Sustainability - De Castro Group’s Vision
The De Castro Group recognizes the importance of both “sustainable growth of corporate value” and “contributing to sustainable society”. Our aim is to create value by contributing to a sustainable society and in turn, generate high earnings to enhance the corporate value of the company. This cyclical process allows us to continually contribute to a sustainable society while also promoting the growth of our corporate value.
Vision
In response to recent major changes in the environment, such as climate change and the COVID-19 pandemic, De Castro Group’s commitment to “People, Planet and Profit” has become even more important.
Given this context, De Castro Group will take on the following challenges as we look toward 2050.
Sustainability Policy
The De Castro Group is dedicated to enhancing the quality of life for individuals worldwide. We aim to achieve two synergistic elements of sustainability: promoting a sustainable society and ensuring sustainable growth of our corporate value. Our strategy involves generating value through socially responsible initiatives that result in high profits, thus enabling us to further invest in creating a virtuous cycle of continued contributions to society and the environment.
In order to achieve this, we pursue optimal corporate governance while practicing the following:
Responsible Business Activities
- Complying with laws/regulations and respecting international standards regarding business activities (Compliance)
- Prioritizing ESH (environment, safety, and health), human rights, and quality assurance throughout all of our activities
- Performing appropriate information disclosure and dialogue with our stakeholders
Empowerment of Personnel
- Respecting diversity and inclusion
- Encouraging each employee’s growth, performance, and challenging spirit
Materiality and SDGs
De Castro Group effort for the SDGs
In September 2015, the UN Sustainable Development Summit adopted the 2030 Agenda for Sustainable Development with an aim to transform the world. The agenda comprises 17 Sustainable Development Goals (SDGs) and 169 targets that focus on ending poverty and inequality, as well as taking action on climate change.
Identifying Our Materiality
Identifying Issues
We consulted ISO 26000, GRI Standards, and LUSH criteria. Evaluated by ESG organizations, ensuring our mission, vision, and values align with societal demands. Comprehensive and thorough approach addressing key concerns.
Determining the Impact
Assessed issues' impact on society and our organization. Mapped impacts onto two axes, prioritizing actions. Strategically aligned with objectives and expectations, addressing critical areas efficiently and effectively.
Evaluating Validity
Verified plan's validity through examinations from multiple perspectives. Included deliberations among managers, discussions with companies, and interviews with external directors. Ensured robust, well-founded approach meeting desired outcomes and standards.
RELATIONSHIPS WITH STAKEHOLDERS
At the De Castro Group, we recognize that earning our stakeholders’ trust is crucial to our business operations. We strongly believe that meeting the needs and expectations of our customers, shareholders, investors, business partners, local communities, general public, and employees is essential to enhance our corporate value. Therefore, we provide numerous opportunities for communication to facilitate dialogue with stakeholders to gain a better understanding of their expectations and requirements, which in turn improves our business operations.
Communication with stakeholders.
ENVIRONMENT
Environmental Management
We recognize environmental initiatives as important management tasks, and as such, we have implemented a group-wide management system.
Climate Change
We undertake actions to address climate change by diminishing the release of greenhouse gases and fostering cutting-edge technologies.
Pollution and Natural Resources
Our goal is to promote resource efficiency and facilitate resource circulation by optimizing the use of natural resources and energy at every stage of our products’ life cycle.
Water Resource Preservation
We improve the efficiency of our water usage in all business activities while contributing to the preservation of global water resources.
Biodiversity
We prioritize the sustainable utilization of biological resources in our business operations, considering the preservation of biodiversity.
Environmental Contribution Products
We classify products supporting environmental improvement throughout their life cycle as "environmental contribution products," and we are dedicated to making progress in this regard.
SOCIETY
Quality Assurance
We ensure that our products and services are safe and reliable for our customers, and we prioritize authentic communication with them.
CSR Procurement
We collaborate with our suppliers to promote CSR by engaging in fair and transparent business activities that consider environmental issues and human rights.
Human Resources
We respect each and every employee and aim to create a rewarding and vibrant workplace.
Human Rights
We uphold the human rights of all individuals engaged in the De Castro Group’s business operations and promote their full potential.
Health & Productivity Management
We engage in diverse activities based on an occupational safety management system to achieve employee health and safety in the workplace.
Process Safety
We continually make voluntary efforts to ensure operational safety.
Social Activities
Our objective is to support the development of local communities by engaging in active communication with community members and promoting a diverse community fellowship program in various regions.
GOVERNANCE
Corporate Governance
We are committed to continuously improving our corporate governance by utilizing a transparent, fair, prompt, and proactive decision-making system that adapts to changes in the business environment.
Compliance
We aim for a higher level of corporate ethics in all of our business activities. This includes not only compliance with laws and regulations, but also social norms.
Risk Management
We have established and are strengthening basic rules for risk management in our business operations and addressing contingencies.
| Stakeholder | Basic Premises | Main Opportunities |
|---|---|---|
| Clients | Eco-friendly amenities, Sustainable travel packages Experiences | Attract conscious consumers seeking eco-conscious luxury Develop unique, sustainable travel experiences |
| Employees | Green workplace practices, Employee wellness programs, Sustainability training | Fostering a healthy and eco-conscious work environment. Empowering and upskilling employees in sustainable practices |
| Suppliers/Partners | Collaboration with eco-friendly suppliers, Promoting sustainable practices in the supply chain | Building a sustainable supply chain network Partnering with suppliers committed to eco-friendly practices |
| Local Communities | Community engagement programs, Support for local initiatives, Job creation | Strengthening relationships with local communities. Contributing to local economic development and well-being |
| Environment | Carbon-neutral operations, Renewable energy adoption, Waste reduction and conservation efforts | Minimizing ecological footprint Contributing to global environmental preservation |
