Sustainability at the Terumo Group

Approach to Sustainability

Under the group mission of “Contributing to society through Healthcare”, the Terumo Group strives to provide a stable supply of high-quality medical equipment and services to patients and medical settings throughout the world, as well as resolve the various challenges facing healthcare.

To realize this group mission, Terumo has established its Core Values which are the values and beliefs that all Terumo associates globally have to own for their actions. Based on the Core Values, the Terumo Group determines priorities for sustainability that must be put into practice in the course of daily business activities. The Group will strive for balance between realization of a sustainable society and Terumo Group’s sustainable growth by promoting these priorities, while communicating with patients, medical professionals and other stakeholders.

Sustainability Priorities

The Terumo Group is working to resolve social issues including issues in healthcare, and balance the realization of sustainable society with sustainable growth of the Terumo Group, while taking the United Nations Sustainable Development Goals (SDGs*) into account.

The Process to Determine Sustainability Priorities

The Terumo Group determines priorities according to the following process.

Step1

Identify potential issues

Referring to sustainability guidelines and standards such as those published by GRI*1 and SASB*2, comprehensively identify which sustainability issues concern the Terumo Group.

Step2

Prioritize

Evaluate how important these issues are for the Terumo Group, in terms of their importance to stakeholders and relevance to our group Mission and other related policies. Select those that are highly important to both parties.

Step3

Determine priorities

Taking into consideration the current status of initiatives within the Terumo group, determine the sustainability priorities from among those that had been selected for their high level of importance. The executive management meeting then deliberates over the priorities that were identified to confirm that they are appropriate.

  • *1

    GRI (Global Reporting Initiative)
    A non-profit organization based in the Netherlands that advocates sustainability reporting guidelines

  • *2

    SASB (Sustainability Accounting Standards Board)
    A non-profit organization in the US that aims to develop and spread sustainability accounting standards

Sustainability Priorities

Core Values Sustainability Priorities Related United Nations SDGs
Respect—Appreciative of others Ensuring occupational safety and promoting health 3.GOOD HEALTH AND WELL-BEING 8.DECENT WORK AND ECONOMIC GROWTH
Creating workplace environments where diverse associates can demonstrate their skills and abilities 5.GENDER EQUALITY 8.DECENT WORK AND ECONOMIC GROWTH
Integrity—Guided by our mission Promoting compliance 10.REDUCED INEQUALITIES 16.PEACE,JUSTICE AND STRONG INSTITUTIONS
Reducing the environmental impact of our business operations 7.AFFORDABLE AND CLEAN ENERGY 13.CLIMATE ACTION 15.LIFE ON LAND
Promoting responsible procurement 10.REDUCED INEQUALITIES 12.RESPONSIBLE CONSUMPTION AND PRODUCTION 17.PARTNERSHIPS FOR THE GOALS
Building relationships of trust through dialogue with stakeholders 17.PARTNERSHIPS FOR THE GOALS
Care—Empathetic to patients Improving access to healthcare 3.GOOD HEALTH AND WELL-BEING 17.PARTNERSHIPS FOR THE GOALS
Quality—Committed to excellence Ensuring the safety and quality of products and services 3.GOOD HEALTH AND WELL-BEING 12.RESPONSIBLE CONSUMPTION AND PRODUCTION
Managing supply chains that support stable supply 3.GOOD HEALTH AND WELL-BEING 12.RESPONSIBLE CONSUMPTION AND PRODUCTION
Creativity—Striving for innovation Resolving healthcare challenges through innovation 3.GOOD HEALTH AND WELL-BEING 9.INDUSTRY,INNOOVATION AND INFRASTRUCTURE 17.PARTNERSHIPS FOR THE GOALS

Sustainability Management

The Corporate Sustainability Department was established in April 2018. Its purpose is to coordinate and promote activities throughout the group. Working together with related departments, committees, and with group companies, the Corporate Sustainability Department sets action policies and priorities related to sustainability, finds ways to disseminate these throughout the group, and promotes specific initiatives. It also interacts with internal and external stakeholders, sharing information and engaging in discussions, in order to understand the expectations society has for the Terumo Group and reflect these in the initiatives.

Participation in the United Nations Global Compact

In 2012, Terumo became a signatory of the United Nations Global Compact. This action reflects Terumo’s agreement with the Ten Principles of the compact, which relate to human rights, labor practices, the environment and anticorruption measures. Under the group mission of “Contributing to society through Healthcare”, the Terumo is striving to practice these principles in the course of business operations.

The Ten Principles of the United Nations Global Compact

Human Rights Principle 1 Businesses should support and respect the protection of internationally proclaimed human rights; and
Principle 2 make sure that they are not complicit in human rights abuses.
Labour Principle 3 Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
Principle 4 the elimination of all forms of forced and compulsory labour;
Principle 5 the effective abolition of child labour; and
Principle 6 the elimination of discrimination in respect of employment and occupation.
Environment Principle 7 Businesses should support a precautionary approach to environmental challenges;
Principle 8 undertake initiatives to promote greater environmental responsibility; and
Principle 9 encourage the development and diffusion of environmentally friendly technologies.
Anti-Corruption Principle 10 Businesses should work against corruption in all its forms, including extortion and bribery.
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