Sustainability is in the DNA of Hitachi Energy’s business strategy, shaping the approach we take towards environment, society, and our own governance in support of a just energy transition and is vital to the company’s Purpose of advancing a sustainable energy future for all.
Our sustainability strategy, updated in early 2024, sets out three strands for the actions we take: planet, people, and principles.
The strategy embraces key topics such as integrity, health and safety, human and worker rights, diversity and inclusion, ethical behavior, stakeholder and community engagement, and environment – everything that contributes to being a responsible corporate citizen while remaining a profitable, resilient, and sustainable business.
Transparency and accountability are central to the implementation of our strategy and our approach to disclosure.
Our strategy
In early 2024 we revised our sustainability strategy in alignment with our Hitachi Energy 2030 business approach and embedded global and stakeholder requirements. This newly updated strategy is derived from an extensive materiality exercise, international industry trends, benchmarks, and legislation. It also integrates stakeholders’ perspectives and priorities, which was consolidated in our Material Impact Assessment 2023.
This included updating our high-impact commitments and top targets as set out in our Sustainability 2030 strategy which was launched in 2021. Our sustainability efforts align with leading protocols and the UN’s Sustainable Development Goals (SDGs) .
Our DNA strands for action mirror sustainability’s approach to environmental, social and governance performance (ESG), also building on the wider corporate social responsibility (CSR) discipline. Within each strand, we have top targets underpinned by a series of internal key performance indicators (KPIs) to which all parts of Hitachi Energy contribute.
Our high-impact commitments
Contribute to 1000 Mt avoided emissions
Continue to increase GW of renewable power enabled
Contribute to closing the gap of those without access to electricity
+10 million people with raised electricity and energy awareness
Our top targets
- Planet
- People
- Principles
Within our sustainability strategy’s Planet strand of action – and in alignment with relevant SDGs, our high-impact commitments, and Hitachi Energy’s guiding principles – are the following top targets:
External recognition
Independent external assessments enhance transparency and accountability, as well as provide credible verification of our commitments. They are fundamental to stakeholder confidence in our sustainability strategy, actions, and performance while providing with insights about where we can continue to improve.
Hitachi Energy’s 2024 sustainability performance was recognized with a gold award by EcoVadis, a leading sustainability assessment specialist. This places our organization in the top 5% of the +130,000 global companies assessed by EcoVadis.