Materiality
Creation of Value
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.
With our Long-term Vision for 2030 in mind, our Group has identified six materiality items (priority issues) to address: "reduction of environmental impacts", "continuous provision of new value", "stable supply of high-quality and safe products", "pursuit of well-being in society", "improvement of employee engagement", and "continuous reinforcement of governance." We are advancing sustainability management to realize a sustainable society and continuously enhance our corporate value.
Materiality Identification Process
- Issue Extraction
Identify environmental, social, and governance issues with reference to GRI standards, SASB, SDGs, and other international guidelines - Evaluate importance of issues
Hold discussions in task forces consisting of representatives from each department within Noritake and conduct employee and customer surveys - Map priority issues
Mapping and evaluation based on two axes: "Importance to Noritake" and "Importance to stakeholders" - Validity Confirmation
Set specific details and targets of initiatives for issues judged to be of high importance - Resolution
Resolve identified materiality at the Board of Directors
List of materiality (key issues)
| Materiality | Details of Key Initiatives | FY2027 Targets | |
|---|---|---|---|
| Contribute to the global environment | Reduction of environmental impact
[Applicable SDGs] |
Reducing CO2 emissions | CO2 emissions of 53,000 tons or less; a reduction of 45% or more compared to FY2018 |
| Reducing waste | Waste disposals per unit of sales: 6% reduction compared to FY2024 | ||
| Providing environmentally-friendly products | 70% or more share of environmentally-friendly products in net sales of new products | ||
| Contribute to a convenient society | Continuous provision of new value
[Applicable SDGs] |
Providing new products | New merchandise sales growth rate of 45% or more (compared to FY 2024) |
| Creating new value | Utilization of open innovation | ||
| Strengthening core-technology development | Increasing the number of patents held by 15% (compared to FY2024) | ||
| Promoting innovation of business processes | Visualization, streamlining, and advancement of business processes using digital technology, promotion of MI utilization, and development of a training program for DX human resource | ||
| Stable supply of high-quality and safe products
[Applicable SDGs] |
Promoting activities for improving quality | Zero product-accidents | |
| Reducing number of complaints by 30% (compared to FY2024) | |||
| Strengthening the quality assurance system | |||
| Promoting sustainable procurement | Identification of risks related to the procurement of materials and components, and implementation of countermeasures | ||
| Sharing, penetration, and promotion of the Purchasing Guidelines:Communication with key business partners at least once a year | |||
| Contribute to the people’s well-being | Pursuit of well-being society
[Applicable SDGs] |
Providing well-being products | Sales share of 10% or more |
| Respecting human rights | Practice of human rights due diligence | ||
| Contribution to the local community | Organizing events that enrich the dining space Providing opportunities for social studies |
||
| Improvement of employee engagement
[Applicable SDGs] |
Improving the physical and mental health of employees | Paid vacation acquisition rate of 75% or more | |
| Comprehensive stress risk: 100 or less | |||
| Creating the workplace where employees can work vigorously | Monitoring and improvement of engagement scores | ||
| Measurement and continuous improvement of career development awareness and satisfaction | |||
| Fostering a culture that respects diversity | Male childcare leave acquisition rate of 75% or more | ||
| Increasing the ratio of female managers by 20% (compared to FY 2024) Increasing the ratio of female key managers by 20% (compared to FY 2024) |
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| Strengthen the foundation | Continuous reinforcement of governance
[Applicable SDGs] |
Strengthening the governance system | Improving the effectiveness of the Board of Directors |
| Strengthening the system for promoting sustainability managementi | |||
| Strengthening of the risk management system | |||
| Improving information security | Strengthening physical, technical, and human measures | ||
| Thorough observance of compliance | Establishment of a compliance education system |
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 | Details of Key Initiatives | FY2027 Targets |
|---|---|---|
| Reduction of environmental impact
[Applicable SDGs] |
Reducing CO2 emissions | CO2 emissions of 53,000 tons or less; a reduction of 45% or more compared to FY2018 |
| Reducing waste | Waste disposals per unit of sales: 6% reduction compared to FY2024 | |
| Providing environmentally-friendly products | 70% or more share of environmentally-friendly products in net sales of new products |
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 | Details of Key Initiatives | FY2027 Targets |
|---|---|---|
| Continuous provision of new value
[Applicable SDGs] |
Providing new products | New merchandise sales growth rate of 45% or more (compared to FY 2024) |
| Creating new value | Utilization of open innovation | |
| Strengthening core-technology development | Increasing the number of patents held by 15% (compared to FY2024) | |
| Promoting innovation of business processes | Visualization, streamlining, and advancement of business processes using digital technology, promotion of MI utilization, and development of a training program for DX human resource |
Related Links
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 | Details of Key Initiatives | FY2027 Targets |
|---|---|---|
| Stable supply of high-quality and safe products
[Applicable SDGs] |
Promoting activities for improving quality | Zero product-accidents |
| Reducing number of complaints by 30% (compared to FY2024) | ||
| Strengthening the quality assurance system | ||
| Promoting sustainable procurement | Identification of risks related to the procurement of materials and components, and implementation of countermeasures | |
| Sharing, penetration, and promotion of the Purchasing Guidelines:Communication with key business partners at least once a year |
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 | Details of Key Initiatives | FY2027 Targets |
|---|---|---|
| Pursuit of well-being society
[Applicable SDGs] |
Providing well-being products | Sales share of 10% or more |
| Respecting human rights | Practice of human rights due diligence | |
| Contribution to the local community | Organizing events that enrich the dining space Providing opportunities for social studies |
Related Links
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 | Details of Key Initiatives | FY2027 Targets |
|---|---|---|
| Improvement of employee engagement
[Applicable SDGs] |
Improving the physical and mental health of employees | Paid vacation acquisition rate of 75% or more |
| Comprehensive stress risk: 100 or less | ||
| Creating the workplace where employees can work vigorously | Monitoring and improvement of engagement scores | |
| Measurement and continuous improvement of career development awareness and satisfaction | ||
| Fostering a culture that respects diversity | Male childcare leave acquisition rate of 75% or more | |
| Increasing the ratio of female managers by 20% (compared to FY 2024) Increasing the ratio of female key managers by 20% (compared to FY 2024) |
Related Links
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 | Details of Key Initiatives | FY2027 Targets |
|---|---|---|
| Continuous reinforcement of governance
[Applicable SDGs] |
Strengthening the governance system | Improving the effectiveness of the Board of Directors |
| Strengthening the system for promoting sustainability managementi | ||
| Strengthening of the risk management system | ||
| Improving information security | Strengthening physical, technical, and human measures | |
| Thorough observance of compliance | Establishment of a compliance education system |
Related Links
