MC's CSR & Environmental Affairs Advisory Committee is made up of external experts and provides advice on the MC Group's sustainability activities from a multitude of perspectives. To deepen their understanding of MC's businesses, the members of the Advisory Committee visit MC business sites annually, in addition to participating in regular committee meetings. At the April 2015 meeting, joined by the newest committee member Professor Nakashizuka from Tohoku University Graduate School, who is an expert in forest ecologies and biodiversity, the 11 external committee members gave their opinions on the status of MC's monitoring of sustainability risks, carbon management, supply chain management and initiatives in support of recovery efforts following the Great East Japan Earthquake.
Comments from the April 2015 Advisory Committee Meeting
MC's Approach to CSR & Environmental Affairs
- As a company with operations all over the globe, MC should not only be satisfied with adequately managing sustainability risks, but should also challenge itself to have a clear vision and management approach towards addressing global sustainability issues, taking into account such international initiatives as the United Nations' Sustainable Development Goals (SDGs). In particular, it is important not only to look at the issues of today, but also look towards future issues from a long-term perspective. Creating value through numerous business activities and corporate philanthropy initiatives which exceed stakeholder expectations will be a key competitive factor for companies going forward.
*The United Nations' Sustainable Development Goals (SDGs) are targets for international sustainable development from 2015.
- Given the global movement towards a low-carbon society, MC should be taking measures to reduce CO2 emissions in line with global standards. Although there is value in setting reduction targets on an efficiency basis, the Company should also consider setting an absolute target to reduce total emissions.
Supply Chain Management
- It is wonderful that MC was able to conduct supplier site visits together with NGOs and other third parties to confirm the labor conditions and other factors at each site. Given the vast number of suppliers who are subject to the supply chain assessment, however, only a small number of site visits can be conducted each year. Accordingly, MC should constantly look to improve the ways in which the assessments are conducted.
Great East Japan Earthquake Recovery Efforts
- MC's efforts to support the recovery of the Tohoku region are commendable, and it is clear that the efforts go beyond disaster recovery to aim towards full revitalization of the areas affected by the Great East Japan Earthquake and tsunami disaster. In the future, MC should consider taking the knowledge and models utilized in Tohoku and apply them to support other regions in Japan and countries abroad. This is a successful case study for addressing societal issues through targeted investments.