Stakeholder Engagement
The Fuji Oil Group’s stakeholders
The Fuji Oil Group has identified the main stakeholders on whom our business activities can exert a positive or negative impact.
Stakeholder engagement and goals | Our responsibilities | Touchpoint examples (frequency) | FY2022 initiatives | |
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Employees | Human resource is critical to the social and corporate value creation of the Group. We are committed to respecting the diversity of all employees, and creating workplaces where they can make the most of their abilities and work in a safe and secure environment. |
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Shareholders and investors | Gaining the understanding and support of our shareholders and investors is essential to increasing our corporate value. We are committed to timely, appropriate, and highly transparent information disclosure and dialogues. We will use the evaluations and opinions we receive to improve our sustainability management. |
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Customers | Customers are our key partners in building a sustainable food system. We will build lasting relationships with them by engaging in better communication and offering the unique value created by the Group. |
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Business partners and subcontractors supply chain workers |
Our business partners, subcontractors, and supply chain workers are key partners in building a sustainable food system. We will promote understanding of the Fuji Oil Group’s policies and build trustful relationships through fair and equitable transactions in order to grow sustainably together. |
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Consumers | Consumers are the important beneficiaries of the sustainable future of food. We are committed to understanding consumer needs and promoting ethical consumption by raising awareness and making products widely available, and will reflect the feedback we receive in our product development and service improvement. |
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Local communities | To ensure smooth business operations, it is important to live in harmony with local communities. We contribute to the development of local communities by engaging in environmental conservation, supporting safety, and providing food education and job training. |
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NGOs/NPOs and experts | Cooperation with NGOs/NPOs and experts is essential in carrying out activities addressing global social issues. We will use their expert perspectives and dialogue to expand and strengthen our sustainability activities. |
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Academic organizations | Expert knowledge and scientific evidence are needed to continue creating social value. We carry out open innovation in collaboration with academic organizations to strengthen our human capital and accelerate the creation of sustainable food resources. |
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National/governmental agencies Industry organizations |
National and governmental agencies and industry organizations are important supporters in the promotion of sustainability. We will deepen cooperation and accelerate our efforts to address social issues in order to contribute to the development of not only the industry, but also countries and regions. |
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Dialogue with stakeholders
Stakeholder dialogue is an essential activity for the Fuji Oil Group and sets the foundation for our sustainability management. Through dialogue, we identify stakeholders’ expectations and concerns regarding our activities, which allows us to make improvements and meet our responsibilities as a corporate citizen. We also use the results of this dialogue to identify material ESG issues and formulate our Sustainability Report.
Actions taken following dialogues with experts
(Example: Incorporating expert opinion)
In FY2022 we established the Fuji Oil Group Human Rights Guidelines to address human rights issues related to Group workplaces and employees. These guidelines were based on a discussion held in FY2021 between our Human Resources Department, our ESG Division and BSR, an organization specialized in business and human rights.
We also exchanged views with information disclosure experts to further increase our transparency and disclose information in a timely and appropriate manner. In addition to the points they raised, we also considered the latest standards of ESG assessment organizations and made improvements accordingly.
Actions taken following dialogues with experts
- Established the Responsible Palm Oil Sourcing Policy (March 2016)
- Conducted our first human rights due diligence (2016)
- Formulated the Human Rights Policy and introduced human rights due diligence (April 2017)
- Established and announced a grievance mechanism (May 2018)
- Published a list of palm oil mills in our supply chain (June 2018)
- Formulated the Responsible Cocoa Beans Sourcing Policy (August 2018)
- Disclosed an updated Grievance Procedure (April 2020)
- Performed our second human rights due diligence (2020)
- Published a Supplier Code of Conduct (April 2021)
- Formulated the Responsible Soybeans and Soy Products Sourcing Policy (June 2021)
- Formulated the Responsible Shea Kernels Sourcing Policy (June 2021)
- Revised the Fuji Oil Co., Ltd. CSR Procurement Guidelines (3rd Edition) (November 2021)
- Established the Fuji Oil Group Human Rights Guidelines (March 2023)
External initiatives we support and participate in
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September 2004
Roundtable on Sustainable Palm Oil (RSPO)
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February 2012
World Cocoa Foundation (WCF)
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December 2012
UN Global Compact Network Japan (GCNJ)
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2013
Global Shea Alliance (GSA)
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January 2013
UN Global Compact (UNGC)
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2015
Shea Network Ghana
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December 2016
Male Leaders Coalition for Empowerment of Women by the Japan’s Cabinet Office
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March 2017
The Consumer Goods Forum
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May 2019
Task Force on Climate-related Financial Disclosures (TCFD)
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October 2019
Japan Sustainable Palm Oil Network (JaSPON)
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April 2020
Platform for Sustainable Cocoa in Developing Countries
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May 2020
Round Table on Responsible Soy (RTRS)
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May 2020
Approved by the Science Based Targets initiative (SBTi)
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June 2020
The Palm Oil Collaboration Group (POCG)
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April 2021
Japan Business Initiative for Biodiversity (JBIB)
Endorsing the UN Global Compact
