Corporate Citizenship (Social Contribution Activities) | Corporate Citizenship | Society | Sustainability | IHI Corporation

Approach

The IHI Group uses its technological capabilities and human resources to help create a rich and livable earth, and engages in social contribution activities that increase the Group’s value.
In line with the medium-term management plan Group Management Policies 2023, which started in fiscal 2023, the Group has established a Three-Year Policy for Social Contribution Activities (FY2023–FY2025). Additionally, the IHI Group is encouraging Group-wide initiatives in collaboration with different departments to empower employees to participate in social contribution activities. Efforts include publicizing these activities both internally and externally and providing educational training.

Policy

Three-Year Policy for Social Contribution Activities (FY2023–FY2025)

The IHI Group has established two priority areas for its social contribution activities: “coexistence with local communities” and “development of next-generation professionals,” in accordance with the Three-Year Policy for Social Contribution Activities (FY2023–FY2025).

Priority Areas of Social Contribution Activities

Priority Areas	Relevance to Business	SDGs
Coexistence with Local Communities	Establishing and maintaining good relationships with local communities is essential for smooth business expansion.
Development of Next-generation Professionals	Conducting activities that support STEAM education, etc., and supporting future research in science and technology fields will enrich the foundations of future industry and is essential for improving understanding of the products handled by the IHI Group, and expanding our business.

Strategy

Risks

If there is insufficient dialogue with local communities, the IHI Group’s business activities may have a negative impact on the local natural environment and livelihoods. As a result, relationships with local communities may deteriorate, which may impede the continuation of existing businesses or the launch of new businesses. Additionally, if good relationships with local communities are impaired, the Group’s public reputation may decline, potentially affecting its corporate value.

Opportunities

Establishing and maintaining good relationships with local communities is essential for smooth business expansion. In particular, collaboration between industry, academia, and government to address regional issues such as the development of next-generation professionals will enrich the future industrial base and improve the efficiency of internal and external networks. The IHI Group feels that this will also help with business continuity and growth.

Metrics and Targets

In fiscal 2024, the IHI Group invested a total of ¥483 million into activities concerning social contribution.
The Group was able to carry out a variety of unique activities at its offices, such as activities for the “coexistence with local communities” and “development of next-generation professionals,” which are priority areas of social contribution activities. Social contribution activity expenses decreased by ¥49 million compared to fiscal 2023.

Breakdown of Social Contribution Activity Expenses

(Unit: Millions of yen, Scope: IHI and consolidated subsidiaries)

Item		FY2021	FY2022	FY2023	FY2024
Breakdown by activity content	Coexistence with local communities	103	335	312	236
	Development of next-generation professionals	111	121	185	206
	Conservation of the global environment^*	21	31	─	─
	Others	25	2	35	41
Breakdown by expenditure	Cash investment	120	251	244	288
	Time investment	87	94	184	140
	Goods donations and site costs	53	144	104	54
Reference	Membership fees for local organization	13	15	23	22
Reference	Operating costs	110	106	97	93

Since FY2023, our focus has been changed to two areas: “coexistence with local communities” and “development of next-generation professionals,” so figures for “conservation of the global environment” will no longer aggregated from FY2023 onwards.

Activity Results

(Scope: IHI and consolidated subsidiaries)

Priority Area	Index		FY2021	FY2022	FY2023	FY2024
Coexistence with local communities	Business interests^*2	Visitors to events	645	1,535	18,803	18,949
Coexistence with local communities	Social/environmental interests^*2	Investments to local communities	103 million JPY	335 million JPY	312 million JPY	236 million JPY
Development of next-generation professionals	Business interests^*2	Number of participants in STEAM education	5,297	7,468	7,593	1,378
Development of next-generation professionals	Social/environmental interests^*2	Number of participants in STEAM education	5,297	7,468	7,593	1,378
Conservation of the global environment^*1	Business interests^*2	Participants in hosted events	254	156	─	─
Conservation of the global environment^*1	Social/environmental interests^*2	Environment protection area	12,652㎡	112㎡	─	─

Since FY2023, our focus has been changed to two areas: “coexistence with local communities” and “development of next-generation professionals,” so figures for “conservation of the global environment” will no longer aggregated from FY2023 onwards.
The indicators above for business and social/environmental interests defined by RobecoSAM are as follows.
Business interests: Factors directly related to product development, brand improvement, human resource development, and other such business interests.
Social/environmental interests: Factors linked to SDGs and other social/environmental interests.

Initiatives

Main Social Contribution Activities (FY2024)

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