Basic Approach
Based on the basic recognition that addressing various sustainability issues, including the environment, is a corporate social responsibility, OTC is committed to actively addressing various sustainability issues through its business activities and contributing to the realisation of a sustainable society, thereby enhancing its corporate value over the medium to long term.
OTC's Efforts
Environmental Initiatives
<OTC's Goal> Contributing to achieve carbon neutrality by 2050
OTC will promote multifaceted activities to achieve carbon neutrality, enhance corporate value and contribute to the realisation of a "green society."
<Guidelines for Initiatives>
(1)
Promotion of energy savings in manufacturing processes and pursuit of innovative process
In the manufacturing process, OTC will continue to promote the reduction of environmental impact through energy-saving initiatives and will actively pursue innovative processes.
(2)
Contribution to the reduction of greenhouse gas emissions through the supply of OTC's products to social infrastructures
Through the supply of OTC's products such as titanium and high-performance materials, OTC will contribute to the reduction of greenhouse gas emissions in various industrial sectors, including aircraft, semiconductors and telecommunications, energy and chemical plants.
(3)
Promotion of environmentally friendly initiatives throughout the supply chain through "green procurement"
In collaboration with stakeholders, OTC will promote environmentally friendly initiatives throughout the supply chain.
<Promotion of Environmental Management System>
OTC will further develop its ISO14001-based environmental management system and promote continuous improvement of its environmental protection efforts.
Social Initiatives
<Respect for Human Rights>
OTC will give due consideration to respect for human rights in the global society and will continue to work on creating a corporate and workplace culture that does not tolerate any form of violation of human rights.
<Creating a Great Place to Work>
1)Recognising that safety and health are the foundation of OTC's management and one of the most important issue for the company, OTC will carry out various safety and health activities with the aim of creating a workplace environment where employees can fully utilise their abilities and vitality and continue to work safely and with energy.
2)OTC is committed to eliminate unfair discrimination based on nationality,humanrights,religion, gender, age, and other attributes, and to creating an environment in which diverse human resources can maximise their abilities.
3)Through the promotion of work styles and other measures, OTC will develop a rewarding working environment for its employees.
As it is essential to secure and develop excellent human resources in order to sustainably increase corporate value, OTC will actively invest in human capital.
<Building Trust with all Stakeholders>
OTC will build partnerships based on mutual trust with its business partners, conduct fair, equitable and free trade, and establish a corporate foundation by building relationships of trust with all stakeholders. For example, OTC aims to co-exist in harmony with the local community.
<Utilising Intellectual Property and Pursuing Innovation>
OTC aims to increase its corporate value over the medium and long term by making an inventory list and reassessing the intellectual property it has accumulated through its business activities to date, creating opportunities to encourage innovation and creating new businesses based on its intellectual and intangible assets.
Governance Initiatives
<Enhancement of Corporate Governance to increase OTC's Corporate Value>
OTC will continue its efforts to improve the effectiveness of the Board of Directors, with the aim of developing a corporate governance system that will lead to increased corporate value over the medium to long term.
<Compliance and Risk Management Systems>
1)
Based on the recognition that ensuring compliance is the foundation of OTC's management and one of the most important issue for the company, OTC will strengthen compliance management by establishing the Code of Business Conduct and by setting up the Compliance and Risk Management Committee.
2)
Compliance Consultation and Reporting Desk has been set up internally and externally to accept constructive suggestions and proposals on compliance-related matters, in order to check the conformity of corporate behaviour with laws, regulations and social norms, as well as to improve the working environment.
3)
Through the activities of the Compliance and Risk Management Committee, OTC will practice the prevention of risks related to its business, including risks related to the environment, natural disasters, human rights issues such as harassment, safety and disaster prevention, and other ESG-related risks. OTC will act promptly and appropriately to address issues raised in such risks.
