Organization and Systems

The Sustainability Management Division plans and formulates company-wide action to further sustainability at ITOCHU Corporation, which the Sustainability Chairperson served by the Chief Administrative Officer finalizes. Meanwhile, the ESG Officers and Managers in each unit carry out sustainability actions. The Sustainability Committee, one of the company’s key committees, holds deliberations and reviews policy formulation and important matters. In addition to a role in heading the Sustainability Committee, the CAO joins meetings of the Board of Directors, the Headquarters Management Committee (HMC) and the Investment Consultative Committee. The chair also engages in decision-making based on the company’s impact on the environment and society by reporting regularly to the Board of Directors to brief them on our promotion of sustainability. We furthermore engage in dialog with stakeholders within and outside the company. One example of this is our regularly convened advisory board. This dialog provides an understanding of what society expects of and desires from the company, which we can then apply to our initiatives at advancing sustainability.

Sustainability-related Governance Structural Chart (As of June 23, 2023)

  • CAO: Chief Administrative Officer
    HMC: Headquarters Management Committee

Board of Directors

Our group recognizes that responding to sustainability issues is an important management issue. The Board of Directors approves the Group's policies, strategies and related business promotion related to sustainability, and oversees the appropriateness of sustainability disclosure information. The Board of Directors oversees the appropriateness of material issues through a review important matters such as policies to respond to risks and opportunities for each material issue, the specific approach to responding to them, the indicators of the results of the response to them, and the degree of progress on them.
The Board of Directors also oversees the execution of business and investment strategies to respond to sustainability-related risks and opportunities including environmental and social risks. (That includes a review of strategies and divestment decisions).
We use the ESG Checklist for Investment as an advance ESG risk assessment on all our new investment projects. The checklist helps us to understand and analyze the status of sustainability-related risk policies, systems and initiatives. HMC, which deliberates on important projects, verifies sustainability-related risks. Moreover, after investing in projects, we conduct multifaceted monitoring and reviews of group companies to avoid sustainability-related risks as well as on-site visits and surveys to prevent environmental pollution and other issues. The CAO periodically reports on its sustainability-related deliberations and initiatives to the Board of Directors which then oversees them.

Skills and Competencies of the Board of Directors

Our CAO has specialized experience and knowledge in the field of the SDGs and ESG. The CAO receives periodic reports about twice a month from the Sustainability Management Division in charge of planning and implementing various sustainability-related measures. Furthermore, we invite external experts to give talks and exchange opinions at meetings of the Sustainability Advisory Board held every year. Through those opportunities, we deepen our knowledge about sustainability-related trends in the world, the expectations in our company and the issues we should tackle.
The CAO, our representative director, is a member of the HMC which discusses our general management policy and important management-related matters. At the same time, the CAO concurrently serves as the chair of the Sustainability Committee. The CAO decides matters deliberated upon in meetings of the Sustainability Committee as the person with overall responsibility for sustainability. The HMC then approves important matters after they have been decided upon by the CAO. The CAO reports those decisions to the Board of Directors about three times a year together with the status of the main activities to promote sustainability. We believe this structure gives the Board of Directors the competency when overseeing sustainability.

Sustainability Committee

The Sustainability Committee deliberates on the formulation and implementation of various measures to respond to sustainability-related matters. The committee identifies, assesses and manages the setting of sustainability-related targets, the state of progress on those targets, and current sustainability-related risks and opportunities. The Board of Directors oversees the promotion of business and investment strategies to respond to sustainability-related risks and opportunities. (That includes a review of strategies and divestment decisions.) In addition, at the executive level, the managers of each company concurrently serving as those in charge of ESG and the managers of headquarters administrative division participate in the Sustainability Committee as core members. The committee receives reports on sustainability-related matters from the Sustainability Management Division and those in charge of promoting ESG in each company and headquarters administrative division. It then manages and monitors the progress on the various measures and initiatives.

