CSR activities in FY2020
Towards Realization of A "NAMERAKA Society"
NTN's Future Vision
Towards Realization of A "NAMERAKA Society*"
In December 2019, we established a Management Policy of the NTN Group. This represents the NTN Group's management philosophy and stance, and is based on the Founders' Spirit consisting of the "Frontier Spirit" and "Coexistence and Co-prosperity Spirit" and on our corporate philosophy that incorporates these spirits. In addition, the NTN Group has clearly stated its stance towards all stakeholders involved in the NTN Group. By steadily implementing initiatives based on the above, we aim to realize a "NAMERAKA Society.*"
Management Policy
NTN Group aims to realize a "NAMERAKA Society*" through practicing its corporate philosophy. As a company that is trusted and needed by communities including stakeholders, we engage in business activities with an emphasis on respect of human rights and compliance.
* NAMERAKA Society : A society where people can easily lead a secure and fulfilling life in harmony with nature.
Our Vision
- A company where its corporate philosophy is understood by all employees around the world, and where all employees think and act by themselves
- A company that has a global presence with original new products and services appreciated for high quality and functions
- A company which everyone involved can be proud of the "NTN" brand
Response to social issues
NTN Group views the global trend of carbon neutrality (environmental impact reduction and decarbonization), the accelerating electrification to achieve the carbon neutral goal, and a business environment facing labor shortages and human rights issues from the perspectives of "Response to paradigm shift," "Response to environmental issues," "Changes in demographics," and "Globalization of the business." We will contribute to solving social issues while continually growing through our business activities by implementing countermeasures in line with the materiality of anticipated risks and opportunities.
■Risks and Opportunities Surrounding NTN
NTN's Business Environment | Risks for the Company | Opportunities for the Company |
---|---|---|
Response to paradigm shift | ||
Spread of next-generation mobility |
|
|
Electrification of industrial machinery |
|
|
Spread of AI and IoT |
|
|
Spread of infectious diseases (COVID-19) |
|
|
Response to environmental issues | ||
Reduction in CO2 emissions |
|
|
Requests for energy-saving machinery |
|
|
Reduction in environmental impact |
|
|
Response to natural disasters |
|
|
Changes in demographics | ||
Medium-to long-term labor shortage |
|
|
Growth of emerging countries |
|
|
Issue of business succession |
|
|
Globalization of the business | ||
Trade friction and tariffs |
|
|
Prevention of child labor (human rights) |
|
|
Response to conflict minerals |
|
|
Rise of low-cost products |
|
|
■Materiality
Contributing to society through creation of original technologies
(Strengthening positive impacts)Reducing energy loss
Realizing a sustainable society using natural energy
Providing safety and comfort
Forming management systems/corporate organization which are essential for NTN, a global company
(Reducing negative impacts)Responding to climate change
Resource recycling and pollution prevention
Improving the reliability of products and services
Procurement activities with an emphasis on the environment and society
Respect for human rights
Promoting occupational safety and health
Human resource development
Promoting diversity
Thorough compliance
Strengthening governance
■Main Measures and Related Materiality
NTN's Business Environment | Main Measures | Related Materiality |
---|---|---|
Response to paradigm shift | ||
Spread of next-generation mobility |
|
|
Electrification of industrial machinery |
|
|
Spread of AI and IoT |
|
|
Spread of infectious diseases (COVID-19) |
|
|
Response to environmental issues | ||
Reduction in CO2 emissions |
|
|
Requests for energy-saving machinery |
|
|
Reduction in environmental impact |
|
|
Response to natural disasters |
|
|
Changes in demographics | ||
Medium- to long-term labor shortage |
|
|
Growth of emerging countries |
|
|
Issue of business succession |
|
|
Globalization of the business | ||
Trade friction and tariffs |
|
|
Prevention of child labor (human rights) |
|
|
Response to conflict minerals |
|
|
Rise of low-cost products |
|
|