Participation in external initiatives

On August 23, 2021, the KITZ Group became a registered signatory of the United Nations Global Compact (UNGC). The UNGC is an initiative launched at the Davos World Economic Forum in 1999 to build healthy global societies through collaboration between the United Nations and private-sector businesses and organizations. Participating businesses and organizations act as good corporate citizens by demonstrating responsible, constructive leadership through autonomous initiatives to build global frameworks for realizing sustainable growth.

UNGC signatories carry out activities along the axes of ten principles in the four categories of human rights, labor, the environment, and anti-corruption. We plan from now on to report annually on the state of our initiatives toward the ten principles of the United Nations Global Compact.

• Respect for Human Rights

In December 2021, KITZ declared its support for the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), which advocate step-by-step progress in disclosure of analytical information concerning the financial impact of climate change on business activities. As a result, from now on, we will proceed in stages with data-driven analysis to ascertain business risks and opportunities related to climate change and enhance both the quality and the quantity of disclosure in accordance with TCFD recommendations.

• Responding to climate change (Disclosure based on TCFD recommendations)

The KITZ Group supports the Nagano Prefecture SDGs Promotion Enterprise Registration Program. The Ina and the Chino plants (registered October 2019) and Group company KITZ Metal Works Corporation (registered April 2020) are registered with the prefecture as business sites promoting the SDGs.

The KITZ Group endorses the Chiba SDGs Partner Program and is certified as the first registered company (Chiba SDGs Partner No. 173).