Hitachi, Ltd. became a full member of the United Nations Global Compact in February 2009. Our corporate foundation is the basis for our continuing growth as a global company, and it must meet internationally recognized global standards that go beyond national and regional laws andregulations. We believe that respecting and implementing the 10 principles of the UN Global Compact will build a stronger foundation for our business.
In fiscal 2018, the Hitachi Group also participated in workshops organized by the Global Compact Network Japan on seven different topics, including human rights, supply chain management, and the UN's Sustainable Development Goals (SDGs).
| 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. |
The World Business Council for Sustainable Development (WBCSD) is an organization led by CEOs of around 200 progressive companies around the world. Its aim is to create a sustainable future for business, the environment, and societies. Hitachi, Ltd. has participated in the WBCSD since 1995.
In June 2018, Hitachi announced its support for the Task Force on Climate-related Financial Disclosures (TCFD), which was established by the Financial Stability Board to encourage disclosure of information about climate-related risks and opportunities.
The Japan Climate Initiative (JCI) is a network formed to improve information-sharing and discussion between companies, local governments, NGOs, and other organizations actively working to address climate change in Japan. Hitachi has been a member since the JCI's founding in 2018.
Founded in 1922, Business for Social Responsibility (BSR) is an international NPO with a focus on CSR. Together with over 250 corporate members and external partners around the world, it uses its global network for activities designed to build a fair, sustainable world. Hitachi joined BSR in 2007, and has participated in the organization's human rights sessions since fiscal 2016.
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