Professor Katsuhiko Kokubu received a Ph. D in business administration from Osaka City University. He has been a professor at the Graduate School of Business Administration, Kobe University since 2001, and in 2003 established the Institute for Environmental Management Accounting, a vehicle for utilizing research achievements. Professor Kokubu chaired a committee of the Ministry of Economy, Trade and Industry on development and promotion of material fl ow cost accounting and served as a member of a committee of the Ministry of the Environment on environmental reporting guidelines.
In ADEKA group, CSR policy is included in the founding mentality and two management policies. The policy of contributing towards society through the core business is highly evaluated. To achieve this policy, ADEKA group CSR Five Year Plan is formulated. As FY2009 is located at the midpoint of the CSR Five Year Plan, I expect you to review the past activities and enhance these activities in the second half of the term.
Special topics corner in current year report has introduced two products, which were developed based on the brand slogan of ADEKA food business "The Delicious Taste You can Rely on" and the theme of taste, safety, and health. The product features are introduced and the descriptive content is enriched to help the reader easily understand. I believe that in addition to introducing these activities as special topics, it is desirable for you to place such activities in ADEKA's CSR activity structure and continue to disclose the information.
In "ADEKA Group's CSR Objectives" in current CSR report, strengthening the communication with stakeholders and focusing on "Energy", "Environment", and "Life Science" fields, are described. For these objectives to lead to practical activities it is necessary to divide such objectives into more specific targets. In addition, distinction of core business and CSR seems to not be clearly shown. If you show the CSR significant social contributions through your core business it will allow you to convey a strong message within and outside of your group.
ADEKA sets quantitative target and aggressively promotes environmental conservation activities. In particular, the CO2 emissions reduction target set to 10% over the FY1990 has finally been achieved, which is highly evaluated. I hope you will aggressively promote improving your corporate values through environmental conservation activities. To that end, it is effective for you to set the environmental target from a long-term view and conduct the entire evaluation using comprehensive environmental efficiency index.
Regarding the CSR objectives, it is important for ADEKA to deepen the relationship with its stakeholders. The ADEKA group is asked to recognize the issues demanded by society and work to solve such issues through having aggressive dialogue with such stakeholders. I expect you will make an effort to build up mutual communication with the stakeholders.
In the current report, we tried to highlight "Food" which is another core business following the environmentally conscious products in the chemical business which was highlighted in the previous report. In this topic, we tried to show our attitude of providing safe food to customers and our policy of contributing to society through our business.
To fortify the communication with our stakeholders set as ADEKA group's CSR objective it is important for us to build up mutual communication, as pointed out by Professor Kokubu, and raise the awareness about CSR throughout ADEKA group companies, and continue to produce various opportunities for having aggressive dialog with such stakeholders. Concerning environmental problems we are challenging as important issue, we will make more efforts to promote environmental conservation activities with higher consciousness. In consideration of such suggestions, we will set the CSR policy of FY2009 target in ADEKA group's CSR Five Year Plan, and aggressively promote our CSR activities despite severe business environment.
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