Promoting business with resolute determination without losing sight of our corporate philosophy
Morinaga Milk celebrated its 100th anniversary in 2017. It was very pleasing to pass this major milestone in our company’s history. I would like to express my sincere gratitude to all of our stakeholders, and, in particular, to all of our employees.
2018 is the 101st year since our founding and the year when the next 100 years begins. Given the changes in the social environment and other factors, I believe that the first 20 or 30 years of our second century will be turbulent in the true sense of the word. In this environment, we must promote our business with a firm and resolute determination without ever losing sight of the new corporate philosophy we have formulated.
Corporate activities with a global perspective and an awareness of common global issues
Today, there is widespread recognition that common global issues require a shared global vision. The instability and uncertainty of our current era are likely at the root of this recognition. For example, a whole range of issues has erupted, such as economic disparities, the problem of refugees, and climate change. The Sustainable Growth Goals (SDGs) advocated by the UN reflect this and set out the philosophy that no one will be left behind. Morinaga Milk has had a series of discussions on how we can contribute to achieving the targets of the SDGs.
In April 2018, Morinaga Milk signed the United Nations Global Compact. The Ten Principles of the Compact in the four areas of human rights, labor, environment and anti-corruption are also major issues for our business. When we broaden our perspective to our entire supply chain, we can understand that our own corporate issues are connected to various global problems.
Our initiatives as a company are important when considering both the SDGs and the United Nations Global Compact. However, we believe that in such a global era, we need to make efforts to create a somewhat larger framework that includes collaboration with other countries, regions, industries and other companies.
Formulating key initiatives based on shared interests with many of our employees
Aiming for a sustainable society, Morinaga Milk has formulated seven key initiatives that we need to address now. In formulating these key initiatives, I believe it was a great achievement that many of our employees from various departments held a series of discussions about these initiatives. I expect that such discussions will also pave the way toward creating a dynamic company.
The details of our key initiatives are featured on the next page and in the Sustainability Report. In order to further refine our initiatives and make them more effective, I believe that, as we move forward, it will be important to receive feedback from stakeholders and reflect that feedback in our initiatives.
Promoting Environment, Social, Governance (ESG) initiatives
2018 is the fourth year of the medium-term business plan set to be completed in the fiscal year ending March 31, 2020. We will terminate the current plan in fiscal 2018, a year ahead of schedule. In fiscal 2019, we intend to start a new medium-term business plan. From this point forward, we will enter an era when corporate activities will be evaluated based not only on performance, but also on how we include ESG and non-financial information. ESG initiatives will be important in order to truly satisfy stakeholders and create a sustainable society. In the future, Morinaga Milk will promote ESG while focusing on our key initiatives. We also believe it is necessary to disclose ESG information in accordance with the Global Reporting Initiative (GRI), so we are now preparing to comply.
The joy of being a part of the effort to increase “Brighter Smiles”
Morinaga Milk sincerely strives to be a company that contributes to the long-term health and well-being of people throughout the world by providing the health benefits that can be derived from milk. Our efforts will be focused toward bringing enrichment to society and ensuring that we will create ever “Brighter Smiles” far into the future. Both our signing of the United Nations Global Compact and the formulation of our key initiatives are vital parts of the process for successfully achieving our aims. We are convinced that by succeeding in our local markets we will pave the way toward solving the global issues which will help in achieving a sustainable society. We are committed to moving forward step by step.