Alignment of People Strategy with Management Strategy
NSG Group addresses "Human Capital" as one of the material issues (materiality) based on Our Vision, the management principles set out in 2018 to achieve the sustainable growth of the Group and contribute to a sustainable society in the medium to long term. People are the "capital" and are essential to the business, both to sustain our business and to achieve growth. NSG Group believes that a strong corporate culture, an effective human resources system, and a work environment that provides opportunities for employees to develop and grow are essential. In short, this is the goal of "Human Capital Investment" and the role of the CHRO and the HR teams around the world is to enhance the effectiveness and efficiency of this investment and to continue to drive the growth required to meet our business objectives.
Our HR Strategy
We recognize our employees as a core driver of sustainable value. Building a robust and high-performing workforce and organization is pivotal to our strategy. Our HR strategy is aligned with our Medium-Term Plan "2030 Vision: Shift the Phase", and is designed to foster inclusion, attract talent, and create opportunities to develop our people. We have identified key focus areas that will be pivotal in delivering our strategy and will drive value in alignment with our strategic objectives which are detailed later in this report. At the end of this section, we have highlighted key operational and performance metrics which illustrate improvements we have made over time, including the increase in the percentage of female managers from 16.8% to 18.0%, and achieving parity in the annual attrition rates between male and female employees, with the variance now reduced to 0%.
Strategic Objectives:
- Cultivate a culture anchored in our core values
- Attract, develop and retain talent
- Strengthen team capabilities to drive innovation forward
- Continuously improve the people experience
Human Rights, Employee-Wellbeing and Health Management
Our approach to Human Rights and Wellbeing forms the foundation of our HR strategy, shaping our MTP and reinforcing our commitment to sustainable and responsible growth. At the heart of NSG Group's corporate philosophy are six Core Values that guide our operations and behavior. Foremost among these is our commitment to "Respecting Others and Unleashing Their Potential", reflecting our long-standing belief-rooted in the Sumitomo tradition since 1918-that people are our most important asset. Complementing this is our second Core Value: "Exemplifying Trust and Integrity".
These principles are embedded in the NSG Group Code of Ethics, which outlines the expected standards of conduct for all employees. The Code affirms our dedication to safety, respect for human rights, personal accountability, and open, inclusive communication. It explicitly acknowledges internationally recognized human rights and reinforces our commitment to ethical and responsible business practices. We recognize that a safe and healthy work environment is not only essential, but a reflection of our respect and care for every individual within our organization. Our commitment to this can be seen in the continuous improvement of health and safety management and our strong safety culture across all sites.
Our Equal Opportunities and Diversity Policy prohibits discrimination on any grounds, including but not limited to their personal background, race, color, creed, nationality, age, marital/partnership status, pregnancy and maternity, gender, gender reassignment, sexual orientation, religion, or other beliefs, ethnic or national origins, disability, union membership, political affiliation, other status protected by law. This policy underpins our efforts to foster a diverse and inclusive workplace where all individuals are treated with dignity and fairness.
Future Outlook
We will continue to invest in our people to ensure we remain agile and competitive. Our focus will continue to be on DEI, Digital and EVP, as outlined above. As part of the Digital initiative, once we've set the foundations, we will have set ourselves up for success when it comes to selecting and implementing a Global HR system.
In addition to these three core focus areas, we also intend to increase our efforts in Talent Acquisition with the aspiration to be seen in the external market as a great employer and a great place to work. The key actions above have demonstrated the value we will create in relation to attracting talent and we intend to do more in this space to drive even greater value in the future.