Social: Executive Summary
The mission of the JFE Group is to establish its position as an indispensable company supporting people’s daily lives, driving sustainable development and ensuring safe, comfortable lives for all. Through our efforts to address social issues, such as investing in human capital, and by respecting human rights across the supply chain, we intend to achieve the sustainable growth of the Group and become an entity that continues to develop and provide safe, high-quality products and services based on our leading technologies.
The human resources strategy of our Eighth Medium-Term Business Plan stands on two pillars: establishing a talent portfolio for achieving management strategies, and maximizing employee capabilities. Efforts to realize these pillars include diversifying recruitment sources to respond to business expansion and intensified hiring competition, strategically developing talent aligned with management strategies, encouraging the active participation of diverse human resources, and enhancing employee engagement.
With the belief that respect for human rights is foundational for business as well as a corporate social responsibility, we have been taking action to realize a society in which human rights are respected and protected. We have also been conducting human rights due diligence since FY2021 in accordance with the United Nations Guiding Principles on Business and Human Rights. In 2023, we revised the JFE Group Human Rights Basic Policy in light of recent changes in awareness and issues related to human rights. We will continue to promote Groupwide efforts as well as seeking cooperation from all stakeholders including our supply chain to respect and protect human rights.
Regarding contribution to local communities, it is important to cooperate and collaborate with society as we carry out our corporate activities globally. By actively contributing to those communities, we hope to achieve sustainable growth for both our businesses and society at large.
Targets and Results for Material Issues of Corporate Management Concerning Society (Materiality)
Key Initiatives
- Formulate a human resources strategy linked to management strategy.
- Promoting talent acquisition and development aligned with management strategies such as overseas expansion and DX and establish a talent portfolio.
- Proactively promote DEI, including encouraging the active participation of diverse human resources, especially female employees, and fostering a culture that embraces diversity. We are also working to improve work engagement by deeply instilling our purpose, expanding investments in workstyle reforms, and improving workplace environments.
- As the foundation supporting these initiatives, we are promoting occupational health and safety (prevention of occupational accidents) and health and productivity management, focusing on creating workplaces where everyone can work safely and in good health.
- As part of our human rights due diligence, we revised the JFE Group Human Rights Basic Policy and promoted the identification and remediation of human rights risks at JFE Holdings and major Group companies. In the supply chain, we conducted surveys on human rights risk for high-priority suppliers. In FY2024, we expanded the scope of these surveys to include high-priority overseas Group companies. We provided feedback to suppliers on the results of the FY2023 survey and supported those identified as requiring follow-up in making improvements. In FY2025, we plan to further expand additional surveys at overseas Group companies and conduct a second round of surveys for high-priority suppliers, focusing mainly on those surveyed in FY2023.
- Actively promote DX, including the active introduction of IoT, AI, and data science, and the application of data assets.