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Management for Sustainability
This is a chart of NEC’s profile including our ESG’s initiatives.
NEC is promoting management for sustainability in accordance with the following basic principles: “contribute to solving social issues through our business activities,” “strengthen risk management and enforce compliance,” and “promote communication with stakeholders” based on the United Nations Global Compact (UNGC). In 2005, we became a signatory to the UNGC, which calls for corporate activities based on 10 principles pertaining to the four fields of human rights, labour, the environment, and anti-corruption. Revised in 2020, the NEC Way defines our Purpose and Principles as a company while advocating a Code of Conduct and a Code of Values for everyone at NEC—from executives through to employees. Achieving fulfillment of the NEC Way is our basic management policy for sustainability.
Fiscal 2022, the Sustainability Advisory Committee was newly established to promote management for sustainability as a means to improve corporate and social value.
We are also taking part in a variety of initiatives in pursuit of our goal to help achieve the SDGs and create a sustainable society.
NEC considers “materiality” as priority management themes from an ESG perspective that we need to adopt to reinforce non-financial (ESG/future financial) evaluation methodologies to underpin the sustainable growth of the Company and society.In our initiatives for materiality, NEC Corporation has connected the social and environmental initiatives with its business strategies to link the growth of society to our own.
To explore how NEC can incorporate non-financial (ESG) initiatives and management, and how its business activities impact society, we invited outside experts in their respective fields to participate in a dialogue on the following themes.
NEC has positioned Environmental Action with a Particular Focus on Climate Change (Decarbonization) as one of its priority management themes from an ESG perspective—materiality. Therefore, NEC will reduce the environmental ootprint of its products and services while helping customers decarbonize hrough the use of ICT.
The NEC Way’s Principles, which express the behavior that we value as a company, stipulate “Uncompromising Integrity and Respect for Human Rights,” while the NEC Group Code of Conduct governs the individual conduct of everyone from executives to employees by clearly requiring respect for human rights in all situations.
In addition to financial risks, NEC works to gain a proper understanding of non-financial (ESG) risks, that if realized, may cause NEC to negatively impact the environment or society. As well as effective and efficient measures to mitigate these risks, NEC is taking steps to turn these risks into new business opportunities. As part of this initiative, we intend to direct our efforts according to materiality, which is a set of priority management themes from an ESG perspective. These efforts will maximize the value provided while minimizing risk, which in turn will improve future financial performance and contribute to achieving the SDGs.
Values are constantly changing for our customers and society. To supply products and services that deliver real value, NEC needs to incorporate processes for dialogue and co-creation with stakeholders into its corporate activities. This is a chart of the main dialogue and co-creation that we conducted in fiscal 2022.