Response to social issues
Response to social issues
NTN Group analyzes risks and opportunities for each business environment such as the global trend of carbon neutrality, the accelerating electrification to achieve the carbon neutral goal, labor shortages and human rights issues, and takes countermeasures in line with the materiality. In order to respond to drastic changes in the external environment, we are implementing regular reviews on anticipated risks and opportunities.
■Risks, Opportunities and Measures
NTN’s Business Environment | Risks for the Company | Opportunities for the Company |
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Response to the paradigm shift | ||
Spread of next-generation mobility |
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Electrification of industrial machinery |
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Spread of AI and IoT |
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Spread of infectious diseases (COVID-19) |
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Response to environmental issues | ||
Reduction in CO2 emissions |
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Requests for energy-saving machinery |
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Reduction in environmental impact |
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Response to natural disasters |
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Change in demographics | ||
Medium- to long-term labor shortage |
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Growth of emerging countries |
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Issue of business succession |
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Globalization of the business | ||
Trade friction and tariffs |
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Prevention of child labor (human rights) |
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Response to conflict minerals |
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Rise of low-cost products |
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■Materiality
Contribution to solving social issues toward the future we aim for
Respond to climate change
Realize a sustainable society using natural energy
Reduce energy loss
Provide safety and comfort
Foundation to support ESG management
Resource recycling and pollution prevention
Improve the reliability of products and services
(Quality assurance, stable supply)
Procurement activities with an emphasis on environment and society
Promote safety and health
Respect for human rights
Human resource development
Promote diversity
Thorough compliance
Strengthen governance
■Main Measures and Related Materiality
NTN’s Business Environment | Main Measures | Related Materiality |
---|---|---|
Response to the 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 |
|
|
Change 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 |
|
|