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Yokogawa CSR Policies

The Yokogawa Philosophy, which states,

"As a company, our goal is to contribute to society through broad-ranging activities in the areas of measurement, control, and information. Individually, we aim to combine good citizenship with the courage to innovate."

provides the underlying basis for our efforts to fulfill our corporate social responsibility (CSR).

Yokogawa has established a department at its head office to oversee CSR activities throughout the Yokogawa Group. Group companies around the world are promoting CSR initiatives to meet expectations by each country and region. Through these means, we are making every effort to contribute to the sustainable development of local communities and economy. We have also established the Yokogawa Group Compliance Guidelines, which provide employees with a roadmap for conduct in such areas as human rights, legal compliance, and occupational safety and health.


Yokogawa Policies

Contributing to Society through our Business

Yokogawa, since its inception, has been to provide the measurement, control and information technologies that are essential to various industries and thereby contribute to the sustainable growth of society.

Many Yokogawa products and solutions are in operation constantly in customers' plants in a broad-range of industries such as petroleum, petrochemical, chemical, iron and steel, paper, gas/LNG, electricity, pharmaceutical, water and environment as well as food production.

By providing solutions which enhance energy efficiency and support the creation of next-generation energy technologies, we are helping to solve a variety of social issues.

Yokogawa engages in CSR activities and seeks through its businesses to realize a more sustainable society by protecting the environment, ensuring safety, promoting growth together with local communities, and safeguarding human health and wellbeing. For "sustainable development goals (SDGs *)" adopted by the United Nations in September 2015, we will continue to actively contribute through our business in the future.

Presented a gift to a child foster care facility

*Sustainable Development Goals(SDGs)
In September 2015, the United Nations adopted the 2030 Agenda for sustainable development, which includes a set of Sustainable Development Goals (SDGs). The SDGs, consisting of 17 goals and 169 targets, are universal development goals for ending poverty and hunger, protecting the planet, and ensuring prosperity that all countries and all stakeholders are encouraged to work toward.


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Supporting the United Nations Global Compact Initiative

The Standards of Business Conduct for the Yokogawa Group call for the realization of the Yokogawa Philosophy, enhancement of customer satisfaction, observance of laws and regulations, respect for human rights, and maintenance of the order and safety of communities and society. Yokogawa is committed to fulfilling its various fundamental responsibilities as a company, including maintaining compliance and contributing to society through its businesses.
Yokogawa has participated in the Global Compact Initiative, an international undertaking advocated by the United Nations, since 2009. Accordingly, the Company endeavors to support and practice the Compact’s ten principles relating to human rights, labor, the environment, and anti-corruption. Yokogawa strives to ensure that its global network of Group companies and suppliers shares the same commitment to these principles.
Looking ahead, every effort will be made to fulfill our corporate responsibilities as a globally operating company.
Global Compact logo
Yokogawa Electric Corporation
President and CEO
Takashi Nishijima

Initiatives related to ten principles of the Global Compact

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Communication with Our Stakeholders

YOKOGAWA will help solve the unique challenges such as energy conservation, the reduction of environmental impact and improved plant safety by utilizing our solutions. In addition, we are working to strengthen corporate governance, abide by compliance, and promote human resources strategy. In promoting all CSR activities, it is required to incorporate fully the expectations and demands of society as well as promote the business strategy of our mid-term business plan. We therefore value feedback, concerns and other input obtained through communication with our stakeholders.

In fiscal year 2015, we held a forum in November to commemorate the 100th anniversary of our foundation, and expressed our gratitude to our stakeholders including customers. In a panel discussion on the theme "Co-innovating tomorrow," the lively discussion was conducted by customers, partner companies, university professors, and others.

Moreover, Takashi Nishijima, President and CEO of Yokogawa Electric Corporation, personally visited ten or more overseas bases as well as domestic ones from May of 2015 to February of 2016 and held the briefing session of our mid-term business plan Transformation 2017 for the Group employees in each base. At the briefing session, there was a frank and lively exchange of views between Nishijima and the local Group employees. They confirmed the future direction and deepened mutual understanding.

Customer
  • Co-innovation through the plant lifecycle
  • Calls to our Global Response Center
  • Conversation/interaction with customers at trade shows and customer meetings
  • Provision of information via websites
Shareholders and Investors
  • Interaction through IR activities such as the General Meeting of Shareholders and presentations to investors
  • Communication through financial reports and annual reports
  • Response to research conducted by SRI rating agencies
Supplier
  • Interaction through the procurement activities conforming to the sales policy
  • Organization of presentations on our procurement policy
Employee
  • Interaction through labor-management consultations
  • Communication through the company newsletter and intranet
  • Employee-awareness surveys
Communities
  • Conversation/interaction with nearby residents/communities
  • Participation in community activities
Governments/Industry organization
  • Participation in economics organizations and industry bodies
NGOs/NPOs
  • Conversation/interaction through various cooperative activities

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