Employee engagement surveys

In September 2022, the HOYA Group conducted its third employee engagement survey. Targeting all HOYA Group employees worldwide, this year’s survey attained a 97% response rate. After analyzing the results of this survey, the Group implemented a series of measures, focusing on the fields of talent management and career development. The survey results were also discussed at the individual-workplace level, to identify points for improvement leading to meaningful plans of action.

Introduction of a new global performance management framework (performance evaluation system)

Based on the results of the employee engagement survey, the Group began operating a new, common global framework for performance evaluation, which was developed based on the previously used framework. The framework introduces 360° evaluation and other measures to reflect the results of performance evaluation and fosters an environment for obtaining regular and effective feedback for the purpose of personnel development.

Introduction of a career development program

HOYA recognizes that providing opportunities for continuous updating of knowledge and reskilling is vital for upholding its competitiveness. To that end, the HOYA Group is offering LinkedIn Learning, an on-demand, online learning platform. The platform will support career development for the employees who underpin HOYA’s growth strategy.

Establishing human-rights policy and exercising human-rights due diligence

The HOYA Group proclaims its philosophy and values through a number of policy statements. The HOYA Code of Conduct and HOYA Supplier Code of Conduct codify the Group’s guidelines for action based on respect for human rights. The Group professes its compliance with international principles and guidelines, informed by basic principles of human rights, and has established the HOYA Group Policy on Human Rights, whose scope includes its partnerships with HOYA stakeholders.

The HOYA Group is committed to exercising due diligence on human rights. As part of this effort, the Group has brought to light and enumerated potential human-rights issues and risks in its value chain and enumerated human-rights issues for each stakeholder. As a result, the Group has identified the following high-priority issues: risks related to labor compliance; privacy protection and personal-information management; consumer (patient) safety; and bribery/corruption. In addition to continuing efforts to enhance understanding of the Codes of Conduct and educational and training measures to prevent harassment, the Group is intensifying existing measures and augmenting them with additional approaches. Going forward, the Group intends to build and reinforce a framework for human-rights due diligence extending to all stakeholders throughout the value chain, from those within the Group to suppliers, for example through the use of questionnaire surveys.

In January 2023, HOYA signed the United Nations Global Compact (UNGC). Hoya supports all 10 of the UNGC’s principles in the areas of human rights, labor, the environment and anti-corruption and is pressing ahead with measures to achieve further permeation of commitment to sustainability.

For a detailed discussion, please refer to “Social.”