Publication of the azbil report 2024
TOKYO, October 22, 2024: Azbil Corporation (Tokyo Stock Exchange code 6845) has published its integrated report, the azbil report 2024. Using its automation business to solve the issues faced by society and its customers, and contributing in series to the realization of a sustainable society, the azbil Group aims to achieve its own growth and contribute to societys well-being. We believe that our growth enhances each employees sense of achievement and personal growth, and leads to the well-being of all employees. The azbil report 2024 is an integrated look at the Groups unique initiatives and value-creation story, stretching from management plans and business strategies to innovation strategies involving R&D and DX, as well as the core strategies that underpin these, such as investing in human capital, and corporate governance initiatives.
Ongoing changes in society and the business environment are giving rise to a variety of new issues, expanding the potential roles for our automation business and thus generating new opportunities. By seizing these and responding to the growth in demand, we aim to contribute to the realization of a sustainable society, and to achieve our own medium- to long-term development, increasing our enterprise value.
The azbil report 2024 starts with the DNA of the azbil Group—to contribute to societys development, using advanced technology to free people from drudgery, has been our aim for nearly 120 years, since the founding of the original company in 1906—and continues all the way up to our current sustainability management initiatives. It covers the progress of business initiatives, risks, and innovation strategies (R&D and DX) that will drive growth, as we strive to contribute in series to the realization of a sustainable society and attain our long-term targets (FY2030) and medium-term plan (FY2021-FY2024).
It is human capital that supports what we do and how we grow, and regarding initiatives for developing this resource, in addition to the provision of trainings and the creation of a comfortable work environment, the report covers measures that lead to enhanced employee satisfaction and engagement, such as our distinctive Employee Stock Ownership Plan, which combines financial strategies and employee benefits. Additionally, we explain our work regarding environment, social, and governance (ESG), which will ensure the Groups sustainable development. This includes our decarbonization transition plan, which aims to achieve net-zero CO2 emissions (scopes 1+2+3) by 2050; our initiatives for resource recycling, biodiversity conservation, etc.; and our efforts to ensure human rights due diligence in the supply chain. The azbil report 2024 also provides information on the status of our initiatives to reduce CO2 emissions in collaboration with our business partners. As regards corporate governance, following Azbil Corporations transition to a company with a three-committee board structure in June 2022, we continue our efforts to enhance management transparency and soundness, as discussed in this report by the three outside directors who chair those committees.
Guided by the philosophy of human-centered automation, the azbil Group aims to ensure its own medium- to long-term development and to continuously improve enterprise value by making contributions that lead in series to a sustainable society through its business activities.
* Posted information is accurate as of the date of announcement.
