“INNOVATION” -- how we behave
23. Bold and Farsighted ......................................................................................................................................................................... 2
24. Open Innovation ............................................................................................................................................................................... 31

<Teijin Group Code of Conduct Practice Aid>
23. Bold and Farsighted

We challenge ourselves fortransformation, and provide
innovative solutions,⚫

We stay perceptive to future society’s needs by being observant of changes in theworld and boldly innovating and creating revolutionary products and services.

anticipating the needsof our customers
and society.

Preface
We embrace the next 100 years by putting the concept of “THINK HUMAN” at the center of our focus. We act on thiswithout fear of change and without shying away from removal of conventional thoughts/practices if needed.

How to Behave(1)

Cultivate sensitivity

We refine our imagination and creativity in order to identify society’s or customers’ hidden needs and create newvalues that everyone is still not aware of.
(2)

Anticipate the needs of future society

We predict upcoming changes and issues by visualizing ourselves looking back from the future. We use this method toconsider countermeasures to solve upcoming changes and issues. We imagine how the world would be for future
generations and plan for sustainable growth.
(3)

Continuous change and challenge

We challenge ourselves proactively to change the world instead of waiting for the world to be changed.
(4)Long-term vision

We capture business opportunities with following long-term vision of Teijin Group (“a company that supports thesociety of the future”). We solve various issues of the society with identifying the points to be focused and utilizing thestrengths of Teijin Group.

Relevant SDGs2

24. Open Innovation⚫
We challenge ourselves fortransformation, and provide
innovative solutions,anticipating the needs

We create better ideas, technologies, and processes, taking full advantage of the“positive chemistry” that diverse opinions and perspectives provide. We
transform ourselves by thinking outside the box.

of our customers
and society.

Preface
We gather various facts, information and skill proactively from internal and external sources to extend our knowledge.

How to Behave(1)

Variety of innovation

We transform new ideas into solid business opportunities to be used widely in the society. We generate new products
and services (product innovation) through pursuing new ways and methods (process innovation) from diverse
perspectives.
(2)

Open innovation

We encourage open innovation for business creation. We establish broad networks, including external parties, in order
to initiate joint development and knowledge sharing instead of conducting every process (such as R&D, production orsales) internally.
(3)

Collaboration among the divisions / departments

We exchange human resources and knowledge among our divisions/departments in order to create new value as it
could generate fresh and innovative ideas among different specialists.

Relevant SDGs

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