The Kao Corporation, a leading global company in the beauty and personal care industry, has recently released its progress report on its ESG (Environmental, Social, and Governance) strategy—the Kirei Lifestyle Plan in the Kao Sustainability Report 2024. The report highlights the company’s commitment to sustainability, human rights, and diversity, as well as its efforts to ensure responsible sourcing of raw materials like palm oil.
One of the key focuses of the report is on Kao’s efforts to respect human rights, which the company considers the foundation of all its corporate activities. In line with this commitment, Kao has formulated a Diversity, Equity, and Inclusion (DE&I) Policy to promote a more inclusive work environment for its employees and business partners.
In terms of responsible sourcing, Kao aims to establish traceability throughout its palm oil supply chain, all the way down to the oil palm plantations, to ensure sustainable procurement practices. This is part of the company’s broader efforts to reduce its environmental impact and promote sustainable practices across its operations.
Dave Muenz, head of Kao’s ESG Division, emphasized the company’s commitment to sustainability and its vision for the future. He stated, “In 2023, we accelerated our initiatives looking towards our mid-term plan K27 with the visions of ‘sustainability as the only path’ and ‘protecting future lives’. In the Kao Sustainability Report 2024, we share our progress in the three commitments of the Kirei Lifestyle Plan looking towards the year 2030, as well as new efforts to promote the Kirei Lifestyle.”
The report also highlights Kao’s efforts in biodiversity conservation. The company has assessed the financial impact of biodiversity risks and has registered as an adopter of the TNFD framework, which aims to promote nature-positive biodiversity strategies. Kao will continue to take specific actions to address biodiversity risks and set target objectives to protect and preserve natural ecosystems.
Furthermore, Kao has made significant strides in promoting human rights and diversity within its organization. The company accelerated its DE&I initiatives and introduced a new DE&I Policy in June 2023. Through various programs and initiatives, Kao is working to create a more inclusive society for its employees, business partners, and all stakeholders.
Overall, the Kao Sustainability Report 2024 demonstrates the company’s ongoing commitment to sustainability, responsible sourcing, and social responsibility. By sharing its progress and future goals, Kao is setting a positive example for the industry and reaffirming its dedication to creating a more sustainable and inclusive world.
In conclusion, Kao’s efforts to promote sustainability, respect human rights, and foster diversity and inclusion are commendable. As the company continues to make progress towards its sustainability goals, it is setting a high standard for the industry and inspiring others to follow suit. With its focus on responsible sourcing and environmental stewardship, Kao is leading the way towards a more sustainable future for all.