Kao Provides Updates on its ESG Strategy with the Kirei Lifestyle Plan Progress Reports

Kao Corporation, a leading Japanese Group known for its diverse brand portfolio, has recently released a progress report on its ESG (Environmental, Social, and Governance) strategy, the Kirei Lifestyle Plan. The report, featured in the Kao Sustainability Report 2024, highlights the company’s commitment to biodiversity, respect for human rights, DE&I initiatives, improved traceability for palm oil procurement, and the impact of ESG activities on financial results and business growth.

In response to the urgent global issue of biodiversity, Kao amended its policy on biodiversity in 2023 and disclosed information according to the TNFD framework. The company also continued its efforts to respect human rights by formulating a Diversity, Equity, and Inclusion (DE&I) Policy. Additionally, Kao is working towards establishing traceability in its palm oil supply chain to ensure sustainable procurement practices.

The progress report also includes quantitative data on the results of Kao’s ESG activities and their contributions to financial results and future growth as outlined in the Mid-term Plan 2027 (K27). The company’s commitment to sustainability and its impact on business operations are highlighted in the report, showcasing the alignment of ESG strategies with economic value added.

Kao’s Director, Managing Executive Officer, Dave Muenz, emphasized the company’s focus on optimizing business operations through ESG-focused Yoki-Monozukuri and delivering value to communities through social solutions. The Kirei Lifestyle Plan places the consumer at the center of its strategy, setting ambitious targets and direction for action.

Recognized for its sustainability efforts, Kao has been included in the CDP’s prestigious ‘A List’ for four consecutive years across climate change, forests, and water security categories. Additionally, the Ethisphere Institute has named Kao one of the World’s Most Ethical Companies for 18 consecutive years, highlighting the company’s commitment to ethical business practices.

New initiatives outlined in the report include Kao’s Action Policy on Biodiversity, which focuses on conservation efforts and information disclosure based on the TNFD framework. The company is actively engaging in promoting respect for human rights and DE&I, with a focus on responsibly sourced raw materials, inclusive workplaces, and employee wellbeing and safety.

In conclusion, Kao’s Sustainability Report 2024 showcases the company’s dedication to promoting a Kirei Lifestyle through sustainable practices and responsible business operations. By integrating ESG strategies into its management practices, Kao aims to create a more inclusive and sustainable society while driving business growth and financial results. For more information on Kao’s sustainability initiatives, visit their website.