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.
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.
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.
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.
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.
GRI (Global Reporting Initiative)
A non-profit organization based in the Netherlands that advocates sustainability reporting guidelines
SASB (Sustainability Accounting Standards Board)
A non-profit organization in the US that aims to develop and spread sustainability accounting standards
|Core Values||Sustainability Priorities||Related United Nations SDGs|
|Respect—Appreciative of others||Ensuring occupational safety and promoting health|
|Creating workplace environments where diverse associates can demonstrate their skills and abilities|
|Integrity—Guided by our mission||Promoting compliance|
|Reducing the environmental impact of our business operations|
|Promoting responsible procurement|
|Building relationships of trust through dialogue with stakeholders|
|Care—Empathetic to patients||Improving access to healthcare|
|Quality—Committed to excellence||Ensuring the safety and quality of products and services|
|Managing supply chains that support stable supply|
|Creativity—Striving for innovation||Resolving healthcare challenges through innovation|
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.
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.
|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.|