Asics Corp

Lobbying Governance

AI Extracted Evidence Snippet Source

→ **Board of Directors oversees the ASICS sustainability** strategy and ensures sustainability is integrated and prioritized in our corporate objectives. → **Sustainability Committee chaired by ASICS President,** CEO and COO; reports to the Board of Directors. Responsible for reviewing strategy and action plan and reporting on progress against targets. → **Risk Management Committee chaired by ASICS** President, CEO and COO; reports to the Board of Directors. Responsible for reviewing priority risks and action plan and reporting on progress against it. → **Human Rights Committee formed in November 2022;** operates under the Risk Management Committee. Our governance bodies are responsible for dealing with violations of ASICS policies and reports of critical concerns. We encourage our colleagues and business partners to report violations using our confidential, anonymous whistleblowing service, so we can carry out corrective measures promptly. The process, which is outlined in our Global Whistleblowing System under the Global Policy on Protected Disclosure, maps out the procedure by which we will work to remedy any human rights impacts we cause. This includes establishing a process for remediation and providing anonymous reporting to employees, subsidiaries, suppliers, and partners. Ultimately, the system leads to critical concerns being reported to the Audit & Supervisory Committee. [...] **Governance** The Board of Directors oversees both climate-related risks and opportunities in our sustainability governance model. The Risk Management Committee manages climate-related risks, including assessment and monitoring of the climate-related risks, and the Sustainability Committee manages climate-related opportunities, including assessment and monitoring of the progress of our science-based emissions reduction targets. The President, CEO and COO is a member of the Board of Directors and the chair of both committees, and both committees report to the Board of Directors. The members of both committees are the Executive Officers and the Senior General Managers. The Sustainability Committee is responsible for reviewing our corporate-wide sustainability strategy, targets, roadmap, action plans and progress, as well as reviewing materiality assessments and integrating sustainability into our business strategy. The Sustainability Division is responsible for setting and managing the medium- to long-term sustainability strategy based on our materiality assessment, which includes "climate action" as one of the high priority topics. Other Committee members are responsible for participating in the discussions, providing information and opinions, and reporting the progress towards science-based targets and the roadmap and action plans. The Deputy Director in charge of Sustainability Division and Senior General Manager of the Sustainability Division also report directly to the President, CEO and COO. The annual performance against the targets linked to "climate action" in each division is a component of determining the compensation of the relevant Executive Officers and the Senior General Managers.

https://assets.asics.com/system/libraries/1577/ASICS%20sustainability%20report%202022.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We ensure that our policy influencing activities are consistent with our climate change strategy by involving and/or updating senior management regularly. Our climate change strategy; within our sustainability strategy; is a priority aspect and it determines how and what policy we seek to influence via our involvement in trade organizations. Our President was involved in the development of ASICS' Vision 2030, and is updated regularly on progress against our targets through the Sustainability Committee and Risk Management Committee meetings.
Within the WFSGI, or other industry-level organizations the most senior ASICS representative informs the ASICS President of any relevant organizational viewpoint developments which might impact on ASICS climate change strategy. The ASICS representative is tasked with representing the ASICS strategy within each organization. Any minor risks of inconsistencies per organization are managed via the inclusion of regular status updates to senior management.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023