Corporate Social Responsibility

As expectations grow for companies to fulfill their corporate social responsibilities (CSR), it has become a crucial management issue to maintain fairness and transparency in business activities. In addition, the effects of global environmental problems become more and more keenly felt, year after year. An effective response to the global environmental crisis will require concerted action among societies, businesses, and individuals.

Since our foundation, we have based our management policy on Rongo to Soroban ("The Analects and the Abacus") by Eiichi Shibusawa, who was appointed our senior advisor in 1887. Shibusawa taught that a company should earn fair returns and contribute to society based on a strict code of business ethics. Today, we remain committed to the concept that corporate social responsibility (CSR) means incorporating social and environmental awareness into all our operations.

By managing our business responsibly, we are making continuous contributions to the sustainable development of society and acting as a good corporate citizen. Our CSR activities are based on the following three pillars:

• Fairness and transparency in business
• The creation of value that surpasses the expectations of customers and society
• The pursuit of business activities that are in harmony with society

Fairness and Transparency in Business

As a business, Shimizu acknowledges and is firmly committed to its obligation to help establish a sustainable society—not through mere compliance with the letter of the law, but by achieving true fairness and transparency in its business activities and through maximizing its performance efforts. By strictly adhering to corporate ethics, Shimizu seeks to improve its corporate governance structures.

The Creation of Value That Surpasses the Expectations of Customers and Society

To provide a wide range of structures surpassing the broad expectations of customers and society, Shimizu implements coordinated action based on life-cycle valuations (LCV) at each stage—from design through construction and use.

In response to global warming, the world's most pressing issue, Shimizu has established its Ecological Mission, the long-term goal of which is to reduce by fiscal 2020 the carbon-dioxide emissions from all its construction projects by 30% compared to fiscal 1990 levels. In all its business domains, Shimizu employees are therefore committed to reducing carbon-dioxide emissions.

The Pursuit of Business Activities That Are in Harmony with Society

Based on a corporate tradition of building ties with local communities through the structures it builds, Shimizu has recently began participating directly in a growing number of projects such as private finance initiatives (PFI), thereby making even greater contributions to local communities. Shimizu remains committed to contributing to local communities through its business activities.

Ensuring the safety of employees and partners and improving the work environment are other major topics of concern within the construction industry. Shimizu will remain committed to priority measures such as risk assessment well into the future.