CSR activities in FY2021
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. The materiality is 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. The former is to meet the expectations of society through our products and services, and the latter is the foundation to support ESG management. In the fiscal year ended March 31, 2022, we established measures and KPIs for each materiality and are working to achieve these goals. These initiatives have been reported to 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
Contribute to society through creation of original technologies (Strengthen positive impacts)
Materiality | KPIs and targets for the fiscal year ending March 31, 2023 | |
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Environment | Reduce energy loss |
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Realize a sustainable society using natural energy |
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Social | Provide safety and comfort |
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Form management systems / corporate organization which are essential for NTN, as a global company (Reduce negative impacts)
Materiality | KPIs and targets for the fiscal year ending March 31, 2023 | |
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Environment | Respond to climate change |
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Resource recycling and pollution prevention |
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Social | Improve the reliability of products and services (Quality assurance, stable supply) |
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Procurement activities with an emphasis on environment and society |
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Respect for human rights |
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Promote safety and health |
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Human resource development |
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Promote diversity |
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Governance | Thorough compliance |
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Strengthen governance |
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