HOME > Corporate Social Responsibility > Archive by year > 2018 > Responding to issues of public concern

CSR activities in FY2018

Responding to issues of public concern

UN Global Compact SDGs Value Creation Risks and Opportunities

UN Global Compact

We endorsed the United Nations Global Compact (an international initiative for developing a global framework for sustainable worldwide growth) in 2015. Under the UN Global Compact, we support ten principles in the four areas of human rights, labour, environment, and anti-corruption. We also proactively participate in the Kansai subcommittee, which is established by the UN Global Compact, as a facilitator to realize sustainable society through business activities.

■The Ten Principles of the UN Global Compact

Human Rights

Human Rights

Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and

Principle 2: make sure that they are not complicit in human rights abuses.

Labour

Labour

Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;

Principle 4: the elimination of all forms of forced and compulsory labour;

Principle 5: the effective abolition of child labour; and

Principle 6: the elimination of discrimination in respect of employment and occupation.

Environment

Environment

Principle 7: Businesses should support a precautionary approach to environmental challenges;

Principle 8: undertake initiatives to promote greater environmental responsibility; and

Principle 9: encourage the development and diffusion of environmentally friendly technologies.

Anti-Corruption

Anti-Corruption

Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery

SDGs

We promote business initiatives while also remaining aware of the 17 goals and 169 targets of the UN’s Sustainable Development Goals (SDGs) that came into effect in January 2016.

■Relationship to SDGs

We are working on solving issues of public concern by promoting our business initiatives while also remaining aware of the SDGs’17goals.The table below shows the relationships between SDGs and our business initiatives classified by stakeholders.
Please click on the icons below to see more details.

Stakeholders Targets for SDGs
Customers

Customers
Business Partners

Business Partners
Employees

Employees
Environment

Environment
Local communities

Local communities
Shareholders/investors

Shareholders
/investors

Value Creation Risks and Opportunities

The NTN Group is aware of social issues anticipated in the future, such as the climate change, growth of emerging countries, rising human rights awareness, changes in demographics, environmental pollution, technological innovation and changes in industrial structure, and trade issues as well as Sustainable Development Goals (SDGs), and is therefore working to strengthen its business activities and foundation that supports them to respond to the risks and opportunities surrounding its businesses. These measures not only enable sustained growth of the Group's businesses, but also help bring solutions to social issues.

Risks and Opportunities Associated with NTN’s Management

    • Spread of electric vehicles (EVs)
    • Electrification of industrial machinery
    • Expansion of the sharing economy
    • Infringement of intellectual property
    • Changes in end-user needs
    • Spread of AI/IoT
    • Advances in medical technologies
    • Soaring material costs
    • Cyber threats
    • Demands for energy saving products for various machinery types
    • Reduction in CO2 emissions
    • Reduction in environmental impact
    • Response to natural disasters
    • The rise of the renewable energy industry
    • Water shortage
    • Laws and regulations associated with the climate change
    • Medium- to long-term labor shortage
    • Growth of emerging countries (improvement of QOL)
    • Issue of business succession
    • The rise of low-cost products from emerging countries
    • Global governance
    • Foreign exchange fluctuations
    • Trade frictions and tariffs
    • Expansion of internet sales
    • Violation of competition laws
    • Sustainable procurement
    • Quality assurance systems that conform to the same standards worldwide
    • BCP/BCM
    • Response to child labor and conflict minerals

NTN’s Efforts

Strengthen the Businesses

    • Acquire the latest technologies using NTN Next Generation Research Alliance Laboratory, conduct R&D in anticipation of customer needs, and shorten development time by utilizing CAE
    • Provide new added value such as sensing technology, in addition to further development of products for EVs and improvement of performance of core products
    • Propose products for advanced medical treatment such as microscopic coating applicators
    • Further improve performance of the products
    • Provide CMS technologies to prevent opportunity loss for application in renewable energy such as wind turbines
    • Provide natural energy products such as "N3 N-CUBE"
    • Provide products that meet the growing demand for machinery to support infrastructure and for robots associated with labor savings in manufacturing processes
    • Achieve high productivity even with a decrease in human resources by utilizing CAE technologies and RPA
    • Focus on high value-added products, such as by outsourcing standard products
    • Develop a system that enables timely delivery as required by customers, such as by securing products for immediate delivery
    • Reduce foreign exchange sensitivity by expansion of local production and local procurement, and pass expenses incurred on to customers

Strengthen the Foundation

    • Improve IT governance and strengthen information security by introducing a new core IT system
    • Strictly manage intellectual property
    • Reduce cost through variable cost reformation and reduce materials by advanced Monozukuri
    • Reduce water consumption by analyzing water risks and responding to them, and advanced Monozukuri
    • Strictly prohibit the use of regulated substances
    • Further promote energy saving activities in businesses
    • Support business continuity through dialog with suppliers, and find new business partners
    • Develop a quality assurance system with "Made by NTN"
    • Globalize internal control and compliance, offer various seminars in accordance with local laws and circumstances, prepare BCP, and conduct training
    • Promote CSR (Corporate Social Responsibility) procurement, which prioritizes procurement from business partners that proactively take CSR initiatives, promote green procurement, and find new suppliers