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Management Philosophy

Pursuing the potential of materials to support our future.

In 2016, the year of Daido Steel’s 100th anniversary, we established the Daido Steel Group Management Philosophy: “Pursuing the potential of materials to support our future.” In order to realize this management philosophy, and align Daido Steel more closely with its ideals as a company, we will conduct monozukuri (manufacturing) that harnesses the engineering, product development and innovation capabilities that we have fostered to date, with the view to continuously supplying materials for a prosperous future society.
Guided by the slogan “Leave No One Behind,” the Sustainable Development Goals (SDGs) were adopted by the United Nations in September 2015 to provide a common language for solving social issues and bring the world closer to what it should be.
Daido Steel aims to contribute to the solution of social issues through monozukuri (manufacturing) based on specialty steel and be a company that works together with stakeholders to realize a sustainable society, as targeted by the SDGs. To this end, we have identified Daido Steel’s material issues.
By clearly identifying Daido Steel’s material issues and working to address those issues, we will realize Daido Steel’s sustainable growth while contributing to the achievement of the SDGs.

Daido Steel’s Material Issues Main Initiatives and Issues Related SDGs
1

Develop and supply products that contribute to the reduction of environmental impact and the preservation of the global environment

(1) Address climate change
  • Reduce CO2 through CO2 emissions reductions and environmental preservation activities
  • Develop and supply products that contribute to mobility innovation
  • Develop and supply products that support customers’ technological innovation in response to environmental regulations
  • Develop and supply materials that contribute to the hydrogen use business
(2) Reduce waste
  • Strengthen the 3Rs (Reduce, Reuse and Recycle) for byproducts
  • Develop facilities that contribute to waste reduction
(3) Use sustainable natural resources
  • Develop products that conserve resources and are free of rare resources and hazardous elements
  • Expand the use of renewable energy (hydropower, wind power and solar power)
2

Build a highly efficient production system and provide a stable supply of products

(1) Improve energy efficiency
  • Develop and introduce production processes with excellent energy efficiency
  • Develop products that contribute to energy efficiency
(2) Provide a stable supply of high-quality products
  • Conduct rigorous quality control and improvement
  • Formulate business continuity plans (BCPs)
3

Ensure a safe and secure work environment

(1) Eradicate industrial accidents
  • Foster a work environment that gives priority to safety above all else
  • Improve safety awareness
(2) Promote health management
  • Enhance the health of employees and their families
(3) Coexistence with local communities
  • Conduct safe and secure plant operation
  • Local environmental preservation and communication with local communities
4

Recruit and develop diverse personnel

(1) Promote diversity
  • Create a workplace environment that promotes the success of diverse personnel and fosters a sense of job fulfillment
  • Improve productivity by promoting new work style reforms
(2) Recruit and develop personnel
  • Continuously recruit talented human resources and develop independent-minded personnel
  • Transfer skills at production sites

Key Issues that Serve as the Foundation for Business Activities

  • Strengthen corporate governance
  • Strictly enforce compliance
  • Respect human rights
  • Enhance sustainability awareness
  • Related SDGs

Identification Process for Material Issues

Identification of social issues

The SDGs targets and the global risks listed in Global Risks Report 2019 were compared, and 95 social issues were identified by excluding overlapping issues and adding issues of high social concern.

Evaluation from a business perspective

Currently, materiality is evaluated in terms of the risks and opportunities for Daido Steel’s businesses based on medium- and long-term time scales.

Evaluation from stakeholder perspectives

The relationships between the issues that stakeholders consider to be important in each business field and the evaluation items of ESG ratings agencies are evaluated.

Preparation and identification of materiality matrix

A materiality matrix is prepared by consolidating the business and stakeholder evaluations. Following two discussion sessions in the Management Meeting, Daido Steel’s material issues are identified.

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