Sustainability

Contributing to sustainability of the global community

Engineering for Sustainable Growth of the Global Community

In 2009, TOYO established a Group MVV. Our mission is "Engineering for Sustainable Growth of the Global Community". The Engineering Company's role is to provide solutions that realize the harmony between “the supply of energy and materials” and “global environmental conservation”, which are indispensable for the sustainable growth of the global community, in response to customers’ various issues and the mission is to declare our determination to fulfill our role.
mission
Sustainability Basic Policy
TOYO's materiality (important management issues)

In recent years, natural disasters that have intensified with climate change have occurred around the world. We are convinced that sustainable development of the global community is at a stage that cannot be met by economic growth, which is one-way evolution. In response to a trend toward redefining corporate activities from the perspective of the SDGs adopted by the United Nations, TOYO's materiality has been set forth in the following four items: "Aim to realize an environmentally-friendly society", "Enriching people's lives", "People of diverse backgrounds engage in active, meaningful work" and "Establish an organization with integrity and discipline"
materiality

TOYO supported the Ten Principles of the United Nations Global Compact (UNGC), also expressed support for the Task Force on Climate-related Financial Disclosures (TCFD) as part of efforts to tackle climate change and disclosed based on TCFD recommendation.

Addressing Climate Change
Engineering value and mission

The value of engineering is "to meet the performance requirements, realize technical solutions, and create new value by combining, integrating, and deepening the elemental technologies that have been accumulated over the years". The pace of technological innovation is increasing every day, and the value of engineering services continues to expand indefinitely. This is precisely why TOYO is committed to fulfilling its mission as an engineering company that contributes to the sustainability of the global community by constantly anticipating the needs of the era and continuing to refine its technological capabilities.

SDGs : Materiality and Our Commitment

1.Aim to realize an environmentally friendly society
2.Enrich people’s lives
3.People of diverse backgrounds engage in active, meaningful work
4.Establish an organization with integrity and discipline

1.Aim to realize an environmentally friendly society
Risks

● Loss of business opportunities and decline in corporate value due to delayed action on technological development aimed at carbon neutrality, low environmental impact, and the future circular economy
● Hindered execution of plant construction as a result of increasingly frequent and severe natural disasters caused by abnormal weather conditions

Opportunities

● Innovations in environmentally friendly technology related to global warming prevention and waste recycling, and appearance of new business opportunities using these
● Increase in business opportunities related to carbon neutrality and the circular economy under a growing need for decarbonization and a circular economy

Our Commitment

Pursuit of low-environmental-impact plants
Contribution to the achievement of the circular economy
Pursuit of next-generation energy

KPI achievements
FY 2023:
5 cases

Examples of Projects:
- Liquefied hydrogen value chain CO2 capture
- Geothermal power plants
- Energy saving and GHG reduction services
Environment

Environment

Aim to realize an environmentally friendly society
2.Enrich people’s lives
Risks

● Market access restrictions, supply shortages, and supply chain problems due to increased regionalism and other factors; more severe low-price competition due to delayed technological innovation, etc.
● Stagnant demand for new plant construction as a result of insufficient funds and political instability caused by weak industrial infrastructure in emerging countries

Opportunities

● Increase in business opportunities related to securing the food, energy, etc. essential to daily life
● Expansion and smooth execution of local business through the utilization and training of talented local human resources in harmony with communities
● Creation of new business opportunities through technology transfer and job creation involving plant construction

Our Commitment

Contribution to energy security, strengthening of foundation for daily living, and resolution of food problems
Technology transfer and the strengthening of industrial infrastructure through business execution

KPI achievements
FY 2023:
- Food supply: 5 cases
- Energy supply: 8 cases
- Foundation of life: 17 cases
Examples of Projects:
- Food supply: Fertilizer plants
- Energy supply: Geothermal power generation and oil refining plants
- Foundation for daily living: Ethylene and pharmaceutical plants
Enrich people’s lives
3.People of diverse backgrounds engage in active, meaningful work
Risks

● Outflow of talented human resources and decline in technical capabilities, competitiveness, labor productivity, and motivation if failing to take suitable action
● Business continuity risks and the loss of trust from customers and communities due to occupational accidents

Opportunities

● Continued development via in-house communication of our Medium-term Management Plan strategy through employee retention
● Increased business creation opportunities through technological innovation and the maintenance and enhancement of our competitiveness, as a result of taking appropriate actions to secure talented human resources and boost both labor productivity and motivation

Our commitment

Training and development of human resources
Promotion of inclusion
Enhancement of worklife balance
Promotion of health management and enhancement of occupational safety and health

KPI achievements
FY 2023:
1. Rating of Employees' engagement survey:
  3.58 (5-point rating)
  (3.63 in the previous survey)
2. Lost Time Incident Rate (LTIR)^＊：
  0.11 (Exceeds KPI of 0.1 or less)
  * Total Lost Time Incidents×1 million/Employee-worked Man-Hours
Social

Social

People of diverse backgrounds engage in active, meaningful work
4.Establish an organization with integrity and discipline
Risks

● Business continuity risks caused by compliance failure and information security incidents
● Risks of major losses and business continuity risks caused by corporate governance failure

Opportunities

● Construction of a stable, resilient business execution foundation based on prompt, highly transparent decision-making under a solid governance system

Our Commitment

Corporate Governance
Compliance

KPI achievements
FY 2023:
1. Number of serious violations of compliance:
  0 cases
2. Number of Major Information Security Accidents:
  0 cases
Governance

Governance

Establish an organization with integrity and discipline