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 December 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.
Materiality (Material CSR Issues)
The policy to “Ensure management transparency” and “Provide safety, comfort and a sense of security” upheld under the abovementioned 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.
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*, and information provided by ESG research organizations**, 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.
*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)
** ESG research organizations: RobecoSAM, FTSE, Sustainalytics, Vigeo and others