Materiality Identification Process / Materiality
Sustainability Management
Changes are occurring in so many areas at such a fast pace these days—climate change, technological advances, people's lifestyles, and sense of values. With this in mind, the Noritake Group is working to identify social issues and needs, and continually provide new value in order to help and contribute to the development of a sustainable society.
In FY2022, we formulated the Sustainability Fundamental Policy and established a Sustainability Management Promotion System. With an eye toward our Long-term Vision for 2030, we also assessed what are important for stakeholders and the company group respectively, and determined six areas of materiality (priority issues) that we should be focusing our efforts on.
Sustainability Fundamental Policy / Sustainability Promotion System
Materiality Identification Process
- Issue Extraction
Extract and organize social issues based on the 17 SDGs, as well as international guidelines such as GRI and SASB. - Importance Assessment
Evaluate the importance of the issues for stakeholders and the company itself. - Validity Confirmation
Confirm the validity of the issues by taking into account the opinions of stakeholders such as employees and customers. - Resolution
Resolve the identified material issues by decision of the board of directors.
List of materiality (key issues)
| Materiality | Applicable SDGs | Main Activities | FY 2024 Targets | |
|---|---|---|---|---|
| Contribute to the global environment | Reducing environmental impacts |
|
Reduction of CO2 emissions | Reduce to 73k tons or below |
| Reduction of waste | Reduce to 10k tons or below | |||
| Providing environmentally-friendly products | Achieve a sales ratio of 10% or more | |||
| Contribute to a convenient society | Continuous provision of new value |
|
Providing new products | Achieve a sales growth rate of 25% or more (compared to FY 2022) |
| Establishing a structure for new business creation | Promote open innovation | |||
| Strengthening core-technology development | Increase the number of patents held by 10% (compared to FY 2022) | |||
| Stable supply of high-quality and safe products |
|
Promoting activities to improve quality | Zero product-accidents Reduce claim cases by 20% (compared to FY 2022) Strengthen the quality assurance system |
|
| Promoting supply-chain management | Strengthen the system for sustainable procurement Achieve a survey response rate of 80% or more for the Purchasing Guideline |
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| Contribute to the people’s well-being | Pursuing a society that values well-being |
|
Providing well-being products | Sales ratio of 8% or more |
| Respecting human rights | Promote human rights due diligence | |||
| Contribution to the local community | Organize events that enrich the dining space Provide opportunities for social studies |
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| Improving employee engagement |
|
Improving the physical and mental health of employees | Achieve a paid vacation acquisition rate of 70% or more Achieve a stress check participation rate of 90% or more |
|
| Creating the workplace where employees can work vigorously | Review the personnel system Conduct an engagement survey and utilize it for issue setting |
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| Fostering a culture that respects diversity | Achieve a male childcare leave acquisition rate of 50% or more Increase the ratio of female managers by 20% (compared to FY 2022) |
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| Strengthen the foundation | Continuous reinforcement of governance |
|
Strengthening the governance system | Improve the effectiveness of the Board of Directors Strengthen the system for promoting sustainability management |
| Improving information security | Strengthen network security | |||
| Thorough observance of compliance | Conduct literacy education on laws and regulations |
Concrete efforts
Reducing environmental impacts
The Earth we live in is facing various environmental problems such as climate change and environmental pollution. The Noritake Group considers environmental consideration as a fundamental aspect of aiming for sustainability management, and has positioned the preservation of the global environment as one of the important management issues. The Noritake Group will work towards reducing CO2 emissions for the transition to a low-carbon society, reducing waste disposal volume through waste reduction efforts, and developing and providing environmentally-friendly products and services to contribute to the reduction of environmental impact.
| Materiality | Applicable SDGs | Main Activities | FY 2024 Targets |
|---|---|---|---|
| Reducing environmental impacts |
|
Reduction of CO2 emissions | Reduce to 73k tons or below |
| Reduction of waste | Reduce to 10k tons or below | ||
| Providing environmentally-friendly products | Achieve a sales ratio of 10% or more |
Continuous provision of new value
Even in an era of rapid change, such as climate change, technological advancement, and changes in people's lifestyles and values, we aim to contribute to the sustainable development of society by understanding social needs, identifying areas for growth, and continuously providing new products and services.
