What We Pursue
CSR Management
In addition to certification programs such as ISO14001*1 and ISO45001*2, the Nidec Group operates a comprehensive RBA-equivalent (Responsible Business Alliance-equivalent) 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
Sustainability Committee
The Nidec Group has set the promotion of ESG management as one of our mid-term strategic targets. In FY2021, we launched the Sustainability Promotion Meeting, which is mainly comprised of executive officers, and built a system to manage progress and verify the results 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 Sustainability Promotion Meeting 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.
This committee meets quarterly. For each meeting, the main agenda is set for each category of ESG materiality issues. Similar to the Sustainability Promotion Meeting, officers in charge report on the progress of activities related to materiality and important topics for maintaining sustainability of management in line with the main agenda. The committee chairperson reports to the Board of Directors on the committee meetings held and the status of execution of duties.
* “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.”
Sustainability Promotion Meeting
The five materiality issues Nidec has identified are associated with a total of 15 action themes. As a structure to check that each activity is being conducted steadily and effectively, a Sustainability Promotion Meeting is held periodically. In this meeting, held every other month in principle, its participants check the status of the execution of materiality-related business operations, and deliberate and resolve policies and important matters related to Nidec’s sustainability activities.
Please refer to here for the specific content of Nidec's Materiality
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.
