Creating Shared Value
Creating Shared Value (CSV) is essential to building a sustainable future for our business as the world’s No. 1 most reliable engineering company. Below is an outline of our CSV model and how it applies to the engineering/energy sector.
Chiyoda’s CSV Model
CSV is a concept which expands on corporate social responsibility by recognizing a company’s broader contributions to society whilst simultaneously increasing corporate value. Chiyoda’s corporate policies and operations define that while enhancing our competitiveness, we also aim to advance the economic and social conditions of the communities within which we operate.
Traditional corporate responsibility focuses on the role of business in creating positive regional impacts as a player in the corporate landscape. Chiyoda acknowledges that our activities and corporate responsibility, evolving from compliance and risk-management, create shared value and we regard these as the next frontier for our business. Ultimately, we include sustainability in all corporate decisions.
For this reason, we declare our commitment to sustainability objectives and can cite specific cases where we utilize our company’s strengths of technology and human capital to resolve issues. We will also focus on SDG’s and are currently identifying key themes to be integrated by management as priority issues.
Example: SPERA Hydrogen
The Paris Agreement within the United Nations Framework Convention on Climate Change set long-term goals for minimizing the increase in global average temperatures. In response to this initiative, the Japanese Government defined its own target of reducing greenhouse gas emissions by 80% by the year 2050 in the “Strategic Roadmap for Hydrogen and Fuel Cells”, published by the Agency for Natural Resources and Energy and METI. The widespread use of renewable energy is essential to achieve these goals.
Chiyoda‘s SPERA Hydrogen technology stabilizes hydrogen supply and supports the use of renewable energy. By utilizing organic chemical hydride (OCH) to store and transport hydrogen, SPERA Hydrogen technology reduces the risks of managing commercial quantities of hydrogen and lowers infrastructure capital investment costs, both essential to realize a hydrogen-based society. Chiyoda creates shared value by implementing such engineering solutions.