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CSR Targets (Midterm)

Japanese

CSR・環境
CSR
Safe Operation
Environment
Human Resources Development
Social Contribution Activities
Dialogue with Stakeholders
External Recognition
Safety, Environmental and Social Report

Basic Concept:
The MOL Group realizes that ocean shipping is an important economic infrastructure connecting the world, providing safe and reliable services, and contributing to achievement of the Sustainable Development Goals (SDGs)(*1) advocated by the United Nations, such as eradication of poverty, technological innovation, supply of sustainable energy, measures to address climate change, and conservation of the ocean, through the group's core businesses.

  Mid-Term Targets Action Plan
Enhancement
of Governance
Continue sustainable growth and increase corporate value by making decisions swiftly and deliberately, backed by appropriate risk management, while securing transparency and fairness of management.
  • Enhance the effectiveness of the Board of Directors.
  • Pursue specifi c goals the new management plan "Rolling Plan," and conduct periodic monitoring and review.
  • Promote businesses on a group-wide basis as one team through "One MOL," and enhance corporate governance among group companies.
  • Establish more appropriate, more effi cient system of business conduct, and strengthen business continuity plan (BCP) system.
  • Promote dialogue with various stakeholders such as customers, investors, communities, and employees, and suffi ciently fulfill responsibility for information disclosure.
Thoroughness
of Compliance
Compliance with laws and regulations such as the Antitrust Act, anticorruption statutes, and standards of social ethics. Instill group employees with an awareness that compliance must be the top priority in all management issues.
  • Continue review of past serious non-compliance issues and ensure they do not fade away from memory.
  • Widely disseminate and ensure thoroughness of compliance to laws and regulations to group employees.
  • Internal audits using a Risk Based Approach(*2)
  • Enhance internal reporting system.
  • Identify signs of non-compliance and prevent violations.
Thoroughly
Implement
Safe Operation

All MOL Group employees learn that safe and stable cargo transport is the group's ultimate social mission, and the absolute necessity to achieve the targets of "Four Zeroes" (zero serious marine incidents, zero oil pollution, zero fatal accidents, and zero serious cargo damage).

KPI targets: Downtime per ship (24.00 hours per year), Incidents per ship resulting in stoppage (1.00 per year), Less than 0.70 LTIF(*3)(Lost Time Injury Frequency).

  • Foster a culture of safety by improving all group employees' "ability to think of safety."
  • Enhance analysis and information sharing to prevent the reoccurrence of accidents and problems.
  • Eliminate human errors, using and applying AI/ICT technologies.
  • Promptly spread information and enhance risk management to respond to global conditions.
  • Enhance ship management centering on a review of the dry bulker management system.
Environmental
Initiatives

Progressively address the solution of environmental issues such as emissions of greenhouse gases (GHG), air pollution, and inhibition of biodiversity. Grasp environmental concerns of customers and other stakeholders to provide innovative solutions, and grow the environment and emission-free businesses into a next-generation core business.

KPI targets: Reduce GHG emissions by 2% per unit load every year in comparison with the previous year.

  • Promote the ISHIN NEXT - MOL SMART PROJECT -, adopt technologies for reducing environmental impact and advanced support technologies for safer vessel operation.
  • Participate in projects to construct vessels that use LNG and other alternative fuels as well as fuel supply infrastructure.
  • Reduce greenhouse gas emissions through continuous efforts on optimal vessel operations by use and application of ICT.
  • Use renewable energies such as wind power and solar power for vessel propulsion and for group facilities in Japan and overseas.
  • Create environment and emission-free businesses.
  • Study the use of emissions rights to achieve the greenhouse gas reduction targets.
  • Ensure an appropriate and advanced response to prevention of air pollution and conformity with ballast water management regulations.
  • Promote the modal shift by expanding ferry and RoRo ship services in Japan.
Initiatives
on Human
Resources
Development
Develop personnel who can cope flexibly with changes in the business climate, support a vibrant, innovative organization that grows sustainably, and develop an environment in which diverse personnel can play active roles.
  • Cross-sectional development and assignment of personnel at group companies in Japan and overseas, to enhance its competitiveness as "One MOL."
  • Expand system of education and programs for training global personnel and next-generation leaders.
  • Develop networks that promote cooperation among industry, government, and academia to promote further innovation.
  • Establish the personnel system for promotion of diversity (including for women to play active roles).
  • Promote workstyle reforms toward creation of a sound, dynamic organization.
  • Open a new maritime academy in the Philippines to ensure the recruitment and training of top-quality seafarers.
  • Promote personal development through the group's shared values, as expressed in "MOL CHART."
Social
Contribution
Activities
MOL Group employees realize that the group's businesses contribute to society, and every employee takes the initiative in working to achieve the SDGs advocated by the United Nations.
  • Provide ocean transport for educational and medical programs to developing countries.
  • Activities to support environmental conservation.
  • Maritime educational activities to increase awareness of ocean shipping's essential role.
  • Group executives and employee proactively participate in social contribution activities.

(*1) SDGs: Adopted at the United Nations summit in September 2015, requiring corporations = to contribute to SDGs through their core businesses. Toward 2030, it identifies global-scale priority issues to be addressed for sustainable development, and mobilizes global-scale initiatives around a series of common goals and targets. SDGs urge governments, corporations, and societies to work on a global scale to keep from going beyond the Earth's limitations, to end poverty, and allow every person to live in dignity with fair access to opportunity.

(*2) Risk Based Approach: Aims to improve the likelihood of achieving objectives and goals by identifying factors that may compromise or promote the achievement, clarifying these effects, and thinking about necessary measures.

(*3) LTIF: Lost Time Injury Frequency. The number of industrial accidents occurring per 1 million man-hours.

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