We are committed to addressing social challenges
with an eye toward realizing a sustainable society and enhancing corporate value.
Toward the Realization of a Sustainable Society
We believe that pursuing initiatives in sustainability is precisely what it means to practice Obayashi Basic Principles, which is the very essence of conducting our corporate activities.
Our vision and mission in society has been set forth as the Obayashi Philosophy, and the Obayashi Code of Conduct has been set forth as the guidelines for achieving that.
We will show our initiatives toward the realization of a sustainable society, in line with our Code of Conduct.
Provide high-quality buildings, infrastructure, and services
We earn the trust of customers by providing safe, secure, high-quality buildings,
infrastructure, and services, exercising honest craftsmanship, and employing innovative technologies.
Foster an environmentally responsible society
We foster a sustainable society with a low carbon footprint,
a commitment to recycling, and a deep respect for the natural world.
Build stronger mutual trust with suppliers
We conduct fair transactions with suppliers and build stronger mutual trust with them as partners who can grow with us.
Build good relationships with communities
We respect local cultures and customs wherever we work and promote harmony with society as a good corporate citizen.
Ensure strict adherence to corporate ethics
Comply with laws and regulations and take a sensible course of action ／ Promote fair and free competition ／
Maintain appropriate relationships with stakeholders ／ Avoid all contact with antisocial forces ／ Ensure appropriate information disclosure and transparency of management
From the view point of ESG (Environment, Social, Governance),
we are clarifying and promoting initiatives to solve social challenges and realize a sustainable society.
Supporting Global Initiatives
In order to realize a sustainable society, we are not only implementing the Obayashi Basic Principles but we are engaging in many activities aimed at meeting the expectations and demands of society, based on various guidelines.
Participation in the United Nations Global Compact
Obayashi joined the UN Global Compact(*1) in August 2013. The UN Global Compact supports ten principles relating to areas of human rights, labor, environment, and anti-corruption. We will promote our business activities with a high sense of responsibility and global perspective in order to promote responsible business to contribute to the creation of a sustainable society.
*1 UN Global Compact
The Compact was advocated by then UN Secretary-General Kofi Annan in 1999, then officially launched in 2000 at UN Headquarters in New York. It is an international initiative to achieve healthy globalization and a sustainable society. It calls for the rollout of corporate strategies and activities that comply with and put into practice ten principles in four areas: human rights, labor, environment and anti-corruption
The Ten Principles of the UN Global Compact
|UN Global Compact||Action in Accordance with the Obayashi Basic Principles|
|Human Rights||Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and||
Value every one of our associates
|Principle 2: make sure that they are not complicit in human rights abuses.|
|Labor||Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;||
Value every one of our associates (Human resources) (Health and safety)
|Principle 4: the elimination of all forms of forced and compulsory labor;|
|Principle 5: the effective abolition of child labor; 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;||
Foster an environmentally responsible society
|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.||
Ensure strict adherence to corporate ethics
Initiatives for Sustainable Development Goals (SDGs)
We link SDG's goals(*2) to our business in accordance with the Obayashi Basic Principles. We will continue making contributions through our business to overcome the ESG challenges and achieve the goals of the SDGs.
*2 Sustainable Development Goals
The UN Sustainable Development Summit was held at UN Headquarters in New York City in September 2015. The outcome was "Transforming our World: the 2030 Agenda for Sustainable Development," a document adopted by the more than 150 heads of UN member states in attendance. The plan of action for people, planet, and prosperity sets out 17 goals with 169 specific targets as the Sustainable Development Goals (SDGs). It calls on enterprises to make proactive efforts to achieve these.
Relationship between Obayashi Code of Conduct and SDGs
Other guidelines taken into consideration
- Universal Declaration of Human Rights
- International Labor Organization's Declaration on Fundamental Principles and Rights at Work
- GRI Standards
- UN Guiding Principles on Business and Human Rights
- Keidanren (Japanese Business Federation) Charter of Corporate Behavior
- International Integrated Reporting Framework
Management policies, including the policy on ESG initiatives, is determined by the Board of Directors and each division conducts its business based on that policy. The company has also established individual committees to handle important matters such as selection of directors and remuneration, the basic policy on the environment and other aspects of corporate social responsibility (CSR), and corporate ethics. Each committee pursues its respective initiatives.
|Major Committees||Head of the Committee||Times Committees Held|
|The results of discussions concerning candidates of directors and officer remuneration, and other relevant matters in each committee are petitioned to the Board of Directors.||Outside director (the committee consists of a majority of outside directors)||Once a year or more
* FY 2018.3 results
Recommendation Committee: 4 times a year
Remuneration Committee: 4 times a year
|CSR Committee||Formulates the basic policy on the environment and other aspects of CSR and measures for promoting activities, and review the status of implementation of the Obayashi Code of Conduct.||President||Once a year|
|Corporate Ethics Committee||Formulates measures to promote awareness of corporate ethics and compliance with corporate ethics, conducts investigations to uncover the facts concerning incidents that violate corporate ethics, and formulates measures to prevent recurrence.||President||Once a year
* The subsidiary Corporate Ethics Promotion Committee (chaired by the officer responsible for Compliance) meets three times a year.
|Crisis Management Committee||Raises awareness of crisis management and takes other steps to prevent circumstances that would inflict serious damage on corporate management and corporate business activities or adversely impact society, and takes action to mitigate the damage, should an incident occur.||President||As needed|
|Technology Strategy Committee||Promotes research and development relating to construction and peripheral businesses, including IoT and AI, that will contribute to achieving a sustainable society.||President|
|Suppliers and Labor Committee||Formulates the basic policy on supplier guidance and maintaining and improving the work environment for skilled workers who work at construction sites, and promotes initiatives.||President|
|Central Health and Safety Committee||Promotes initiatives that contribute to prevention of accidents in the work place and to improvement in health and safety.||Executive officer||Meets regularly, twice a year
|Human Rights Awareness Promotion Committee||Promotes resolution of human rights issues and awareness of human rights, based on the Obayashi Statement on Human Rights.||Executive officer||Meets regularly, Once a year
|Career Development Committee||Promotes effective training of employees, and formulates and promotes measures to develop employees and their skills.||Executive officer|
We consider stakeholders to be anyone who is impacted economically, environmentally or socially by our business, as well as those who have an impact on the Group. Through various aspects of our business, we value interactive communication with stakeholders, we reflect the opinions and requests of stakeholders in our business activities, and we respond to the expectations and demands of society.
Our Specific Communication Tools
|For Stakeholders||Main Communication Tools & Details|
Shareholders & Investors
Scope of Report
Reports related to sustainability cover the Obayashi Group. These reports cover the main results reporting period for fiscal year ended March 31, 2018 (April 1, 2017 to March 31, 2018), and also cover some results and activity content from previous or later period.
Latest update : March 2019