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APEC Top Management Forum on Diversity Management for Women's Empowerment to be Held

The Ministry of Economy, Trade and Industry (METI) will hold a forum aiming at dissemination of diversity management as a continuous source of mid- to long-term corporate value. This forum will bring together business owners, investors and other persons engaged in leading efforts for successful diversity management from APEC member economies, including Japan, and present keynote speeches, participate in panel discussions and other events. Through this forum, METI aims to encourage companies to advance their efforts for diversity management and share recognition of the importance of diversity management.

1. Background and purpose

An increasing number of Japanese companies have been recognizing the importance of diversity management and have been focusing on its importance as a tool to implement a management strategy that enhances their earning power. To address changes in external environments arising from global competition and other factors that Japan and other APEC member economies commonly face, there is a significant need for corporate leaders to change their human resource strategies through management reform. Moreover, capital market stakeholders are increasingly requesting that corporate leaders improve corporate value on a mid- to long-term basis. Against this backdrop, it is indispensable for companies to increase transparency and improve dialogue with stakeholders.

Generally, corporate management indices tend to improve as they advance efforts for empowerment of women in the workplace, and it is expected that this contributes to improving the stock performance of these companies. In practice, investors expect these companies to contribute to improving mid- to long-term corporate value, and based on this, they invest based on a focus on corporate environments and efforts involving empowerment of women in the workplace.

METI held discussions concerning ideal approaches to diversity management (Diversity 2.0) as a continuous source of mid- to long-term corporate value, and in March 2017, it compiled a list of actions that enterprises should take for successful diversity management into “Diversity 2.0 Action Guidelines.”* In FY2017, METI has been endeavoring to encourage companies to implement Diversity 2.0 through efforts for disseminating the Action Guidelines among companies.

Focusing on diversity management, the forum will [ⅰ] explain trends inside and outside Japan in terms of the effect of diversity on corporate performance in capital markets, and [ⅱ] convey to the rest of the world the efforts advanced by companies in a variety of countries for promoting diversity management. Through this event, METI will encourage companies in Japan and other APEC member economies to advance diversity management, and also share our recognition of the importance of diversity management.

APEC member economies have been committed to contributing to gender equality and promotion of empowerment of women in the workplace, under the understanding that women's empowerment will accelerate economic growth, under the Women and the Economy Forum (WEF), an organization whose establishment was triggered by the Yokohama Vision adopted at the Japan-APEC summit meeting in 2010. This forum will be held in response to the approval by the APEC Policy Partnership on Women and the Economy (PPWE), as an APEC project proposed by METI.

2. Outline of the forum

Date and time:
October 18 (Wed.), 2017; from 9:30 to 15:00 (reception will open at 9:00.)
Venue:
Tokai University Club (35th floor of Kasumigaseki Building, 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo)
Eligible Participants:
Stakeholders involved in APEC, governments and companies, investors, the press, and people who are interested in diversity management, including those from APEC non-member countries
Organizer:
APEC/METI
Admission:
Free (prior registration is required)
Languages:
Japanese/English (simultaneous translation available)

Note:Please note that this program, including speakers and panelists, may change or provide additional information without prior notice.

Program (tentative):
Opening remarks
METI Parliamentary Vice-Minister
Guest speech:
Speaker: Ms. Fumiko Hayashi, Mayor of Yokohama City
Topic: Women and the Economy in APEC
Explanation of efforts by the APEC Business Advisory Council (ABAC) :
Mr. Koji Hasegawa, Executive Vice President, Mitsubishi Heavy Industries, Ltd.
Topic: ABAC’s Initiatives on Women and the Economy
Keynote speech [ⅰ]:
Ms. Lori M. Heinel, Deputy Global Chief Investment Officer, State Street Global Advisors
Topic: Initiatives regarding Diversity Including Stewardship Activities
Keynote Speech [ⅱ]:
Mr. Hiroshi Aoi, President and Representative Director, Marui Group Co., Ltd.
Topic: Diversity Management Initiatives

Coffee Break

Panel Discussion [ⅰ]- Investors’ Session
Theme: Investor views on the significance of gender diversity management and their evaluation of companies’ efforts
Moderator:
Ms. Yumiko Murakami, Head of OECD Tokyo Centre
Panelists
(panelist under coordination), Government Pension Investment Fund, Japan (GPIF)
Mr. Seiji Inagaki, Representative Director, President, The Dai-ichi Life Insurance Company, Limited,
Ms. Lori M. Heinel, Deputy Global Chief Investment Officer, State Street Global Advisors,
Mr. Grant Knuckey, CEO Japan, Australia and New Zealand Banking Group Limited, and others

Coffee Break

Panel discussion [ⅱ] - Executives’ Session
Theme: Top executives at leading companies share their gender diversity management initiatives and efforts to improve dialogue with capital market stakeholders
Moderator:
Ms. Yumiko Murakami, Head of OECD Tokyo Centre
Panelists
Mr. Hiroshi Aoi, President and Representative Director, Marui Group Co., Ltd.
Ms. Denise R. Rutherford, President, 3M Japan Holdings G.K. & 3M Japan Limited,
Ms. Monica Flores Barragan, President Latin America, Manpower Group
Ms. Hamidah Naziadin, Group Chief People Officer, CIMB Group,
Ms. Pacita "Chit" Juan, Chair, Women's Business Council of the Philippines; Founder and Chair, ECHOstore sustainable lifestyle; and others, and others

Closing remarks

3. To attend

If you wish to attend the forum, visit the following website to register in advance. Please register for this event by Wednesday, October 11, 2017.  (Please note that participants will be selected by lottery if the number of applicants exceeds the maximum capacity of the venue.)

Release date

September 19, 2017

Divisions in Charge

  • APEC Office, Trade Policy Bureau
  • Economic and Social Policy Office, Economic and Industrial Policy Bureau
Ministry of Economy, Trade and Industry1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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