Communication with Stakeholders
Basic Approach and Policy
The Olympus Group is committed to "making people's lives healthier, safer, and more fulfilling." This is our corporate philosophy and the fundamental concept underlying our activities, enabling us to respond to the highest expectations of our stakeholders, conduct ourselves as a model corporate citizen, and work towards sustainable growth together with society.
Furthermore, to address the challenges of international society as a global company, we participate in the UN Global Compact (UNGC) and report on the achievements of our sustainability activities to the UNGC every year.
The Olympus Group is engaged in a variety of initiatives to provide better products and services to healthcare professionals, our customers, in order to contribute to "Making people's lives healthier and safer". We have established a global system to accurately handle a series of customer service activities, from product sales to in-use support and repairs, and are engaged in daily operations.
Shareholders and Investors
We adhere closely to the Article 27-36 of the Financial Instruments and Exchange Act (so-called "Fair Disclosure Rules") and proactively disclose our management policies, financial status, business activities, non-financial and corporate information in a fair, timely and appropriate manner according to the Olympus Group's Disclosure Policy. We also invite investors to meetings in which our senior management, including the Representative Executive Officer, relevant executive officers, and head of relevant business divisions, present our medium- to long-term corporate strategies and business plans.
We share our "Expectation of Suppliers" and "Green Procurement Standards" in writing with our suppliers in Japan, asking them to comply with laws and regulations, social norms, and environmental considerations. We conduct an annual web-based supplier survey in Japan with 30 CSR questions to raise suppliers' awareness of Sustainable Development Goals SDG-related issues.
Our Global Procurement ESG strategy consists of three materiality topics as part of focus area: Responsible Supply Chain.
- Improve supply chain risk mitigation and resilience by implementing a multi-tier supply chain risk monitoring solution.
- Enhance Social (Human Rights) Commitment in SCM - This includes creating and publishing a Global Supplier Code of Conduct as well as monitoring ESG risk in our supply chain.
- Environmental Supplier Management - We will begin creating a baseline of CO2 emissions from our suppliers as well as asking our suppliers to set Science-Based Target (SBT) CO2 emissions reduction targets for our Science-Based Target Initiative (SBTi)certification.
The Olympus Group conducts employee surveys (core value surveys) to listen to the opinions of employees and to achieve a better corporate culture and work environment. The results are shared with management, including regional management, and measures are implemented at various organizational units.
In addition, the top management of Olympus provides regular opportunities for labor-management consultations both centrally and at individual facilities, including twice-annual meetings of the Central Labor-Management Council with the Olympus Labor Union, to discuss reforms of the corporate culture, such as the improvement of labor conditions and revisions toward more flexible workstyles.
Olympus works with a wide range of stakeholders in accordance with our Corporate Citizenship Policy, including communities near our business sites around the world, local governments, schools, and NPOs, to contribute to solving social issues in local communities. We also participate in environmental conservation activities in cooperation with local governments and NPOs, and participate in and cooperate with local events.
National and Local Governments
Olympus is actively involved in a wide range of corporate citizenship programs in cooperation with national and local governments. In Japan, we maintain cancer prevention agreements with several prefectural and city governments to encourage their citizens to take cancer screenings. As a part of these agreements, Olympus provides leaflets to explain endoscopic examinations, which health administration then include in notice letters about strategic stomach cancer screenings and colon cancer examinations to support for encouragement to take individual medical examination. Also, Olympus and its Japan subsidiaries host classes as a part of the school curriculum on the history and technology of endoscopes in cooperation with educational administrations, primary schools, junior high schools, and high schools.