In order to improve corporate value over the medium to long term, it is necessary to heighten all of the capabilities of a company related to financial and non-financial information. In order for Konica Minolta to reinforce its standing as a corporation with strength in global operations, we will also proactively enhance our capabilities in non-financial information, primarily in ESG.
We have defined six areas of materiality. They are "Diversity," "Human capital," "Responsible supply chain," "Customer satisfaction and product safety" and, shown in a different color, "Social innovation" and "Environment." In "Environment," while affirming a long-term vision to cut CO2 by 80% from 2005 levels by 2050, we will share our environmental know-how with customers and suppliers in order to realize carbon-minus status for the supply chain as a whole. Additionally, with regard to "Social innovation," in digital on-demand printing - a focus area for us - and other businesses, we will shift away from mass production and mass disposal and contribute to the global environment by providing solutions for social issues "on demand." What this means is that strengthening our businesses leads to improvements in corporate value. In governance matters also, we have begun work on deepening strategic discussions at Board of Directors meetings, on taking a proactive approach to governance and on reviewing the compensation system for executives such that it is linked to the Medium Term Business Plan.
In order to continuously move forward with this kind of improvement to corporate value, I would like Konica Minolta to return to its strengths once more and to polish the skills and abilities of our origins, for which reason "Strengths" appears on the next slide.
We have defined six areas of materiality. They are "Diversity," "Human capital," "Responsible supply chain," "Customer satisfaction and product safety" and, shown in a different color, "Social innovation" and "Environment." In "Environment," while affirming a long-term vision to cut CO2 by 80% from 2005 levels by 2050, we will share our environmental know-how with customers and suppliers in order to realize carbon-minus status for the supply chain as a whole. Additionally, with regard to "Social innovation," in digital on-demand printing - a focus area for us - and other businesses, we will shift away from mass production and mass disposal and contribute to the global environment by providing solutions for social issues "on demand." What this means is that strengthening our businesses leads to improvements in corporate value. In governance matters also, we have begun work on deepening strategic discussions at Board of Directors meetings, on taking a proactive approach to governance and on reviewing the compensation system for executives such that it is linked to the Medium Term Business Plan.
In order to continuously move forward with this kind of improvement to corporate value, I would like Konica Minolta to return to its strengths once more and to polish the skills and abilities of our origins, for which reason "Strengths" appears on the next slide.