In working toward the Honda Environmental and Safety Vision, we objectively assess current environmental problems, analyze the kinds of risks and opportunities they represent for our business, and respond in various ways. We are promoting environmental initiatives in both business activities and product development, with the aim of eventually becoming a company with zero environmental impact.
To ensure the long-term continuity of our global business, we at Honda consider it essential to contribute to the growth of society and harmony between people and nature through the realization of the Honda Environmental and Safety Vision. To realize this vision, we must correctly assess the environmental issues that exist in the world today, as well as their impact on our business, and then adequately respond to them.
Accordingly, we have evaluated various environmental issues from two perspectives.stakeholder concern and impact on Honda's business activities--and identified issues that pose the greatest risk to our stakeholders and business.
As a company supplying mobility products, we see climate change issue and energy issue as the greatest environmental challenges we face, followed by resource issue. We also recognize biodiversity as an issue warranting serious concern.
To reach our current recognition of today's environmental issues, we first gathered information on environmental issues through interviews with stakeholders and by electronic means from within the company.
Next, through discussions among divisions in the company (the executive officers, environmental divisions, regional operations, business operations, and functional operations) and dialogue with stakeholders, we analyzed the relationship between the issues and the Honda Environmental and Safety Vision, and the consistency between the issues and Honda's corporate philosophy. We then selected environmental issues of relatively high importance.
We comprehensively evaluated the selected environmental issues based on causal proximity, economic impact, urgency, influence on Honda's competitive strength, priority in relation to realizing the Honda Environmental and Safety Vision, degree of social concern, and other factors.
Finally, we determined the priority of the environmental issues along the two axes of stakeholder (social) concern and impact on Honda's business activities. We classified environmental issues into three categories (issues closely related to stakeholder expectations, issues closely related to Honda's business issues, and those closely related to both) to define Honda's current recognition of environmental issues.
We arrived at our current recognition of environmental issues, detailed above, by evaluating their importance in each of the six regions where we operate (North America, South America, Europe, Asia & Oceania, China, and Japan) and viewing them holistically from a global perspective. Regional assessments of these issues are described in the annual environmental reports issued by each region.