Q1. What are your financial targets under the Vision 2030 long-term management strategy?

A1. We have set the following targets as a framework for our efforts to create economic value.

Our goals under this vision were to achieve operating profit of 300 billion yen or more (record profits) by 2030, and to maintain ROE consistently at 10% or higher.

Q2. Please outline your policies on business portfolio transformation as the cornerstone of your strategy.

A2. We will develop an “ambidextrous” approach to management based on the deepening of core businesses and the further exploration of strategic business areas.

In the strategic businesses, which are very resilient to market fluctuations and have high asset and carbon efficiency, the AGC Group has revised the definition of the strategic business and incorporated Performance Chemicals, which provides high-performance materials for a variety of cutting-edge applications, as part of our strategic businesses. Also, for Mobility, another of our strategic businesses, the AGC Group has incorporated high value-added products for CASE applications, which were previously included in the core Automotive business.

“Ambidextrous” management in the AGC Group

Through the initiatives described above in strategic and core businesses, the AGC Group aims to further enhance carbon and asset efficiency.

Q3. What are your policies on addressing climate change as part of sustainability management?

A3. We aim to achieve net-zero carbon emissions from our business operations, while also contributing to the achievement of social net-zero emissions by society.

As part of our contribution to the realization of a sustainable global environment, we have set a new goal of achieving net-zero carbon emissions in 2050. As milestones, by 2030, we have set a goal of a 30% reduction in GHG emissions in Scope 1 and Scope 2, a 50% reduction in GHG emissions per unit of sales* (both compared to 2019), and a further 30% reduction in GHG emissions in Scope 3**.
* GHG emissions per unit of sales = GHG emissions / sales ** Total of category 1, 1, 11, and 12 of Scope 3 emissions

As an industry leader, AGC is working to reduce GHG emissions from manufacturing processes by introducing the world’s most energy-efficient glass manufacturing technologies. While progressively and systematically implementing existing technologies, such as oxygen combustion systems and electrical boosters, we are also developing innovative technologies that will have a major impact on the future.

We are further expanding our contributions to the prevention of global warming through our products and technologies. In both core and strategic business areas, AGC has drawn up strategic aims for technology and business development relating to the environment and energy.

Carbon emission targets (net-zero by 2050)

Q4. What human resource initiatives are included in your sustainability management policies?

A4. We are strengthening our initiatives with a focus on four key pills: leveraging diverse talent, supporting self-initiated growth by individuals, enhancing engagement, and promoting the chemical reaction of knowledge and strengthening on-site capabilities.

AGC's diverse people are committed to realizing Our Purpose as stated in the Group Philosophy “Look Beyond” and enabling sustainable corporate growth.

AGC People: Driving our Growth!

• Our corporate culture places importance on open communication, taking on challenges, and encouraging initiative. We will unlock the unique strengths and abilities of each individual and encourage continuous learning and professional development.
• A highly engaged organization with constantly improving individuals will enhance corporate value by utilizing external and internal collaboration to promote chemical reaction of knowledge and stronger on-site capabilities.

Based on this “AGC People: Driving our Growth!” concept, we plan and implement human resources policies, set quantitative targets to measure their effectiveness, and monitor them to ensure steady progress.
The AGC Group enhances corporate value by creating social and economic value through human capital management, encapsulated in the phrase “AGC People: Driving our Growth!”

Diversity initiatives, human resource development

Q5. Please outline your policies on the expansion of open innovation.

A5. In addition to external collaboration, we also promote collaboration within the AGC group.

As social issues become more complex and the speed at which they are being addressed increases, it is becoming increasingly difficult for the AGC Group to solve these issues on its own. Therefore, it has become important for us to engage in collaborative activities, such as working on value creation with client companies that foresee the future, exploring and complementing technologies with external partners such as universities, research institutes, and venture companies. Based on these activities, we will contribute to the transformation and development of society and achieve continuous growth.

AGC’s open innovation