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Nabtesco Group’s Approach to CSR

CSR Basic Policy and Materiality

Nabtesco Group’s CSR Basic Policy

By practicing The Nabtesco Way, the Nabtesco Group strives to ensure management transparency, provide safety, comfort and a sense of security, and fulfill its corporate social responsibilities, thereby contributing to solving environmental and social issues and seeking to enhance corporate value on a sustainable basis.

In 2016, the Nabtesco Group established the “CSR Basic Policy” with the aim of pursuing CSR management in a more systematic manner. The “CSR Basic Policy” explicitly states that the Group strives to address its material CSR issues by implementing The Nabtesco Way in its effort to fulfill corporate social responsibilities in order to meet stakeholders’ demands and expectations.

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Materiality (Material CSR Issues)

The policy to “Ensure management transparency” and “Provide safety, comfort and a sense of security” upheld under the CSR Basic Policy represents the Group’s material issues. By incorporating the concept of materiality into the CSR Basic Policy, we are strategically tackling CSR issues that are important to the Group as well as to its stakeholders.

General
Category
ESG Category Materiality
(Material CSR Issues)
Major SDGs of
Relevance
Ensure
management transparency
Governance (G) Strengthen corporate governance 16,17
Promote risks management and compliance behavior
Ensure proactive dialogue with stakeholders
comfort and
safety,
Provide
a sense of
security
Society (S) Enhance customer satisfaction
Ensure quality and safety
3,4,5,8,9,10,12
Develop human capital and promote workplace diversity
Provide safe and comfortable workplaces
Respect human rights
Prevent corruption
Fair, proper and transparent procurement activities
Local community development
Environment (E) Countermeasures for climate change 6,7,11,13
Environmentally friendly manufacturing
Reduction of environmental impact through products and services
Recycling, reuse and remanufacture of products
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Process for Identifying Materiality

As part of our process of periodically reviewing materiality, the Group’s CSR Committee repeatedly discussed what issues should be addressed with priority, while taking into consideration global social issues and exchanging views with external experts.

Specifically, we identified issues faced by the Group as a whole in reference to our customers’ CSR questionnaire results, sustainability information disclosure standards*1, and information provided by ESG research organizations*2, as well as issues that need to be addressed by each division and department. Then, we assessed the materiality of the identified issues from the perspectives of “importance for stakeholders” and “importance for our company,” and specified those assessed as particularly material to be included among our material CSR issues.

Furthermore, the Group is also proactively implementing initiatives aimed at the achievement of sustainable development goals (SDGs) in view of the latest trends in global sustainability.
Of the 17 SDGs, those with strong relevance to the Group’s material CSR issues are indicated.

  • *1 Sustainability information disclosure standards: Standards developed by the Sustainability Accounting Standard Board (SASB) in the United States and the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines (G4)
  • *2 ESG research organizations: RobecoSAM, FTSE, Sustainalytics, Vigeo and others
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Support the External Initiatives

Participation in the United Nations Global Compact

The United Nations Global Compact (UNGC) is an international initiative that calls on companies and organizations to demonstrate responsible and creative leadership and take action as good corporate citizens for the achievement of sustainable growth. Signatories of the UNGC are required to comply with the “ten principles” set in the areas of human rights, labor standards, the environment, and anti-corruption, and implement voluntary measures with a strong commitment from their senior management.

Nabtesco signed the UNGC to show its support for the initiative in April 2014. Since then, the Company has been donating a certain amount of money every year to contribute to the implementation of the aforementioned ten principles including the protection of human rights. We have been proactively participating in symposiums and study groups organized by the global compact Network Japan. In fiscal 2017, we have participated in the study groups on SRI/ESG, reporting, environmental management, supply chains (including human rights and the environment), anti-corruption, and human rights due diligence. Building on the cooperation and dialogues with external initiatives that we have engaged in by participating in these events, we will continue to interact with other participating companies and learn from advanced examples how to better foster CSR-oriented management at our Company.

Measures for SDGs (Sustainable Development Goals)

We have taken proactive measures for achieving the Sustainable Development Goals (SDGs). By setting targets associated with those goals among the 17 SDGs that have strong relevance to our material CSR issues, and thereby addressing materiality, we are striving to realize a more sustainable society.

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Nabtesco Group’s Approach to CSR
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Katsuhiro TERAMOTO Representative Director, Presidents and CEO, Nabte...

Nabtesco Group’s Approach to CSR
CSR Basic Policy and Materiality

Nabtesco Group’s CSR Basic Policy

By practicing The Nabtesco Way, the Nabtesco Group strives to ensure mana...

Nabtesco Group’s Approach to CSR
CSR Basic Policy and Materiality

Materiality (Material CSR Issues)

The policy to “Ensure management transparency” and “Provide safety, comfort...

Nabtesco Group’s Approach to CSR
CSR Basic Policy and Materiality

Process for Identifying Materiality

As part of our process of periodically reviewing materiality, the Group’s C...

Nabtesco Group’s Approach to CSR
CSR Basic Policy and Materiality

Support the External Initiatives

Participation in the United Nations Global Compact The United Nations Gl...

Nabtesco Group’s Approach to CSR
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