While leveraging Noritake's strengths, we will actively collaborate with other companies, universities and others to provide new value continuously with a sense of urgency.
| Materiality | Applicable SDGs | Main Activities | FY 2024 Targets |
|---|---|---|---|
| Continuous provision of new value |
|
Providing new products | Achieve a sales growth rate of 25% or more (compared to FY 2022) |
| Establishing a structure for new business creation | Promote open innovation | ||
| Strengthening core-technology development | Increase the number of patents held by 10% (compared to FY 2022) |
Stable supply of high-quality and safe products
In order to continue to be a company that is trusted and relied upon by all stakeholders, it is essential to ensure the quality of products and services that can be used safely and securely. The Noritake Group is committed to improving quality and promoting supply chain management to provide customers quickly and reliably with the "good quality" they seek, and to ensure a stable supply of high-quality and safe products.
| Materiality | Applicable SDGs | Main Activities | FY 2024 Targets |
|---|---|---|---|
| Stable supply of high-quality and safe products |
|
Promoting activities to improve quality | Zero product-accidents Reduce claim cases by 20% (compared to FY 2022) Strengthen the quality assurance system |
| Promoting supply-chain management | Strengthen the system for sustainable procurement Achieve a survey response rate of 80% or more for the Purchasing Guideline |
Pursue a society that values well-being
Well-being refers to a broad sense of happiness that encompasses not only physical, but also mental and social fulfillment. The Noritake Group conducts its business activities with the goal of promoting the well-being of all people. Even in the face of the potential for corporations to infringe on human rights through globalization, we respect the rights of all people, and pursue a well-being society by making contribution to the people’s well-being and striving for co-prosperity through our business activities.
| Materiality | Applicable SDGs | Main Activities | FY 2024 Targets |
|---|---|---|---|
| Pursuing a society that values well-being |
|
Providing well-being products | Sales ratio of 8% or more |
| Respecting human rights | Promote human rights due diligence | ||
| Contribution to the local community | Organize events that enrich the dining space Provide opportunities for social studies |
Improve employee engagement
The Noritake Group believes that making the workplace comfortable and providing job satisfaction to employees is a driving force behind business activities. We aim to improve employee engagement, which leads to business expansion, by creating a workplace where each employee, regardless of race, nationality, gender, age or disability, can demonstrate their experience and skills, fearlessly tackle challenging tasks and have opportunities to grow. We also promote the physical and mental health of employees.
| Materiality | Applicable SDGs | Main Activities | FY 2024 Targets |
|---|---|---|---|
| Improving employee engagement |
|
Improving the physical and mental health of employees | Achieve a paid vacation acquisition rate of 70% or more Achieve a stress check participation rate of 90% or more |
| Creating the workplace where employees can work vigorously | Review the personnel system Conduct an engagement survey and utilize it for issue setting |
||
| Fostering a culture that respects diversity | Achieve a male childcare leave acquisition rate of 50% or more Increase the ratio of female managers by 20% (compared to FY 2022) |
Continuously strengthen governance
Corporate governance and risk management are fundamental elements that underpin the survival of a company and are essential for enhancing corporate value.
To conduct fair and transparent management, it is necessary to continuously improve the governance system and anticipate and take measures against various risks.
The Noritake Group aims to maintain and strengthen its system for making quick and flexible responses to changes in the business environment and making decisions, as well as to supervise management and execution, in order to achieve sustained strengthening of governance.
| Materiality | Applicable SDGs | Main Activities | FY 2024 Targets |
|---|---|---|---|
| Continuous reinforcement of governance |
|
Strengthening the governance system | Improve the effectiveness of the Board of Directors Strengthen the system for promoting sustainability management |
| Improving information security | Strengthen network security | ||
| Thorough observance of compliance | Conduct literacy education on laws and regulations |
