Stakeholders Communication

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The Bridgestone Group prioritizes engagement with stakeholders as it strives to understand their perspectives and to share its point-of-view as well. We promote stakeholder engagement based on integrated reporting, and also closely link it to the process of prioritizing sustainability issues and integrating them into business strategy while ensuring alignment. As shown in the figure, the two processes are being rotated as two wheels, and continuous improvement of both processes is being pursued.

Communication activities of the Bridgestone Group

Stakeholder group Main issues / Key topics Uses and methods/opportunities of main dialogues Frequency
All stakeholders
  • Comprehensively communicating the Bridgestone’s approaches and initiatives for enhancing corporate value over the medium to long term
  • Deepening mutual understanding through dialogue
Publishing Bridgestone 3.0 Journey Integrated Report annually
Customers
  • Developing appealing products/services
  • Providing timely response and support
  • Providing appropriate information
  • Effectively managing customer information
Boosting recognition of the Group’s activities and generating opportunities for co-creation
Reflecting customer feedback into products and services
Responses to Customer Communication Center inquiries daily
Analysis, database compilation and internal utilization of customer input timely
Bridgestone Innovation Park's Bridgestone Innovation Gallery dedicated to Bridgestone history and innovation initiatives timely
Websites and social media daily
Daily sales and service activities
(retail stores, dealer channels, online commerce)
daily
Market research/Customer satisfaction survey timely
Auto shows and exhibitions timely
Shareholders
and Investors
  • Providing appropriate and timely information
  • Maximizing corporate value
Dialogue-based IR activities and timely, appropriate information disclosure
Reflecting shareholder and investor perspectives/feedback into management and IR activities
Annual Shareholders’ Meeting annually
Corporate Governance Report annually
Corporate Governance Code Report biannually
Financial results review meetings timely
Mid Term Business Plan (2024-2026) and progress updates timely
Investor relations website daily
Reports based on International Integrated Reporting Framework annually
Individual meetings with investors, and ESG dialogue with investors timely
Hosting a briefing on Summary of Financial Results for 2023
– Including review of Mid Term Business Plan (2021-2023)
Business Plan for 2024 – 1st year of Mid Term Business Plan (2024-2026)
Feb. 2024
Communications at sustainability-related events timely
Business
Partners
  • Ensuring fair and impartial transactions
  • Communicating Sustainable Procurement Policy
Promoting dialogue and mutual understanding to achieve sustainable procurement
Encouraging dialogue to improve on-site environments
Capacity building and supporting improved yields and income through dialogue with and education for smallholder farmers
Daily procurement activities daily
Procurement policy explanatory forums/Sustainability seminars biannually
Global Sustainable Procurement Policy rollout timely
Employees
  • Respecting human rights
  • Promoting diversity and inclusion, including diverse working styles
  • Developing and utilizing human resources
  • Promoting occupational health and safety, and health and productivity management
  • Facilitating mutual understanding between management and labor
Improving engagement through mutual understanding with employees
Objectively analyzing survey results and formulating and implementing action plans to improve workplace environments based on dialogue
Issuing and revising Bridgestone Code of Conduct, Global Human Rights Policy and Global Anti-Bribery Policy timely
Employee engagement survey timely
Personnel evaluation systems and career development consultation timely
Talent matching system (open-posting system and job-matching system) timely
Participation in The Valuable 500, promote appointment and recruitment of female managers timely
Meetings between labor and management timely
In-house newsletters and intranet daily
Town hall meetings timely
Bridgestone Group Awards and other reward systems Award: annually
Internal events related to the Olympic and Paralympic Games timely
Local Communities, NGOs
  • Contributing to local communities
  • Preserving local environments
  • Supporting activities in locations with Bridgestone Group operating sites
Understanding issues in local communities, supporting solutions, and building trust
Donations and social contribution activities timely
Facility tours timely
Environmental and safety education activities timely
Sponsorship and aid for local events timely
Disaster relief and reconstruction support timely
Dialogue and collaborations with NGOs timely
Government Agencies, Industry Organizations and Educational Institutions
  • Contributing to the development of a safe and reliable mobile society
  • Supporting education activities
  • Participating in industry economic impact studies and supply chain assessments
Promoting and supporting the formulation of industry standards
Revising policy guidelines in line with social and industry trends
Trade association memberships, committees and conferences timely
Dialogue and collaborations with economic and industry organizations timely
Dialogue with government representatives timely
Participation in global initiatives on sustainability and environment such as the Tire Industry Project operated under the World Business Council for Sustainable Development, the Global Platform for Sustainable Natural Rubber, Task Force on Climate-related Financial Disclosures, and Business for Nature timely
Interaction and exchanges of opinion with municipal government agencies timely
Communication, coordination, and support of industry-government-academia partnerships timely

Establishing and enhancing communication structures

An active role in industrial initiatives

The Group takes the environmental and social impact of the tire industry seriously and play a leading role in building knowledge and establishing industry standards to better address the challenges facing the industry as a whole.

For more information on the Group's engagement and initiatives with external organizations, see “Partnerships and Collaboration with External Organizations.”

Dialogue-based IR activities and information disclosure in a timely and appropriate manner

Bridgestone has defined a vision of providing social value and customer value as a sustainable solutions company toward 2050. To achieve this vision, Bridgestone is moving forward with the implementation of mid-long term business strategy that place sustainability at the core of management. Through quarterly financial results announcements, we also announce the progress of the Mid Term Business Plan. We consider it important for the Global CEO to take the stage at such announcements to engage in direct dialogue with analysts and investors. We work to build mutual relationships of trust by taking consideration of the various suggestions obtained through this dialogue in our management strategies and IR activities.

In March 2024, we announced the Mid Term Business Plan (2024-2026) as a hybrid event which was a combination of offline and online. Global CEO and Global CTO appeared at the presentation and engaged in an open dialogue with analysts on a wide range of strategic and technical interest.

In addition to our regular financial results announcements, we are also expanding opportunities for one-on-one dialogue with investors. The Global CEO and Independent Directors engage in direct dialogue, provide feedback to the global management team and the Board of Directors on the suggestions and expectations they have gleaned. They are then reflected in discussions and business activities so as to create value for the future.

At Bridgestone there are two parties working together; Global Sustainability Strategy Division which integrate management strategies, business activities and corporate culture to sustainability, and IR department which promote information disclosure and dialogue with analysts and investors. Through these organizations, Bridgestone is improving dialogue with investors on our approach to sustainability issues and the management strategies that will allow us to achieve sustainable growth alongside our customer and society.

In addition to enhancing information disclosure in a timely and appropriate manner, through our integrated report we are also enhancing communication of our unique value creation stories that balance sustainability and business. We exchange opinions not only on ESG investment perspectives, but also on expectations from investors’ perspectives as we grow as a sustainable solutions company.

We will further strengthen information dissemination regarding a roadmap toward our future growth, which is to return to a “strong” Bridgestone capable of adapting to change, move to the “true next stage”, and become a resilient “excellent” Bridgestone.

Direct communication with customers and the general public

The Bridgestone Customer Communication Center gathers and analyzes customer impressions from inquiries and comments as well as assessments from the Internet and disseminates this information internally to corporate officers and other employees. This leads to improved products and services, while the Group reports are used in an attempt to increase employee motivation. Bridgestone is also focusing efforts on communicating Company activities in an easily understandable way to customers and the general public using the Internet and other digital forms of communication incorporating images and video.

Facility tours for the general public

Bridgestone offers tire plant tours to the general public in Japan. Visitors can see how tires are made and how the Company contributes to environmental conservation throughout the manufacturing process.

Relevant Information

Sustainability