The DIC Group Establishes the DIC Sustainability Index —A yardstick for measuring environmental impact reduction and contribution to society—
- News Release
Tokyo, Japan—As a manufacturer of fine chemicals, DIC Corporation works to contribute to the realization of a sustainable society by helping to resolve a number of key social imperatives. In a concrete move toward achieving this objective, the DIC Group has recently established its proprietary DIC Sustainability Index.
The basic concept of DIC’s current medium-term management plan, DIC111, is to transform the DIC Group’s business portfolio by focusing on businesses that deliver both social value and economic value, an approach it sees as central to its future vision, which is to become a unique global company that is trusted by society through the provision of value (safety and peace of mind, color and comfort). With issues such as waste plastic becoming increasingly urgent, the DIC Sustainability Index seeks to objectively express the social value that the Group can provide. Specifically, by simultaneously assessing environmental impact reduction from raw materials procurement to product shipment, and social contribution from shipment to ultimate disposal, the DIC Sustainability Index will serve as an objective indicator of the potential of businesses and products to contribute to the improvement of social value.
The DIC Group has pioneered the development of technologies and products that help eliminate single-use plastics, reduce food waste, and promote dietary diversification and barrier-free food, with the aim of contributing to society through enhanced food security. The DIC Sustainability Index will assist the Group’s efforts to promote the transformation of its business portfolio to one with a heightened emphasis on social contribution.
Going forward, the Group will assess all of its businesses using the DIC Sustainability Index and will use its findings in the setting of targets for its next medium-term management plan, which is scheduled to kick off in fiscal year 2022.
The DIC Group has earned high marks for its proactive efforts to promote sustainability, evidenced by its selection in 2019 for inclusion in the Dow Jones Sustainability Indices Index Asia Pacific Index, for the fifth consecutive year, as well as in numerous key environmental, social and governance (ESG) indices both in Japan and overseas. The DIC Sustainability Index will now assist the Group to identify risks and opportunities across its entire value chain, as well as to mobilize efforts, thereby helping to ensure achievement of the United Nations’ Sustainable Development Goals (SDGs) and attaining its future vision of becoming a unique global company that is trusted by society.
A detailed explanation of the DIC Sustainability Index is included in the 2020 edition of the DIC Report, the Group’s annual integrated report, which will be published on July 7 in Japanese and subsequently in English.
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