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

In FY2023, we continued to develop various engagement measures for our business partners to achieve sustainable procurement. At the request of business partners who use our products and services, we responded to the ESG questionnaire. In-house as well, given the need to protect against the spread of infectious diseases, we completed a self-assessment questionnaire (SAQ), delivered video briefings, and undertook fact-finding surveys (equivalent to audits) and employee engagement surveys remotely. Within the Group, we also conducted stress checks on work style changes and distributed questionnaires to non-Japanese employees in Japan to strengthen employee engagement.

Examples of stakeholder engagements

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Stakeholder Response / Plan Result / Evaluation
Customers
  • Improvement of products and services, ensuring safety
  • Promoting universal design principles
  • Operation of customer service desk
  • Sharing customer feedback with relevant departments (VOC report)
Suppliers
  • Implementation of human rights due intelligence / ESG assessment
  • Briefings for suppliers (distributed via video)
  • Evaluation based on the SAQ
  • Visits to 5 overseas (China) suppliers (watch business)
  • Response to ESG questionnaire
  • 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
  • Promoting employee health (Stress check)
  • Introduction of telecommuting
  • Operation of a flexible time system
  • Operation of a talent management system
NGO / NPO
  • Promotion of social contribution activities in cooperation with NGOs with employee participation
  • Holding briefings to report on the results of social contribution activities
  • Holding briefings to report on the results of social contribution activities
  • Participation in “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 on 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: 2,272
  • Number of plant tours accepted: 63
  • Number of watch assembly classes held: 19
  • Donations to social contribution activities: 37.8 million yen