CSR activities in FY2020
Identify Materiality
In March 2015, we signed the United Nations Global Compact, which is a global framework for the international community to achieve sustainable growth, and we are aiming to realize the SDGs. In December 2020, we identified 13 items of materiality that our group should prioritize toward the realization of the SDGs. This initiative has been resolved by the Board of Directors based on consideration by the Sustainability Committee, which is organized across departments.
Identification process
Step 1 Extraction of materiality candidates
- Extract social issues with reference to the GRI Standard, which is an international framework in the field of sustainability.
- Extract items that are candidates for materiality based on the direction of structural changes that have a major impact on the economy / environment / society and the company's efforts.
Step 2 Evaluation and analysis of materiality candidates
- Evaluate the 99 items extracted in STEP 1 on a three-point scale from the perspectives of "expectations from society" and "relevance to our business."
- Regard items with high evaluations as materiality proposals and organize them into "positive impact" and "negative impact."
Step 3 Dialog with academics and experts
- Collect suggestions and opinions from academics and experts in the field of CSR / sustainability, as well as Outside Directors regarding ideas about materiality identification and ESG strategies that should be focused on.
Step 4 Validity assessment in overseas affiliated companies
- Conduct a questionnaire survey targeting the presidents of our overseas affiliated companies and confirm that all overseas affiliated companies agree with the materiality proposals.
Step 5 Identify materiality
- The Board of Directors resolved 13 items of materiality.
Materiality
We aim to realize a "NAMERAKA Society" through the implementation of our corporate philosophy. This pursues the same goal as SDGs that aim to realize a sustainable society. The 13 items of materiality are linked to the two perspectives of "Contribute to society through creation of original technologies" and "Form management systems / corporate organization which are essential for NTN, as a global company" set forth in our corporate philosophy, and we will contribute to the achievement of SDGs by prioritizing these initiatives.
Corporate Philosophy
We shall contribute to international society through creating new technologies and developing new products
- 1. Creation of original technologies
- 2. Offering the technologies for additional value and service that are suitable for each customer and end user.
- 3. Improvement of employees' standard of living, distribution of fair returns to stockholders, and contribution to society based on the steady growth of our business.
- 4. Promotion of globalization, and formation of management systems/corporate organization which are essential for NTN, as an international leading company.
Materiality
Contribute to society through creation of original technologies
(Strengthen positive impacts)
| Materiality | Related SDGs | |
|---|---|---|
| Environment | Reduce energy loss |
|
| Realize a sustainable society using natural energy |
|
|
| Social | Provide safety and comfort |
|
Form management systems / corporate organization which are essential for NTN, as a
global company
(Reduce negative impacts)
Support for TCFD recommendations
We expressed our support of recommendations from "Task Force on Climate-related Financial Disclosures (hereafter TCFD)" in May 2021. Efforts in line with TCFD recommendations will lead to materiality measures such as "Respond to climate change" and "Reduce energy loss," and we will incorporate those measures into our business activities by setting targets.