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Nippon Shokubai Sustainability

Sustainability Policy

We conduct business activities with the determination to contribute to society, under the Group Mission "TechnoAmenity - Providing prosperity and comfort to people and society, with our unique technology." We believe that promoting sustainability activities is equivalent to practicing the Group Mission. Based on this belief, we take a comprehensive view of our corporate behavior that encompasses the economy, society and the environment. We therefore prioritize corporate governance, compliance, Responsible Care, risk management, human rights and labor, social contribution, and information disclosure. In implementing actions to increase our corporate value, we emphasize dialogue with our customers, business partners, employees, the communities we serve, public administrators, shareholders and investors and all other stakeholders. We also endeavor to solve social issues through business activities, thereby contributing to the realization of a sustainable society.

Management System for promoting sustainability

TechnoAmenity Promotion Committee chaired by the president has been organized to implement sustainability initiatives.

Roles of TechnoAmenity Promotion Committee

  • Determine group’s policies and strategies relating to promote sustainability initiatives.
  • Instruct each department to create plans and measures and evaluate their performance and progress.
  • Consider other significant matters relating to promote sustainability initiatives.
  • Disseminate information about the initiatives to the stakeholders.

Operation for TechnoAmenity Promotion Committee

  • In principle, the committee meets at least twice a year.
  • When it is necessary to consider and adopt measures for important sustainability issues across departments, the committee will establish a subcommittee to assume responsibility for them.

Materiality

The Nippon Shokubai Group has identified materiality (material issues) to be addressed in order to achieve its vision for 2030 as set forth in its long-term vision "TechnoAmenity for the future," which is to "Provide the materials and solutions required by people and society," "Become a chemical company that keeps evolving by identifying social trends," and "Develop with various stakeholders inside and outside the company."

Materiality Identification Process

Materiality and Initiatives

MaterialityInitiativesKPI and their ideal stateYear of
achievement
Strengthen
corporate
governance		 Enhance the effectiveness of
the Board meeting
  • Improve the effectiveness of the Board meeting by enhancing its decision-making of management policy and strategy, and supervisory functions
 End of FY2024
Ensure the knowledge, experience,
skills, and diversity of
the Board meeting
  • Disclose a skills matrix of the Board meeting
  • Satisfy the skills matrix of the Board meeting
 End of FY2022
End of FY2024
Enhance medium- to
long-term incentives for
corporate officers
  • Introduce stock-based compensation for internal Members of the Board, etc.
 End of FY2022
Human resource
development and
promotion of active
participation		 Develop autonomous
human resources
  • Improve the employee engagement score (transformation and growth of people and workplaces through early establishment of a new personnel system, linkage with multi-layered measures, and organizational improvement)
  • Increase in the number of applicants for solicit publicly proposed autonomous learning programs (e-learning, skill development training, online English conversation classes, etc.) and make these programs better known within the company
 End of FY2024
Promote the active participation of diverse human resources
  • Improve the employee engagement score (promotion of suitable assignments, individual motivation, and diverse and autonomous work styles through various systems such as self-assessment and the continuity of work location)
  • Increase the ratio of female employees hired in the clerical and chemical fields to at least 30%
  • Increase the ratio of female managers to 6% or more
 End of FY2024
Promote safe
and stable
production
activities		 Strengthen the safety foundations
  • Third-party evaluation: maintain above industry standards for the petroleum and petrochemical industries
 -
Foster a culture of safety
Promote climate
change response		 Contribute to carbon neutrality
  • Scope 1, Scope 2: reduce CO2 emissions by 30% from the 2014 level (Nippon Shokubai and Group Companies in Japan)
 End of FY2030
Contribute to the circular economy
  • Develop and socially implement technologies for resource use reduction and recycling
 -
Promote the development and sales of Environmentally Contribution Products (1) 55 billion yen
(2) 135 billion yen		 (1) End of FY2024
(2) End of FY2030
Contribute to
solving
customer
issues		 Strengthen the company's
ability to understand issues
and propose solutions		 (1) Develop a platform to strengthen solution proposals
(2) Expand the Solutions business to achieve the dual focus of the Materials and Solutions businesses
(Sales ratio of 50% each, revenue of the 500 billion yen level)		 (1) End of FY2024
(2) End of FY2030
Strengthen the supply chain
management

* CO2 emissions : Our Group's emissions reduction targets are for greenhouse gases, but since they are mostly carbon dioxide (CO2), they are referred to as CO2.