print PRINT

ECONOMY

Keidanren’s revised corporate behavior charter emphasizes diversity

  • November 9, 2017
  • , Sankei , p. 11
  • JMH Translation

Sadayuki Sakakibara, chairman of the Japan Business Federation (Keidanren), formally announced at Keidanren’s regular meeting held on Nov. 8 that it has revised its corporate behavior charter, which indicates guidelines that should be followed and practiced, on the same day. He explained that working toward “Society 5.0,” a future society that leverages technologies in areas such as artificial intelligence (AI) and robotics, would lead to achieving the U.N.-backed initiative for sustainable development goals.

 

This is the fifth revision and the first update in seven years of the corporate behavior charter, which acts as the supreme standard for Keidanren and its member companies. While previous updates have focused heavily on corporate social responsibility, centering on companies’ active legal compliance and adherence to ethical standards, this revision goes beyond CSR. “This revision is fundamentally different in that it indicates how companies should address global issues,” explains Sakakibara.

 

The renewed charter emphasizes the importance of management that respects global human rights and employee diversity , as well as securing a safe working environment. It also seeks the implementation of cross-organizational crisis management systems to protect against terrorism and cyber attacks that could disrupt social and corporate activities.

 

With regard to the recent string of corporate scandals surrounding Japan’s business community, including Kobe Steel’s product data falsification and Nissan’s inspection fraud using uncertified staff to inspect vehicles, Sakakibara merely expressed his view that “top management needs to actively resolve the issue by investigating the cause and preventing a recurrence.”

  • Ambassador
  • Ukraine
  • OPINION POLLS
  • COVID-19
  • Trending Japan