MC, since its establishment, has held the Three Corporate Principles as its core philosophy, and aims to contribute to the sustainable development of society by pursuing its global business activities with integrity and fairness in line with these principles. Midterm Corporate Strategy 2018 expands upon this commitment and compels us to pursue businesses that generate value for societies by simultaneously generating economic, environmental and societal value as an essential part of our sustainable growth as a company.
We have identified a number of Key Sustainability Issues for MC (Materiality) for our management to address in order to ensure our sustained growth whilst simultaneously realizing these three types of value. As we grapple with the challenges posed by these key issues while striving to achieve sustainable growth for MC, we will look to proactively pursue business opportunities that add value to society.
Developments such as the adoption of the United Nations' Sustainable Development Goals (SDGs) and worldwide ratification of the Paris Agreement are clear signals that the world is ready to take action to resolve urgent environmental and social issues, and the expectations upon our company to be part of the solution are also increasing. Through proactive dialogue with our stakeholders, we will work to determine the needs and expectations of society, and we will proactively endeavor to fulfill our responsibility as a global citizen through efforts including our continued support for the United Nations Global Compact*.
By focusing on addressing our Key Sustainability Issues through our business, we are confident that we will be able to open doors to new market opportunities and set ourselves apart from the competition. As a company which has successfully adapted its business model over the years in line with societal changes to achieve sustainable growth, MC, together with MC Group companies, would like to make the most of the opportunities presented by this shift to a more sustainable world.
*The UN Global Compact is a United Nations initiative to encourage businesses and other organizations to support 10 universal sustainability principles in the fields of human rights, labor standards, environment and anti-corruption. MC declared its support for this initiative in 2010.