Sustainability Management
Fundamental Approach
The Nittobo Group is aware of its responsibilities as a corporate citizen and seeks to resolve environmental, social, and governance (ESG) issues with the aim of "contributing to the realization of prosperous communities," a principle embodied in our corporate philosophy. We will create value and contribute to society through our business activities as we strive to enhance corporate value and pursue sustainable growth.
Sustainability Management Structure
The Sustainability Committee, established in April 2021, is chaired by the Representative and Chief Executive Officer and comprises the Division General Managers of each Business Division, the Division General Manager of the Corporate Management Division, and the Division General Manager of the Technology Development Division. The Sustainability Committee meets regularly, and important matters discussed and decided are reported to the Board of Directors for discussion and resolution.
Sustainability Committee Agenda for Fiscal 2024
- 13th Meeting
- Summary of FY2023 initiatives and report on planned initiatives for FY2024
- Report on CO2 emission reduction scenarios for 2050
- Future ESG management initiatives throughout the Group
- 14th Meeting
- Performance report on solar power generation system at Fukuyama Enterprise Center
- Report on carbon footprint calculation
- Progress report on plans to obtain ISCC PLUS certification
- 15th Meeting
- Consideration of specific measures to reduce CO2 emissions
- Status of development of products using recycled glass
- Progress report on the development of products that contribute to the environment
- 16th Meeting
- Report on ISCC PLUS certification acquisition and operational status
- Analysis of ESG evaluations and consideration of countermeasures
- Report on capital investment to reduce CO2 emissions
- Discussions, Decisions and Progress from the 1st through 12th Sustainability Committee Meetings
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- We revised our CO2 emission reduction targets for FY2030, identified issues at our glass fiber production sites and are promoting activities such as considering new initiatives to reduce CO2 emissions in the production of glass fiber, which account for the majority of our CO2 emissions.
- We have endorsed the TCFD recommendations, and we examine, disclose and annually review the risks and opportunities posed by climate change in all of the Group’s operations.
- We are preparing to calculate our carbon footprint and disclose it to the market and our customers. Internally, we are factoring in an internal carbon price (ICP) of JPY 10,000 per ton of CO2 emitted when making capital investments and are accelerating measures to reduce CO2 emissions.
Key Initiatives
