Report Editorial Policy
Basic Concept
The Hitachi Sustainability Report 2024 presents our stance on sustainability management, social innovation business, and ESG (environment, society, and governance), as well as initiatives conducted in fiscal 2023 (including initiatives addressing materialities).
This report is intended as an engagement tool for all stakeholders to disclose information in accordance with international guidelines, including the disclosure requirements of the GRI Standards and the industry disclosure standards relevant to Hitachi as defined by the Sustainable Industry Classification System (SICS) of the Sustainability Accounting Standards Board (SASB). Our information disclosures related to climate change are based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
Starting with the Sustainability Report 2024, we have decided to publish the Sustainability Report in HTML format on our website for effective and timely information disclosure. Additionally, for the convenience of stakeholders, we plan to convert the HTML content into PDF format and post it on our website by the end of September. We hope you benefit from either of these formats.
Report Overview
| Period | This report mainly covers fiscal 2023 (April 1, 2023, to March 31, 2024) Note: Some information on activities in April 2024 and after is also included. |
|---|---|
| Companies | Hitachi, Ltd. and its consolidated subsidiaries |
| Reporting boundary |
Financial data : 943 companies, namely Hitachi, Ltd. and 942 consolidated subsidiaries and equity-method associates and joint ventures Environmental data : 574 companies, namely Hitachi, Ltd. and 573 consolidated subsidiaries. Social and governance data : Boundary of individual data indicated |
| Reporting cycle | Published every year as an annual report |
| Date published | September 2024 (Previous report: September 2023) |
*1All group business sites are classified as A, B, or C (A: Major environmental risk, B: Medium environmental risk, C: Minor environmental risk) based on the Criteria for Classification of Environmental Management established by Hitachi. We engage in the most suitable management for each location in accordance with the respective level of environmental risk.
About Subject Notation
Hitachi, Ltd.: Only refers to Hitachi, Ltd. (non-consolidated)
Hitachi: Refers to the Hitachi Group including Hitachi, Ltd.
Key Guidelines
- GRI Standards, Global Reporting Initiative
- Sustainability Accounting Standards, IFRS Foundation
- Environmental Reporting Guidelines (2012/2018 version), Ministry of the Environment, Japan
- Task Force on Climate-related Financial Disclosures (TCFD)
Our Reporting Universe
Hitachi publishes three corporate reports: the Integrated Report, the Sustainability Report, and the Annual Securities Report. We define each report’s roles by content (from quantitative information to Value Creation Strategy) and time horizon (from results to the mid- to long-term perspective).
In particular, the Integrated Report and the Sustainability Report, which are released on the same day, can be read together to confirm ESG initiative progress and data in addition to management strategies. We also invite you to visit our websites for additional information.
Our Reporting Universe
Independent Assurance
To enhance the credibility of the disclosed sustainability data, the Hitachi Sustainability Report 2024 (scheduled to be posted in PDF format on the website by the end of September 2024) received third-party assurance for environmental, social, and governance performance indicators by KPMG AZSA Sustainability Co., Ltd. in accordance with the International Standard on Assurance Engagements (ISAE) 3000 and 3410. The indicators that were assured are marked with a 
.