An Analysis of the Progress of Japanese Companies’ Commitment to the SDGs and Their Economic Systems and Social Activities for Communities
Abstract
:1. Introduction
1.1. Progress of Japanese Companies’ Commitment to the SDGs
1.2. Objectives and Framework of This Study
2. Literature Review
3. Materials and Methods
3.1. Status of SDG Efforts and Financial Performance
3.1.1. Materials
3.1.2. Methods
3.2. Status of SDG Efforts and Social Activity
3.2.1. Materials
3.2.2. Methods
3.3. Causal Relationship between the Status of SDG Efforts, Financial Performance and Social Activity
4. Data
4.1. Status of SDG Efforts and Financial Performance
4.1.1. Manufacturing Sector
4.1.2. Industry Characteristics
4.2. Status of SDG Efforts and Social Activity
5. Results and Discussion
5.1. Status of SDG Efforts and Financial Performance
5.1.1. Manufacturing Sector
5.1.2. Comparison of Industry Characteristics
5.2. Status of SDG Efforts and Social Activity
5.3. Causal Relationship between the Status of SDG Efforts, Financial Performance and Social Activity
6. Conclusions and Policy Implications
Author Contributions
Funding
Data Availability Statement
Conflicts of Interest
References
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Industry | # of Firms | Industry | # of Firms | Industry | # of Firms |
---|---|---|---|---|---|
Foods | 50 | Rubber products | 11 | Electrical equipment | 93 |
Fibers | 21 | Glass, earth and stone | 9 | Transport equipment | 46 |
Pulp and paper | 7 | Steel | 12 | Precision instruments | 15 |
Chemistry | 98 | Nonferrous metals | 16 | Other products | 35 |
Pharmaceuticals | 26 | Metal products | 20 | ||
Oil and coal | 3 | Machines | 71 | Total | 533 |
Status of SDG Efforts | SDG Reference Scores |
---|---|
Companies referring to the SDGs since 2016 | 4 points |
Companies referring to the SDGs since 2017 or 2018 | 3 points |
Companies referring to the SDGs since 2019 or 2020 | 2 points |
Companies considering the SDGs as of 2020 | 1 point |
Companies not yet considering the SDGs as of 2020 | 0 points |
Total | Reference to the SDGs | SDGs under Consideration | SDGs Not Yet Considered | ||||
---|---|---|---|---|---|---|---|
Year 2016 | 2017/ 2018- | 2019/ 2020- | |||||
SDG reference scores | 4 points | 3 points | 2 points | 1 point | 0 points | ||
Number of companies | 533 | 337 | 114 | 128 | 95 | 70 | 126 |
Total assets (million JPY) | 753,861 | 1,136,804 | 2,065,961 | 954,465 | 287,193 | 132,212 | 60,150 |
Number of employees | 14,751 | 21,945 | 41,391 | 16,568 | 6250 | 3513 | 1454 |
ROA | 5.7% | 6.2% | 6.3% | 6.3% | 5.9% | 5.5% | 4.7% |
ROE | 6.5% | 7.0% | 7.7% | 7.0% | 6.3% | 5.8% | 5.3% |
Community investment | 0.21 | 0.31 | 0.57 | 0.25 | 0.09 | 0.05 | 0.00 |
Pro bono activity | 0.26 | 0.39 | 0.63 | 0.37 | 0.14 | 0.11 | 0.01 |
Total Assets (Million JPY) | Number of Employees | ROA | ROE | ||
---|---|---|---|---|---|
Top 50% Group (267 firms) | Max. | 53,446,977 | 366,526 | 21.9% | 24.9% |
Min. | 142,370 | 3527 | 5.4%. | 6.9% | |
Average | 1,107,160 | 28,249 | 8.4% | 10.3% | |
Bottom 50% Group (266 firms) | Max. | 142,152 | 3498 | 5.4% | 6.9% |
Min. | 1393 | 63 | −6.3% | −23.1% | |
Average | 44,870 | 1294 | 3.1% | 2.7% |
Total | Reference to the SDGs | SDGs under Consideration | SDGs Not Yet Considered | SDGs Reference Score Average | ||||
---|---|---|---|---|---|---|---|---|
2016- | 2017/ 2018- | 2019/ 2020- | ||||||
Manufacturing sector | 533 (100%) | 337 (63%) | 114 (21%) | 128 (24%) | 95 (18%) | 70 (13%) | 126 (24%) | 2.064 |
Foods | 50 (100%) | 39 (78%) | 10 (20%) | 19 (38%) | 10 (20%) | 3 (6%) | 8 (16%) | 2.400 |
Chemistry | 98 (100%) | 59 (60%) | 19 (19%) | 18 (18%) | 22 (22%) | 17 (17%) | 22 (22%) | 1.949 |
Machines | 71 (100%) | 39 (55%) | 11 (15%) | 16 (23%) | 12 (17%) | 6 (8%) | 26 (37%) | 1.718 |
Electrical equipment | 93 (100%) | 64 (69%) | 27 (29%) | 25 (27%) | 12 (13%) | 13 (14%) | 16 (17%) | 2.366 |
Model 1 | Model 2 | Model 3 | Model 4 | |||||
---|---|---|---|---|---|---|---|---|
Total assets | 0.000 (2.079) | ** | 0.000 (1.796) | * | ||||
Employees | 0.000 (3.495) | *** | 0.000 (3.194) | *** | ||||
ROA | 0.049 (3.414) | *** | 0.050 (3.520) | *** | ||||
ROE | 0.025 (2.516) | ** | 0.025 (2.484) | ** | ||||
Community investment | 1.108 (6.593) | *** | 1.107 (6.548) | *** | 1.047 (6.242) | *** | 1.049 (6.209) | *** |
Pro bono activity | 1.310 (8.467) | *** | 1.324 (8.519) | *** | 1.205 (7.636) | *** | 1.227 (7.739) | *** |
Constant | 1.178 (11.726) | *** | 1.299 (15.108) | *** | 1.159 (11.592) | *** | 1.290 (15.084) | *** |
Adjusted R2 | 0.373 | 0.366 | 0.382 | 0.375 | ||||
Sample | 533 | 533 | 533 | 533 |
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Ikuta, T.; Fujii, H. An Analysis of the Progress of Japanese Companies’ Commitment to the SDGs and Their Economic Systems and Social Activities for Communities. Sustainability 2022, 14, 4833. https://doi.org/10.3390/su14084833
Ikuta T, Fujii H. An Analysis of the Progress of Japanese Companies’ Commitment to the SDGs and Their Economic Systems and Social Activities for Communities. Sustainability. 2022; 14(8):4833. https://doi.org/10.3390/su14084833
Chicago/Turabian StyleIkuta, Takafumi, and Hidemichi Fujii. 2022. "An Analysis of the Progress of Japanese Companies’ Commitment to the SDGs and Their Economic Systems and Social Activities for Communities" Sustainability 14, no. 8: 4833. https://doi.org/10.3390/su14084833