FYE 2023 Sustainability-related Deliberations and Reports

Sustainability-related Meetings Members Number of Meetings Held Main Approval, Deliberation and Report Contents
Board of Directors Directors and Audit & Supervisory Board members 3
  • Deliberations by the Sustainability Committee and decisions by the CAO
  • Social contribution activity reports
Sustainability Committee Chair: CAO
Members: General Managers of the Corporate Planning & Administration Division, Corporate Communications Division, General Accounting Control Division, Human Resources & General Affairs Division and IR Division; General Managers of the Planning & Administration Departments in each Division Company; full-time Audit & Supervisory Board member
  • Establishment and revision of sustainability-related policies
  • Revision of the ESG Checklist for Investment
  • Climate change response
  • Sustainability action plan reviews
  • Human rights due diligence and sustainability-related research reviews
  • Securities report and sustainability-related disclosures
  • ISO14001 environmental management reviews
  • ESG assessments
  • Environmental and social risks monitoring and review results
  • Confirmation of the material issues
  • TNFD disclosure preparation

Sustainability Advisory Board

The Sustainability Advisory Board was established to engage outside stakeholders in dialog with our executive management to determine whether the direction we are taking with regards to sustainability is aligned with the needs of society as ITOCHU Corporation’s business grows more diverse and widespread, and then to apply the insights to promoting sustainability.

Overview of the Sustainability Advisory Board 2022

Meeting of the Sustainability Advisory Board

In FYE 2023, we welcomed three experts from industry, academia and the government to discuss the theme of supply chains and human rights in a meeting of the Sustainability Advisory Board we held in January 2023. The experts gave talks on the latest trends from their differing perspectives. After that, ITOCHU introduced the status of our follow-up on human due diligence in the food field, local contribution initiatives and initiatives to secure traceability by utilizing blockchain technology in the general products & realty field. There was then a frank exchange of opinions in the question-and-answer session.
The participants shared with us their expectations in ITOCHU and advice for us: “Realizing human rights-related initiatives in your core business is best practice. Striking a balance between the stable procurement of essential goods and the promotion of sustainability is an extremely difficult challenge.” “It will be very important to focus on dialogue with various stakeholders in your initiatives to respect human rights. You will need to work together with your business partners and industry groups to prioritize and then promote those initiatives. In addition, information disclosure is essential. You should disclose information without fear of criticism and collaborate with various stakeholders on what you cannot do alone. We will reflect the opinions received in our future Group sustainability efforts.

Summary of Past Activities

(Job Titles at the Time)

FYE 2023

Supply Chains and Human Rights

  • External Lecturer
    • Mr. Ken Toyoda Director for Business and Human Rights Policy, Ministry of Economy, Trade and Industry
  • Sustainability Advisory Board Members
    • Ms. Tomoyo Matsui Professor of Graduate Schools for Law & Politics, The University of Tokyo
    • Mr. Hideki Wakabayashi Director, Japan NGO Center for International Corporation・THINK Lobby Board Member・Director, Global Compact Network Japan
  • ITOCHU Members
    • Fumihiko Kobayashi Member of the Board, Executive Vice President, Chief Administrative Officer
    • Ryoma Omuro General Manager, Planning & Administration Department, Textile Company
    • Toshio Okudera General Manager, Planning & Administration Department, Machinery Company
    • Osamu Tano General Manager, Planning & Administration Department, Metals & Minerals Company
    • Haruo Maeda General Manager, Planning & Administration Department, Energy & Chemicals Company
    • Daiju Hashimoto Manager, Food Safety and Compliance Management Office
    • Yasuhiro Takahashi General Manager, Planning & Administration Department, General Products & Realty Company
    • Atsushi Hashimoto General Manager, Planning & Administration Department, ICT & Financial Business Company
    • Tetsuya Mukohata Manager, Planning & Administration Section, The 8th Company
    • Yoshiko Matoba General Manager, Human Resources & General Affairs Division
    • Masahiro Sogabe General Manager, Legal Division
    • Yoshihito Tabe General Manager, Sustainability Management Division (served as Moderator)
FYE 2022

Carbon Credits

  • Sustainability Advisory Board Members
    • Mr. Fumihiro Kajikawa Director, Environmental Economy Office, Ministry of Economy, Trade and Industry
    • Ms. Yukari Takamura Professor of Institute for Future Initiatives, The University of Tokyo
    • Mr. Hidemi Tomita Managing Director, LRQA Sustainability K.K.
FYE 2021

Response to Climate Change

  • Sustainability Advisory Board Members
    • Ms. Yukari Takamura Professor of Institute for Future Initiatives, The University of Tokyo
    • Ms. Fuyumi Naito Director of Decarbonized Business Promotion Office, Climate Change Policy Division, Global Environment Bureau/ Chief Sustainability Officer, Ministry of the Environment
    • Mr. Hidemi Tomita Director, Lloyd’s Register Japan K.K.
FYE 2020

