Materiality
In accordance with the NSG Group Sustainability Policy, our group has identified material issues that must be recognized in order to achieve both sustainable growth for the company and the realization of a sustainable society over the medium to long term.
In drawing up our medium-term management plan, we have recently re-examined our material issues. We have reviewed this to clarify the company's policy that safety is a prerequisite for our business, and have separated “health and safety,” which was previously included as part of “human capital,” into a separate material issue, and have divided it into two categories: one as a basic element of management and the other as a source of competitiveness.
The three materiality issues of “health and safety”, “ethics and compliance,” and “safe, high-quality products and services” are the highest priorities for the entire Group, and we will manage them as basic management issues that must be achieved in the course of business operations and will continue to raise awareness and make improvements.
The three materialities of “environment,” “social shift innovation” and “human capital,” which are the source of competitiveness, correspond to the four "D"s (Business Development, Decarbonization, Diverse Talent, Digital Transformation) of this medium-term plan, and we will strategically address them in the new medium-term plan to improve corporate value.
Materiality Identification Process
Each topic was categorized by referring to the classifications in standards such as SASB, IIRC and GRI, and the social impact (Impact on Social Value) on each stakeholder and the financial impact (Impact on Corporate Value) on the company were scored and evaluated on two axes, and items with high scores were selected as “priority areas”. In assigning scores, we took into account the perspectives of the various stakeholders surrounding our company, such as investors, employees, customers, business partners in the value chain, and local residents. Of these, corporate governance and ensuring a financial base have a very strong impact on the company and are the foundation of the company, so we are addressing these as issues that the Group will focus on separately from the selection of materiality. This materiality assessment result was discussed at the Sustainability Committee and approved at the Board of Directors Meeting in FY2024/3.
In addition, we are currently preparing a new assessment (double materiality assessment) to comply with the requirements of the European Corporate Sustainability Reporting Directive (CSRD).
Aspirations
The following are the aspirations for each materiality to be achieved by the FY2030/3.
|
Materiality |
FY30 Aspirations |
Materiality Targets (Fundamental Management Matter) |
Health and Safety |
Under the strong leadership, a safety culture has been fostered in which all consider safety as a value and work together to build a safe workplace. All risks are properly managed. Particularly for critical risks, a high level of control is in place. The use of digital technology has significantly improved the level of control. |
Ethics and Compliance |
Partner and gain trust from stakeholders by regularly improving the Ethics and Compliance (E&C) programs to address Group risks. |
Safe and High-quality Products and Services |
Supply Chain:
To implement a Sustainable Supply Chain strategy to minimize negative environmental and societal impact, increase innovation, reduce waste and risk and enhance NSG’s brand
Quality:
Customer satisfaction remains as a core mission for the Group. The objective to supply of safe and high-quality products and services has been enhanced by incorporating a greater degree of automation and digitalization into our processes.
|
Materiality Targets(Sources of Competitiveness) |
Environment |
To exceed stakeholder expectations by implementing sustainable processes to produce environmentally positive products and actively contribute to a decarbonized and a circular based society. |
Social shift and Innovation |
With the strength of NSG’s unique glass technologies, we aim to be a trusted partner for the stakeholders and contribute to the realization of a sustainable society. |
Human Capital |
Employee Value Proposition:
A globally consistent employer brand that is relevant, differentiates NSG from its competitors and allows for local adaptation. The value proposition will be distinctive, aspirational but will maintain authenticity.
DEI:
Inclusive organization where everyone can be their best (#BeYourselfAtWork activity). Recognized as a leader and winner of awards
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For more details about Status of achievement of targets for FY2024/3
For more details about New Sustainability targets and KPIs