Approach to Sustainability | Sustainability

Basic Policy

We aim to contribute to a sustainable society and increase our corporate value by practicing our corporate philosophy, “Innovating value for humans and society on a brighter planet.”
In addition, we have defined a Management Approach comprised of five items—“strive for value,” “love the planet,” “contribute to society,” “respect the individual,” and “act with integrity.” Based on this, we have specified the basic conduct and behavior expected of all of our companies and employees in the Alps Alpine GROUP CODE OF CONDUCT and deployed them to Group bases across the globe. We also conduct training sessions regularly to increase awareness of these principles among our employees.

Key Elements of the Alps Alpine GROUP CODE OF CONDUCT

Strive for Value	New value creation Safety assurance and customer protection High-quality products and services Accurate and relevant information on products and services Good faith in inquiries and after-sales service Fast and appropriate response to incidents	Act with Integrity	No forced or child labor No inhumane treatment No discrimination Anti-corruption Fair competition No improper advantage No abuse of dominance Respect for intellectual property Information security Privacy respect and protection Timely and appropriate information disclosure Conformance with trade controls Proper accounting and payment of taxes No insider trading No conflict of interest Emergency response Freedom of Association and Collective bargaining Appropriate pay and working hours Occupational Health and Safety
Love the Planet	Contribution to decarbonization Contribution to circular economy realization Pollution prevention Biodiversity conservation
Contribute to Society	Community and regional contribution through business Coexistence with society and the local community Safe business activities
Respect the Individual	Mutual understanding Human resources development Independence of the individual

*The Alps Alpine GROUP CODE OF CONDUCT upholds international norms such as the United Nations’ Guiding Principles on Business and Human Rights and OECD Guidelines for Multinational Enterprises on Responsible Business Conduct.

Alps Alpine GROUP CODE OF CONDUCT

Addressing Sustainability Issues (Fiscal 2022 to Fiscal 2024)

For sustainability-related issues, specific mid-term targets are set for each functional headquarters and administrative department. As needed, we collaborate with business divisions to address sustainability challenges and reflect them in our business activities.

Sustainability Material Issues and Measures

Sustainability Topics on the Agenda at Fiscal 2023 Management Meetings

Management Meeting	Time	Agenda
Board of Directors	Quarterly	Progress report on sustainability issues against targets
Board of Directors	Apr.	KPIs and action plan for sustainability issues for fiscal 2023
Board of Directors	Apr.	Participation in the SBT Initiative and goal-setting
Board of Directors	Jun.	Materiality review
Board of Directors	Jul.	ESG assessment results
Board of Directors	Oct.	Report on Compliance and CSR Training participation
Board of Directors	Nov.	Shareholder Relations (SR) engagement report
Board of Directors	Jan.	Revision of the GROUP CODE OF ETHICS (now the GROUP CODE OF CONDUCT)
Global Management Meeting	Mar.	2024 Business Plan, including sustainability issues

Promotion Structure

Up until the end of fiscal 2023, we had a Sustainability Promotion Committee focused on seven working groups on key issues. From fiscal 2024, we have upgraded the committee to a Sustainability Committee,positioning it as a management committee, and revised its structure to discuss medium- to long-term sustainability issues at the management level and to speed up decision-making. The committee is chaired by the ESG vice presidents responsible. We have made changes to the committee structure, where now the committee members consist of executive officers, outside directors, and Audit and Supervisory Committee members who participate as observers. Additionally, task forces will be established to pro-mote themes that require interdepartmental collaboration.
Reports are made to the Board of Directors on a quarterly basis, where decisions are made on a case-by-case basis.

Sustainability Education

Sustainability-related training has been provided to all employees in Japan, including officers and temporary employees, since fiscal 2022. In fiscal 2023, training covered the topics of decarbonization and realization of a circular economy. Implemented as a video, there were around 7,500 participants. A questionnaire was also conducted to survey employees about sustainability matters, such as their sustainability awareness and topics they wished to learn about. Findings will be reflected in the training program for fiscal 2024.