What We Pursue
In addition to certification programs such as ISO14001*1 and ISO45001*2, the Nidec Group operates a comprehensive EICC-based (Electric Industry Code of Conduct-based) CSR management program in the fields of human rights, labor, ethics, health and safety, the environment, and social contribution.
*1. ISO14001: International standard on environmental management requirements
*2. ISO45001: International standard on work safety and health management system requirements
Global Five-polar Management System
To enhance its management system, the Nidec Group has five global poles of business management, i.e., Japan, China, Asia, the Americas, and Europe (including the Middle East and Africa). With regional management companies already established in China, the Americas, and Europe, a plan is underway to establish such a management company in Asia as well. By collaborating with these management companies, we will provide the five global poles of business with corporate administration & internal audit, and compliance, risk, and CSR management functions.
CSR Management System
The Nidec Group has set the promotion of ESG management as one of our mid-term strategic targets. In FY2021, we launched the ESG Materiality Steering Committee, which is mainly comprised of executive officers, and built a system to manage progress and verify the results monthly based on KPIs. In addition, from the perspective of promoting sustainability management that aims to realize a future that coexists and prospers with the environment and society, namely, the foundations of our business, we newly established the Sustainability Committee within the Board of Directors in August 2022, and the Committee launched its activities in September. As stated in Supplementary Principle 4-2* of the Corporate Governance Code revised in June 2021, we are aware that promoting sustainability management is also essential for us.
The Sustainability Committee is made up of five directors (including three outside directors) to fulfill the role of monitoring the ESG Materiality Steering Committee and reflecting the opinions of various stakeholders in management. The Sustainability Committee is comprised of diverse members with experience and expertise in such areas as human resource development, legal affairs/ compliance, finance/accounting, international operations/global business, environment/society, and governance/risk management. Therefore, discussions from a wide range of perspectives can be expected.
* “The Board of Directors should formulate a basic policy for the company’s sustainability initiatives from the perspective of improving corporate value over the medium-to-long term. In addition, in light of the importance of investing in human capital and intellectual property, the Board of Directors should supervise the allocation of management resources, including those mentioned above, and the execution of strategies related to business portfolios in an effective manner so that resource allocation and strategy execution can contribute to the sustainable growth of the company.”
ESG Materiality Steering Committee
The five materiality issues Nidec has identified are associated with a total of 15 action themes, which are classified into three phases according to the timing of the start of action.* As a structure to check that each activity is being conducted steadily and effectively, the ESG Materiality Steering Committee is held periodically. Placed directly under the Management Committee, the ESG Materiality Steering Committee meets every month, affording almost all officers an opportunity to report on the progress and problems of their action themes on a phase-by-phase basis. Reports are given directly by the officers in charge of each action theme. The matters discussed and decided at the Committee meetings are immediately reflected in the action plan.
Please refer to here for the specific content of Nidec's Materiality
The Nidec Group has a CSR Committee under the supervision of Nidec Corporation’s Board of Directors. The CSR Committee is chaired by Akinobu Samura, Nidec Corporation’s Vice President and CFO, who was appointed by the company’s Board of Directors to be in charge of handling human rights, labor, ethics, health and safety, the environment (climate change, etc.), contribution to society, and other CSR-related issues. The members of the committee, who are selected by the Chairperson and individual offices, deliberate and make decisions on important matters, including action policies for the entire area of CSR and the committee’s annual plan. The CSR Committee’s decisions are reported to the Board of Directors or deliberated by it as necessary, and then executed based on cooperation between Nidec Corporation’s IR-CSR Promotion Department, a secretariat dedicated to CSR activities, and offices in and outside Japan.
As the Nidec Group’s business expands globally, an increasing number of business sites are becoming part of our CSR management. Thus, prioritizing important business sites, we are expanding the range of our CSR management on a phase-by-phase basis.
CSR Management System
Nidec’s CSR management system is built on the principles of the company’s CSR Charter and accompanying Nidec Group CSR Declaration which guide our choice and actions in terms of the evolving nature of our corporate social responsibility. In addition to the use of ISO45001 and ISO14001, we engage an international certification firm to conduct a third-party CSR audit to ensure the ongoing visibility and viability of the management system.