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 consists of all executive officers responsible for management divisions including the heads of business units, the President of the Research & Development Headquarters, and the Executive Officers in charge of the Risk Management Department and the Accounting & Finance Department, and the heads of major business locations. The Committee meets quarterly to deliberate on and make decisions regarding policies and plans relating to sustainability. Important matters are reported to the Board of Directors for active discussion.

Sustainability Management Implementation Structure
Sustainability Management Structure

Sustainability Committee Agenda for Fiscal 2023

9th Meeting
  • Summary of FY2022 initiatives and report on planned initiatives for FY2023
  • Progress report on introduction of solar power generation system at Fukuyama Enterprise Center
  • Consideration of combustion demonstration test plan for hydrogen as an alternative energy candidate
10th Meeting
  • Progress report on energy conservation activities at the six model factories
  • Report on progress and action plan of activities for achieving net-zero waste glass
  • Report on status of ESG evaluations (CDP, EcoVadis, etc.)
11th Meeting
  • Consideration of renewal of cogeneration systems
  • Progress report on CO2 reduction activities at business sites
  • Report on carbon footprint calculation and preparation for disclosure to market and customers
12th Meeting
  • Progress report on introduction of solar power generation system at Fukuyama Enterprise Center
  • Report on results of supplier questionnaire
  • Report on evaluation of water risk and disclosure on website
Discussions, Decisions and Progress from the 1st through 8th Sustainability Committee Meetings
  • We revised our CO2 emission reduction targets for FY2030, identified issues at our glass fiber production sites, which account for the majority of our CO2 emissions, and developed specific activities to reduce 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.
  • By introducing an internal carbon pricing (ICP) system and factoring in a price of JPY 10,000 per ton of CO2 emitted when making capital investments, we are accelerating measures to reduce CO2 emissions.

Key Initiatives

Key Initiatives