Relationship with Stakeholders

The CITIZEN Group’s Stakeholders

The CITIZEN Group aims to contribute to a sustainable society and achieve growth for the Group through the realization of its corporate philosophy. In developing our business, we practice CSR with the participation of all employees based on the Group Code of Conduct, which is in the spirit of the United Nations Global Compact. In addition, in order to maximize the value we provide to society, it is important to incorporate the demands and expectations of our diverse stakeholders into our management. Therefore, we aim to realize our corporate philosophy by building strong relationships of trust through close communication with our stakeholders and by conducting business activities that meet their requests and expectations.

The CITIZEN Group’s Stakeholders
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Multi-stakeholder Policy

Based on our corporate philosophy, "Loved by citizens, working for citizens." we have established a Multi-stakeholder Policy to work appropriately with multi-stakeholders with the aim of co-creating value with a diverse range of stakeholders.

Stakeholder Engagement

Just as in previous years, in FY2024, we implemented various engagement measures to enable our business partners to achieve sustainable procurement. At the request of business partners who use our products and services, we responded to their ESG questionnaires. We also conducted a self-diagnosis survey by sending a self-assessment questionnaire (SAQ), delivered video briefings, and carried out fact-finding surveys and on-site supplier inspections (equivalent to audits), as well as an employee engagement survey. Within the Group, we also implemented measures to strengthen employee engagement, including stress checks related to work style changes.

Examples of Stakeholder Engagements

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Stakeholder Response / Plan Result / Evaluation
Customers
  • Improving products and services and ensuring safety
  • Promoting universal design principles
  • Operation of the customer consultation desk
  • Sharing customer feedback with relevant departments (VOC report)
Business partners
  • Implementing human rights due intelligence / ESG assessments
  • Briefings for business partners (via video streaming)
  • Evaluation based on the SAQ (procurement and other matters)
  • Visits to 5 overseas (Chinese) suppliers (watch business)
  • Response to ESG questionnaires
  • Digital transformation support for the manufacturing industry (alkapplysolution)
Employees
  • Improving employee engagement
  • Enhancing work-life balance programs
  • Developing workplaces where employees can work with peace of mind
  • Developing workplaces where employees can demonstrate their abilities to the maximum extent
  • Improvement of work-life balance
  • Enhancement of employee health (through stress checks)
  • Introduction of a telecommuting system
  • Operation of a flexible time system
  • Implementation of measures to stimulate internal communication
  • Operation of a talent management system
NGOs and NPOs
  • Promoting social contribution activities in cooperation with NGOs with employee participation
  • Holding report briefings on the results of social contribution activities
  • Holding report briefings on the results of social contribution activities
  • Participation in the "Eco Tree ACTION" mangrove planting project
  • Support for the women's activities of Plan International, an international NGO
Local communities
  • Inviting community residents to events held at business sites
  • Contributing to the formation of stable communities through mutual understanding
  • Enhancing activities to contribute to local society through our businesses
  • Improving table-tennis skills in the community
  • Total number of employees participating in beautification activities: 2,780
  • Number of factory tours allowed: 64
  • Number of watch assembly classes held: 52
  • Donations to social contribution activities: 28.9 million yen