Corporate Governance

Corporate Governance

We are committed to excellence in corporate governance so as to reinforce our competitiveness, our compliance to laws and ethics and our responsibility to the environment.

Basic Policy

While pursuing economic and business efficiency, we will fulfill our corporate social responsibility by promoting compliance and transparent management and engaging in fair and legitimate business operations. To this end, we have established a corporate governance system to separate business execution and oversight, enhance mutual supervision and facilitate checks by external experts, including external directors and external corporate auditors.

Internal Control System

To ensure the compliance of the directors’ execution of duties with laws and regulations as well as the articles of incorporation, and to ensure the appropriateness of our other operations, we have put in place an internal control system. We have also established internal regulations for compliance, including Corporate Ethical Standards — codes of conduct for the directors and employees to comply with laws and regulations, the articles of incorporation and social norms.

Risk Management Structure and Internal Auditing

Under the supervision of the chief operating officer responsible for the Corporate Administrative Headquarters, the Risk Management Division strives to reduce corporate risk by taking appropriate precautions, preparing and revising manuals to handle risks if they emerge, and conducting internal audits.

Compliance

All our executives and employees are required to act appropriately as good corporate citizens in accordance with social norms during the course of business domestically and overseas. Our actions are to be based on sound moral values, and we are not to commit any illegal or dishonest acts. We are also expected to respect the cultures and customs of the country in which they are active.

 We endeavor to enhance and establish awareness of compliance among all executives and employees and aim to create a system that ensures our compliance with laws and regulations. More specifically, we have established a Compliance Committee that directly reports to the Board of Directors, and we have been providing education and training to increase awareness about compliance. We have been assessing our responses to compliance-related issues, our responses to non-compliant business activities and their outcomes; and the handling of reporting, consultations and claims regarding internal issues related to non-compliance.

 Executives and employees of our group of companies are united in efforts to maintain a sound work environment and execute orderly business activities that comply with the expectations of society.

Environmental Policy

 Philosophy

The Mitsui-Soko Group is committed to Green Management as part of our corporate social responsibility.

Policy

Under a corporate philosophy of contributing to society through our logistics business, the Mitsui-Soko Group aims to earn greater trust from society by putting concerns for the global environment at the forefront of concerns.

• We shall comply with laws, regulations, etc. related to environmental conservation.
• We shall pay due concern to the environmental impact of our business and promote the following initiatives aimed at environmental conservation:
  1. Improve energy efficiency such as through maintenance inspections of facilities and equipment and the installation of energy-saving machinery and vehicles.
  2. Promote proper disposal and recycling of waste products.
  3. Save energy and resources as well as reduce waste generation; prioritize the usage of Eco Mark products.
  4. Work on co-existing with communities and promoting environmental conservation as a company that is engaged in protecting the environment.
• We shall work on continuously improving our environment management system by understanding the status of our conservation initiatives and by devising, promoting, and reviewing an action plan with stated targets for improvement, etc.
• We shall strive to improve understanding and awareness of environment protection among Mitsui-Soko Group employees and provide support through environmental education and public relations activities to enable each and every employee to voluntarily engage in initiatives aimed at environmental conservation.
• These environmental policies shall be made public, through posting on the company website and other means.

Anti-Global Warming Strategy

Global warming is an environmental crisis that affects everyone. The earth’s atmosphere is overloaded with carbon dioxide, which gives rise to disruptions in the climate with serious consequences.

We are committed to reducing the amount of energy consumption and carbon dioxide emissions in our business operations through the use of cleaner and less polluting technologies, increased use of renewable energy and increased energy efficiency.

LED Lighting

We are proactively switching the lighting in our facilities from energy-consuming incandescent and fluorescent lights to the more environmentally friendly option of LED (light emitting diode) lights. LEDs consume 12.5 watts of electricity to produce about the same amount of light as a 15-watt compact fluorescent lamp or a 60-watt incandescent. Its high-efficiency and long-lasting attributes makes it a better option  that gives significiant savings in energy costs.