CENTRAL AUTOMOTIVE PRODUCTS LTD.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Governance
- Human Capital
Social Achievements
- Published action plans for women's empowerment and general business owner action plans based on the Act on the Promotion of Women's Participation in the Workplace.
- Actively promoting the adoption of childcare leave and post-retirement re-employment systems for both men and women to create diverse work styles.
Governance Achievements
- Established a Corporate Advisory Committee to enhance the transparency of the decision-making process for director appointments, dismissals, and compensation.
- Implemented a system of granting restricted stock to directors (excluding outside directors and audit committee members) to incentivize sustainable corporate value and shareholder value improvement.
Climate Goals & Targets
Medium-term Goals:
- Achieve a 12.0% ratio of female employees in management positions by the end of FY2025.
Short-term Goals:
- Maintain a female employee ratio of over 35% until FY2025.
Environmental Challenges
- Low ratio of female managers (11.8% at the end of FY2022).
- Lack of a concrete succession plan for the CEO.
Mitigation Strategies
- Setting targets for increasing the ratio of female employees in management positions (aiming for 12.0% by the end of FY2025).
- Establishing a Corporate Advisory Committee to discuss succession planning for the CEO and other important management issues.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: TCFD