CSR Activities Policy During the Midterm Management Plan, "GEAR UP! MOL"
- Stepping up "CSR that protects MOL" and "CSR that fulfills MOL's responsibility"
- Pursuing "CSR activities that benefit both the company and society"
- Expanding CSR activities worldwide, and throughout the MOL Group
In the past, many companies, particularly in Japan, have adopted an approach towards CSR that has focused on measures to protect them from accidents, impropriety, and other risks. Based on this, they have proceeded to practice CSR that fulfills their responsibilities. Namely, to advance CSR, companies, as members of society, have tried to strike an effective balance in allocating the profits and utilizing the assets they generate, by protecting the environment, contributing to the local community, and paying a reasonable return to stakeholders. These two categories represent the foundation level of CSR. In MOL's case, CSR activities are founded first and foremost on the establishment of good corporate governance and compliance, the creation of Rules of Conduct and measures to eliminate serious maritime accidents, development of environmental management systems and so on. The company also strives to use its resources effectively to make a contribution to society. In this way, MOL has addressed the immediate tasks of effective CSR.
In the years ahead, MOL has decided to take the next step forward in CSR by instilling an even stronger awareness of and pursuing "CSR activities that benefit both the company and society," while identifying and supplementing any areas where the fundamental level of CSR has been inadequate.
The midterm management plan, "GEAR UP! MOL," incorporates safe operation and environmental protection policies in a strategy for becoming the company selected by customers and achieving sustainable growth. In that sense, CSR policies are closely related to the company's business strategies. By establishing a CSR policy that is clearly understood and embraced by customers, land-based employees, seafarers, and society as a whole, and also is recognized and evaluated favorably by shareholders and investors, MOL will be the company of choice. This in turn will allow the company to make even greater contributions to society, generating a positive cycle for CSR initiatives that builds synergy, supports sustainable growth and benefits both the company and society.
Furthermore, MOL will work to ensure that CSR activities and policies are disseminated throughout the MOL Group both in Japan and overseas through dissemination and enforcement of the Global Compact, the MOL Group Environmental Target System, and in other ways.