Key issues (materiality)
The world faces many serious issues, including climate change problems and rising populations. Companies play prominent roles in solving those issues. At the Nihon Parkerizing Group, we have identified six key issues (materiality) that we must address by identifying risks and opportunities in our business activities under Vision2030, our management vision that we announced in May 2021. We will create new value by proactively addressing social issues as a specialist in surface modification to be a company that continues developing and growing together with society.
Process of identifying key issues (materiality)
Step 1 Understanding social issues
- Identifying social issues regarding international standards and frameworks (SDGs, ISO 26000, GRI Standards) and evaluation items of ESG evaluation organizations
- Considering their relevance to our business and industry-specific content
Step 2 Identifying issues and evaluating their significance
- Organizing and focusing the management issues that were examined and extracted in terms of two axes: their importance for stakeholders and their importance for us
- Evaluating them from the viewpoints of "creating social value through business" and "meeting the requirements of society", respectively
Step 3 Identifying materiality
- Receiving approval by the Board of Directors following a dialogue with experts and deliberation by management
- Identifying six key issues (materiality) as priority issues
Key Issues (Materiality)
1. Creating a more affluent society through surface modification technologies
Developing new products and technology that are environmentally friendly
We contribute to preserving the global environment by reducing the environmental impact of our customers' manufacturing processes by developing new products and technologies, such as diverse chemicals, that meet the demands of EVs and lighter vehicles. These chemicals do not contain hazardous chemicals, equipment that reduces environmental impact, and low-temperature treatment technologies.
Developing new fields, making the most of surface modification technologies
As surface modification specialists, we will utilize our technological capabilities to develop business areas in non-metallic, multifunctional, and new markets and contribute to solving a wide range of social issues.
Promoting open innovation
We are committed to creating new value by actively promoting collaboration with various companies and research institutions, academia, and government in Japan and overseas, developing technologies from new perspectives, and creating new value.
2. High value-added products and services for customers around the world
We provide our customers worldwide with solutions that contribute to solving social issues. To this end, we will strengthen our research and development, production, and quality control systems, creating a global organization that swiftly supplies high-added-value products and services that meet society's and customers' demands.
3. Ensuring a safe and secure workplace
We are committed to providing a safe and secure working environment for all employees of our group by continuing our efforts to improve safety through the reduction of hazardous and harmful operations in manufacturing and processing processes, as well as safety training and health promotion.
4. Creating a corporate culture that respects diverse values and turns them into strength
Utilizing diverse human resources
We will realize a workplace in which all employees of our group can play an active role and feel fulfilled in their work. To achieve the goal above, we will promote diverse working styles, recruit and train global human resources, and encourage the recruitment of women, people with disabilities, non-Japanese, and mid-career and senior workers.
Respect for human rights
We foster a corporate culture that respects the rights of all people, regardless of country or region, by respecting human rights, establishing rules that prohibit discrimination and harassment, and building good labor-management relations.
5. Taking responsibility for creating a sustainable society
Building a sustainable supply chain
We will build cooperative relationships with customers and suppliers and engage in initiatives to build a sustainable supply chain by working on resource management and production and realizing a circular society.
Contributing to reducing the environmental load
We will contribute to protecting the global environment by continuing to take initiatives to reduce the environmental load, such as reducing emissions of CO2 and other greenhouse gases, hazardous chemicals, and wastewater and promoting renewable energy utilization.
6. Initiatives to ensure the continuing integrity of the Group
Faithful and sincere corporate management
We will conduct transparent management by encouraging information disclosure, including non-financial information, and communicating with various stakeholders, including shareholders, to achieve sustainable growth and improve corporate value over the medium to long term.
Improving risk management
We will reduce the risk of changes in the business environment, accidents, and disasters by establishing a system to appropriately assess various possible risks in our business and take remedies according to the degree of risk.