Contents

Introduction

Management

Social (S)Environment (E)Governance (G)Recognition / Assurance

To Our Stakeholders | TOPPAN’s Sustainability Initiatives | Message from an External Director

Message from an External Director
The Direction for the TOPPAN Group’s Sustainability Management Going Forward
Mieko Nakabayashi
External Director

Developing Human Assets to Drive Solutions in a
Turbulent World

Contributing to Fulfillment and Happiness While
Balancing Sustainability and Economic Activity

work together on sustainability management. Investors areCompanies must continuously transform to survive and grow.

The world is at a historic watershed as it faces complex,

starting to demand effective ESG practices. Organizations

Efforts to drive DX and SX under the key concept of “Digital &interrelated issues, such as Russia's invasion of Ukraine andcomposed of global institutional investors are changing their

Sustainable Transformation” embody TOPPAN's awareness ofhigh inflation after the pandemic. This situation is known aspolicies to focus on pressing companies to take concrete action.

this need. TOPPAN has committed not just to transforming its

VUCA (volatility, uncertainty, complexity, ambiguity), a concept

For example, international investors have launched the Climate

portfolio and raising enterprise value, but also to leadingthat rapidly began to attract the business world's attention in theAction 100+ (CA100+) initiative, which urges companies tosolutions to social issues on a global scale.

2010s.

Coherent Action Based on Global Collaboration
It is increasingly important for TOPPAN Group companies toaccelerate decarbonization. More than 700 institutional

The G7 Hiroshima Summit this year was a focus of

In a world of accelerating VUCA, the TOPPAN Group has

investors participate, and there are also several funds focused

attention due to its importance, and “economic security” was ondevised its Purpose & Values and committed to management

on decarbonization. They will no doubt scrutinize not just verbal

the agenda for the first time. Agreement was also reached on thefrom a long-term perspective. Recent years have seen a backlash

commitments, but also capital investment plans forneed for rules for generative AI. Growth of the digital sector isagainst the SDGs and a tendency to return to short-term

decarbonization. Companies will need to demonstrate that theirrapid, and the issue is directly related to national security.

thinking. However, financial statements are not enough toefforts are not just for show, so called greenwashing.

Although pressure on Russia and China was said to be aimed

respond to capital markets wanting to know how resilient

TOPPAN needs to see this as an opportunity, take thenot at decoupling but at risk mitigation, it appears Japanese andcompanies are over the long term. Long-term sustainability

initiative in disclosing investment and other plans, and ensure

American semiconductors are flowing into Russia via China andmanagement could be rephrased as a company's ability to look

policies are entrenched at entities overseas. From theother countries, contributing to the continuation of the war.

ahead.

perspective of governance, coordination between entities in

Supply chain restructuring is a critical issue, including

Japan and overseas will be vital to ensure consistentaddressing the Global South.

sustainability management across the Group. It is not an easy

The TOPPAN Group needs to strike a balance between
sustainability and economic activity, something filled withIn this turbulent situation, the TOPPAN Group must securecontradictions. It is important to build a consensus withmission, but with the transition to a holding company structureand develop global human assets while keeping an eye on thestakeholders and civil society. Proactively disclosing non-as the launchpad, there is value in taking on the challenge.

world order based on the rule of law. To contribute as a company

financial information will be a driving force. The TOPPAN

that leads the world, human asset development targeting true

Group has a key role to play in enabling true fulfillment anddiversity is required.

happiness while demonstrating that they can go hand in handwith business.

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Sustainability Report 2023