Lacto Japan (“the Company”) has initiated general discussions regarding ESG at Executive Committee meetings and management meetings and is also encouraging the sharing of knowledge regarding ESG and understanding of its status through study groups and other activities.
At present, we have formed a CSR (Corporate Social Responsibility) and ESG Promotion Project Team led by directors in charge of administrative divisions, primarily in the Corporate Staff Division, and it is promoting transparency and activities within the Company. When the team recognizes any highly important issue attributable to CSR or ESG, it presents the issue as an agenda item to the Board of Directors, as the need arises, and the issue is discussed by all corporate officers, including outside directors.
The stakeholders that surround Lacto Japan include shareholders and other investors, employees, customers including purchasers of the Company’s products, suppliers and consumers. In addition, Lacto Japan exchanges information and opinions with government bodies such as Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF).
Our suppliers are global manufacturers of dairy ingredients and meat that have attained our rigorous quality standards. We conduct mutually beneficial dialogue with our suppliers through negotiations regarding matters such as the improvement of issues at production sites and production volume.
The main purchasers of our products are leading domestic food manufacturers, such as dairy, confectionery and beverage producers, and feed manufacturers. We maintain good long-term relationships with these customers by sharing our expertise and making proposals regarding dairy ingredients, which are one of our strengths, when they develop high-value-added dairy products.