Companies are members of a society that must contend with many issues, and as such they should understand and deal with those issues from a long-term perspective, and contribute to a sustainable society by providing value through their business. This approach is increasingly necessary if we are to recover from the stagnation resulting from the COVID-19 pandemic.
"Committed to People, Committed to the Future." is the long standing Basic Commitment of the Toshiba Group, a statement that expresses our enduring credo to contribute to the development of society through our business. Since our founding, with the venture spirit that has inspired Toshiba for many generations, Our Purpose has been to combine the power of invention with our expertise and desire for a better world, to tackle increasingly complex and serious social issues, and, together with our customers and business partners, to "turn on the promise of a new day."
We are about to engineer a strategic reorganization that will change Toshiba Group’s structure, and allow us to manage our businesses in ways that best fit the characteristics of each business and its business environment. More specifically, toward solving problems facing the world, such as responding to climate change and building sustainable infrastructure in response to disasters that are growing in scale and complexity, we will establish new companies: Infrastructure Service Co., which will take the lead in realizing carbon neutrality and resilient infrastructure; and Device Co., which will lead the way in the development of social and information infrastructure. By creating a thoroughly professional and agile management structure, we will strengthen our competitiveness and ability to create value. Through these measures, we will strive to meet the expectations of all of the stakeholders that support Toshiba Group, and to improve our corporate value.
In order to secure sustainable improvement of corporate value, we will continue to prioritize life, safety and compliance over all other management issues, and to act with a strong awareness that we will never allow actions that undermine the healthy relationship of trust with our stakeholders. As a signatory to the United Nations Global Compact, we are striving to strengthen our environmental, social and governance (ESG) performance, and collaborating with our various stakeholders to build ethical and transparent management foundations and to create rich value. We have set our focus on 10 SDGs* in particular, and we will work to maximize positive impacts and minimize negative impacts for each of these goals, and to contribute to the achievement of the SDGs through our corporate activities.