on its Corporate Mission, TAMRON seeks to increase its corporate value and achieve the realization of a sustainable society. Currently, as indicated by phenomena such as global warming, sustainability crises are growing steadily and progressively more severe. As concerns about social issues—such as human rights and labor issues—become increasingly serious, there are growing expectations for companies to work to resolve social issues. TAMRON has identified issues that must be solved to enable sustainable growth for the company and society as key CSR issues. The key CSR issues that we have identified are incorporated into our management strategy, and we set targets for these issues each year as we engage in our corporate activities.
Corporate Mission
Learn more about TAMRON Corporate Philosophy
CSR Themes for Enhancing CSR Management
We have been working on our business operations under CSR themes established for being a company acknowledged by stakeholders, and we have established the “Standards of Business Conduct”, which is the way TAMRON behaves as a company.
We have established a sound corporate governance system and carry out management with a fundamental focus on compliance, while also considering the economy, society and the environment.
Furthermore, by engaging in themes such as the environment, quality/product safety, and employment/human resources and other social issues, we are striving to be a company that has the power to be selected by customers.
CSR Themes and Standards of Business Conducts
- Contributing to social issues through business (SDGs)
Looking to providing solutions to social issues, TAMRON creates new value through its corporate activities to achieve economic growth, solve social issues and contribute to the realization of a fulfilling society.
- Quality and product safety
TAMRON combines innovation with its technological capabilities to create excitement and peace of mind by providing high quality products that earn the trust of customers while considering safety and the environment.
- Environment
TAMRON recognizes that global environmental issues are issued shared by humanity, endeavors to reduce the impact on and conserve the environment and contributes to the development of a sustainable society in harmony with the environment.
- Compliance
TAMRON is aware that it exists together with society. We place a priority on observing laws and regulations while respecting social rules and carry out our corporate activities with a high sense of ethics.
- Information disclosure
To enhance corporate value, TAMRON actively works to disclose corporate information effectively and fairly and engages in constructive dialogue with the stakeholders associated with its business.
- Occupational safety and health
To develop a pleasant workplace environment that considers the health and safety of each employee, TAMRON monitors the state of health of its employees, undertakes initiatives on the maintenance and management of health, and makes every effort to ensure employee safety.
- Social contributions
To create a society in which people can experience spiritual fulfillment, TAMRON engages in activities contributing to the development of photography and film culture, and acting as a good corporate citizen, takes part in local community activities and contributes to their development.
- Human resources/human rights
TAMRON makes every effort to provide employees with opportunities to develop and demonstrate their abilities in ways that respect their diversity, character and individuality. We embrace a global perspective, value teamwork and endeavor to cultivate human resources who harness creativity.
- Information management
TAMRON establishes protections from threats such as information asset incidents and crimes, and lives up to the trust placed in it by customers and society.
- CSR procurement
TAMRON engages in sound trade practices and works with its business partners to promote procurement activities that consider social responsibility including human rights, labor standards and the environment.
- Risk (crisis management)
TAMRON prepares against risks that could threaten civic life or corporate activities, and does the utmost to prevent such risks from occurring. Should any such crisis occur, we will make every effort to minimize damage and loss, effect a swift recovery, prevent recurrences and fulfill our social responsibility.
- Corporate governance
Top management works to build up sustainable corporate value by establishing governance to engage in fair, transparent and swift decision making in response to a changing business environment.
Management System for CSR ( SDGs )
With the aim of fulfilling TAMRON’ s corporate social responsibility and contributing to the development of a sustainable society, the CSR Committee, whose members include full-time directors, full-time Audit & Supervisory Committee Members and executive officers, meets five times a year in principle. The committee makes decisions on and deliberates over basic matters, policies and important targets concerning CSR and promotion of the integrated management system and also manages the progress of important targets.
TAMRON has formulated a Code of Conduct as a foundation for corporate behavior. The Code is also incorporated into Tamron’s Integrated Management Manual, which is a core regulation in Tamron’s management system that integrates ISO 9001 quality and ISO 14001 environmental standards.
This system is applied across all departments to promote compliance with laws, respect for fair social rules, and high ethical standards. All related internal rules are developed in alignment with this principle, and activities based on this system are audited at least once annually by internal auditors or external audit organizations.
Process for Identifying Key CSR Issues
Firstly, we identified social issues surrounding TAMRON based on international guidelines. We then assessed the importance of those issues for various stakeholders, and the possibility and potential impact of any risks. After considering the validity of the results of our assessment, we identified key CSR issues and submitted them for final decision making by the CSR Committee.
We will continuously improve our response to sustainability issues.
Key CSR Issues: Results of Activities
Dialog with Stakeholders
TAMRON engages in a variety of activities through dialog with stakeholders.
The TAMRON Group works to maintain communication with stakeholders through the various opportunities detailed below. Through these efforts we strive to improve stakeholder satisfaction and achieve better management.
Participation in the UN Global Compact
Our business ranges from Asian countries including China where our factory locates to Western countries. Therefore TAMRON joined the Global Compact in August 2007, as the fundamental idea of CSR.
The Global Compact is a framework with ten universally accepted principles in the areas of human rights, labor, the environment and anti-corruption. We are faithful to ten principles of the Global Compact and conduct our business with responsibility. Please see our Communication on Progress for details.
Communication on Progress: https://unglobalcompact.org/what-is-gc/participants/8999-Tamron-Co-Ltd-
For details about the Global Compact, please visit the United Nations webpage.
United Nations Global Compact: https://www.unglobalcompact.org
Global Compact Network Japan: https://ungcjn.org/
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