Corporations, members of a global society that faces with many issues, should not simply pursue short-term profits, but also consider the long-term impact of their activities on that society, and aim to resolve some of these issues through their business activities, know-how and technologies. As social anxieties rise with the COVID-19 pandemic, companies are increasingly expected to adopt this position.
“Committed to People, Committed to the Future.” is the long standing Basic Commitment of the Toshiba Group, a statement that expresses our enduring credo to contribute to the development of society through our business. Since our founding, with the venture spirit that has inspired Toshiba for many generations, Our Purpose has been to combine the power of invention with our expertise and desire for a better world, to tackle increasingly complex and serious social issues, and to turn on the promise of a new day.
Motivated by this philosophy, we are promoting the Toshiba Next Plan, a company-wide transformation plan for the five years from FY2019. Through corporate transformation, we will maximize corporate value and meet the expectations of our various stakeholders.
The premise for this is a strong awareness that “we will never allow actions that undermine the healthy relationship of trust,” and we prioritize life, safety and compliance over all other management issues. By taking full advantage of CPS technology, we will complete the transition to become an infrastructure services company, and we will achieve stable profits and further growth through enhanced portfolio management and by strengthening basic profitability.
With highly reliable services and cutting-edge technologies, we will contribute solutions to social issues, such as climate change, and further increase corporate value. As a signatory to the UN Global Compact, we are improving our environmental, social and governance (ESG) performance, and while cooperating with our diverse stakeholders we will create and provide rich value. We are particularly focused on 10 goals of the SDGs, and doing all we can to maximize positive impacts and minimize negative impacts for each of them, and we also contribute to the achievement of the SDGs through our corporate activities.