Sustainable Business Direction in a Circular Economy

  • Sustainability Advisory Board Members
    • Mr. Eiji Hosoda Professor of Business Administration and Information Science, Chubu University, Professor Emeritus, Keio University
    • Ms. Mami Fukuchi Associate Professor of Graduate School of Interdisciplinary Information Studies, The University of Tokyo
    • Mr. Hidemi Tomita Director, Lloyd’s Register Japan K.K.
FYE 2019

Climate Change

  • Sustainability Advisory Board Members
    • Mr. Kenichi Suganuma Ambassador Plenipotentiary and Extraordinary (in charge of climate negotiations), Ministry of Foreign Affairs
    • Mr. Tsuyoshi Mizuguchi Professor of Economics, Takasaki City University of Economics
    • Mr. Hidemi Tomita Director, Lloyd’s Register Japan K.K.

Sustainability Awareness Activities at ITOCHU

While pursuing sustainable activities, ITOCHU engages in various activities to raise awareness within the Company so as to further ITOCHU Group employees’ understanding and to work through business on solutions to social issues in a manner that conforms to the latest global trends.

Recent Sustainability Awareness Activities

ITOCHU conducts general sustainability education for all directors and employees every year, with the aim of promoting sustainability throughout the company and conducting awareness surveys. This training is intended to promote understanding of trends in the environment, business, and human rights, as well as ITOCHU’s initiatives, policies, and measures in response to these trends. In addition, the opinions and level of understanding received from the Employee Questionnaire conducted at the end of the course are utilized in the next year’s training.

Theme Participation
FYE 2023

SDGs and Sustainability (Examples: Latest trends, Sustainability Action Plans, GHG emission reduction and climate change measures, business and human rights, supply chain management, etc.)


FYE 2022

SDGs and Sustainability (Examples: Latest trends, risks and opportunities of the ITOCHU Group, GHG emission reduction and climate change measures, business and human rights, supply chain management, etc.)


FYE 2021

Sustainability Trends (ITOCHU Group Material Issues, Risks, and Opportunities)


FYE 2020

Global Sustainability Trends (ESG, SDGs, Climate Change, Supply Chains)


FYE 2019

“ESG – Climate Change Response, Business & Human Rights”


Sustainability Seminars

We have been holding in-house sustainability seminars on a continuous basis since 2007 to bring in outside insights and ideas on various sustainability issues.

Recent Seminars

Sustainability Seminar

In October 2021, we invited Yasushi Furushima of the Environment and Energy Policy Team in Mizuho Research & Technologies for a sustainability seminar titled, “When and Where Does CO2 Occur?” In the introductory and practical versions, we learned a wide range of practical examples, analysis methods, and initiatives for life cycle assessment in various industries and products, and it was a good opportunity for each individual to think about how to apply them to their main business. Moreover, in February 2022, we held a practical seminar titled “Method of Calculating Scope 3 Emissions in the ITOCHU Group.” We are working to improve our abilities so that all related employees can calculate Scope 3 for themselves.

FYE 2022

When and Where Does CO2 Occur? Life Cycle Assessment (LCA) Study Session

Method of Calculating Scope 3 Emissions in the ITOCHU Group

FYE 2021

Are the SDGs Profitable?

FYE 2019

Business and Human Rights (in the Supply Chain)

FYE 2018

Business and Human Rights (Development)

FYE 2017

What Companies and Consumers Can Do to Create a Sustainable Society

Sustainability Trainings

We engage in various sustainability trainings for ITOCHU personnel so as to promote sustainability awareness within our Group. We strive to raise awareness of the environment, human rights, and other aspects of sustainability that must be understood according to each business domain and responsibility.

Training Title Applicable Employees Training Details Participants in FYE 2023
Group ESG Managers Conference

Group ESG managers

Basic knowledge and explanation of work duties for ITOCHU Group ESG promotion supervisors


Training New Recruits

New employees

ITOCHU Group sustainability promotion


Training in Preparation for Overseas Assignments

Employees designated for overseas assignment

Points of caution related to ITOCHU Group sustainability and promoting sustainability overseas


Training for Group Executive Officers

Group executive officers

ITOCHU Group sustainability and importance of Group alliances


Training for Newly Appointed Section Managers

New Section Managers

Examples of businesses which promote the ITOCHU Group sustainability and which balance social issues and business feasibility


Sustainability Survey Workshop

Employees conducting sustainability surveys

Important items in the Sustainability Action Guidelines for Supply Chains and sustainability surveys