Governance

Reports on the Impact and Progress Toward our Sustainability Roadmap

The Corporate Social Responsibility & Sustainability (CSR&S) function reports to leadership and to all other stakeholders on the impact and progress toward the sustainability roadmap.

While the CSR&S function addresses ESG topics; a Sustainability Committee oversees, approves, and provides input to Hitachi Rail on its policies, strategies and programmes related to sustainability and corporate responsibility issues, assessing their KPIs and risks.

In our company, governance ensures accountability, stability, transparency, and ethical practices conduct through structured policies and our decision-making or advisory committees

Jaclyn Jewell

Chief Compliance Officer

Reporting

ESG Governance

Since 2020, the Sustainability Committee oversees, approves, and provides input to Hitachi Rail on its policies, strategies and programs related to Sustainability and Corporate Social Responsibility.

Sustainability Committee

The Sustainability Committee, led by the Group CEO and composed of permanent Executive members and other specific appointed figures, manages Hitachi Rail’s vision and long term ESG goals in pursuing continuous improvement of governance through a global structure, effective decision making, and implementation. The Committee’s mission is to manage Hitachi Rail’s vision and long term environmental goals, while respecting and protecting social relations, in pursuing continuous improvement of governance through a global structure, incorporating effective decision-making and implementation. The Sustainability Committee is also responsible for approving the results of the Materiality Analysis and is the body responsible for the final approval of the ESG Report.

Committee Role

In FY23, the Committee held three strategic and operational meetings with the following main outcomes: Develop its mission of addressing, evaluating activities and correcting strategies; Discuss leading CSR and Sustainability topics, both from a strategic and development and implementation point of view.

Business Function

Hitachi Rail’s dedicated Corporate Social Responsibility & Sustainability (CSR&S) function plays a crucial role in promoting practices that minimise the environmental and social impacts of operations. The function is responsible for developing and implementing sustainability strategies and interface with the lead managers of Hitachi Rail’s business Functions. In FY23, Hitachi Rail established Regional Committees with the objective of implementing strategic plans and actions discussed in the Corporate Senior Executive Committee for the main Hitachi Rail regions, including Australia, America, and UK. The Regional Committees will coordinate the local implementation of the global strategy in coordination with the Hitachi Rail Sustainability Committee, receiving overall Strategy and Global Targets and reporting on performance and achievements