Government Event Held at Tokyo Nutrition for Growth (N4G) Summit 2021: Workplace Health Investment as a Corporate Strategy - Potential of Health and Productivity Management
December 22, 2021
The Ministry of Economy, Trade and Industry (METI) held a government event at the Tokyo Nutrition for Growth (N4G) Summit 2021 on December 7, 2021. Titled "Workplace Health Investment as a Corporate Strategy - Potential of Health and Productivity Management," it included discussions on corporate strategy related to health investment and evaluations by stakeholders. Attendees included business leaders working on health and productivity management, investors, international organizations, and NGOs.
1. Outline of the event
Workplace Health Investment as a Corporate Strategy - Potential of Health and Productivity Management
December 7, 2021 (Tue.), 15:00-16:30
Opening address by the organizer: Hagiuda Koichi, Minister of Economy, Trade and Industry
Lectures and panelists:
- Ms. Daisylyn T. Edades, Head of Global Health Services Operations, Asia Pacific, Johnson & Johnson
- Mr. Nishii Takaaki, Representative Executive Officer and President, Ajinomoto Co., Ltd.
- Mr. Boris Moutier, Asia Chief Investment Officer, AXA
- Mr. Ulrik Vestergaard Knudsen, Deputy Secretary-General, OECD
- Dr. Lawrence Haddad, Executive Director, Global Alliance for Improved Nutrition
Outline of the program (PDF) (Profiles of the program and panelists (PDF:881KB))
2. Summary of the results
Click here for the discussion summary (PDF) (Summary of the results and OECD Background Document (PDF:825KB))
Summary of comments by the panelists
- More than 80% of Nikkei 225 companies have applied to become the excellent corporations for Health and Productivity Management, indicating that many leading companies regardless of the industry, are emphasizing investment in the health of their employees.
- By strengthening the disclosure of information on companies' Health and Productivity Management, we are working to improve the environment so that all stakeholders, including local communities and investors, can evaluate Health and Productivity Management initiatives of companies.
- Health and Productivity Management regards people as a source for a competitive advantage of business to promote health of the employees. Japan has been a pioneer in this field, and will continue to promote the benefits of Health and Productivity Management to the world.
Ms. Daisylyn T. Edades / Johnson & Johnson
- Employees are the most important assets of a company, and it is important for companies to develop and implement employee health strategies.
- We operate globally, and if all of our employees are healthy and happy, that is when they perform their best. As a result, the entire company will perform at its best, and customers and local communities can become the healthiest they can be.
Mr. Nishii Takaaki / Ajinomoto Co., Ltd.
- Focusing on the physical and mental health of employees will increase their engagement, motivation, and productivity, and reduce absences and working while sick. It has a positive correlation with business results and creates social and economic value.
- It is an important corporate strategy for companies of all sizes to extend the health of their employees through health and productivity management in order to secure employees in an aging society.
- I would like to propose a contribution to the supply chain. Our business uses agricultural products from emerging countries for its raw materials, and in order to ensure a sustainable supply of these products, I think it would be good to spread health and productivity management as part of the support of agricultural workers further up the supply chain.
Mr. Boris Moutier / AXA
- As part of our AXA comprehensive ESG approach to all our investment, health at work place is an important component of "S." Health and Productivity Management is precisely a consideration when we review investment opportunities.
- We encourage companies to adopt Health and Productivity Management and disclose further about their employee health strategy and practice.
Mr. Ulrik Vestergaard Knudsen / OECD
- Workplace health leads to fewer absences, increased productivity, and improved engagement. It has a significant impact on employees, companies, and the economy. For example, labor losses due to obesity-related diseases account for more than 50 million people in 52 countries (OECD, G20, EU Member States). In addition, poor mental health in the whole European region led to losses over 1.5% of its GDP.
- Efforts to improve employee health improve the company's productivity and make employees happy and healthy. It's a win-win-win.
Mr. Lawrence Haddad / The Global Alliance for Improved Nutrition (NGO)
- The workplace is where you spend 8-12 hours a day, and health efforts such as improving nutrition in the workplace are extremely important.
- It has been estimated that an investment of one dollar in workplace health will yield a return of three to six dollars. Investing in employee health also increases loyalty to the company.
3. Future direction
METI will contribute to the improvement of global nutrition by promoting companies’ workplace health investment and disseminating Japan's “Health and Productivity Management” initiatives internationally.
In Japan, more than 50,000 companies self-declared their intention to make their workplaces healthier in 2020. METI aims to double the number of such companies to over 100,000 by 2025.
Also in 2020, 448 companies have disclosed the evaluation results related to their “Health and Productivity Management”. The aggregate market value of these companies was 249 trillion yen as of 15th June 2021, which is about one third of the total market value of public-listed companies in Japan. METI aims to increase this ratio to more than two thirds by 2025.
METI's commitment at the Nutrition for Growth Summit
Doubling the number of companies self-declaring to make their workplaces healthier from 50,000 in 2020 to over 100,000 by 2025, and
Increasing the number of public-listed companies in Japan disclosing evaluation results related to their “Health and Productivity Management” by 2025, with an aim to make those companies’ aggregate market value more than two thirds of the total market value of public-listed companies.
4. Tokyo Nutrition for Growth Summit 2021 outcome document
- Tokyo Compact on Global Nutrition for Growth
- Tokyo Compact on Global Nutrition for Growth Annex: Commitments
5. Reference links
- Medical and Nursing Care, and Health; Policies; METI
- Tokyo Nutrition for Growth (N4G) Summit 2021 official website
- Speech by Prime Minister Kishida at the Tokyo Nutrition for Growth Summit 2021 (Prime Minister's Office of Japan website)
- Summary of the results of the Tokyo Nutrition for Growth Summit 2021 (Ministry of Foreign Affairs of Japan website)
Division in Charge
Healthcare Industries Division, Commerce and Service Industry Policy Group