To sustain Nitto’s growth
![]() |
Responding to Change Flexibly to Persevere in an Uncertain TimeBuilding on the Nitto Group’s “DNA” to bring about Innovations for the Next 100 Years to ComeThe global COVID-19 pandemic has brought with it economic stagnation and changes in consumer behavior, which is increasing the uncertainty of the future. Throughout its more than a century-long history, the Nitto Group has been able to sustain its growth through numerous tribulations. Faced with this latest hardship, we hope to keep moving forward by flexibly coping with change. Board Member |
The Nitto Group has identified material issues for sustainability in order to simultaneously solve social issues and enhance corporate value. Two criteria were used for selection: whether it is for “co-creating value through innovation,” which is achieved through products and services, and whether it is for “enhancing management quality for co-creating value,” which is made possible by reinforcing the management foundations. In addressing these, we begin by recognizing risks and opportunities associated with each issue and feed them back to business plans.
Initiatives taken spontaneously through businesses designed to “simultaneously solve social issues and enhance corporate value”
step 1 |
Making a list of social issues (Social issues as business opportunities) |
From among major documents on SDGs compiled by governments, academic societies, NPOs, and businesses, we have sorted out issues that are deemed to be socially important and compiled them in a list. We then selected issues that are relevant to us from the perspective of business opportunities after taking into account our business domains and the future course of our business. |
---|---|---|
step 2 |
Materiality assessment |
For each of the social issues selected in Step 1, we assessed their materiality for society at large and the company over a 10-year period.
|
step 3 |
Determining material issues |
Based on the assessment results in Step 2, we identified “social issues whose relevant market offers high growth potential and is easy for the Nitto Group to gain an advantageous position” as material issues for sustainability for the Nitto Group. |
A prerequisite to “simultaneously solve social issues and enhance corporate value,” which is addressed in response to requests from stakeholders
step 1 |
Making a list of requests from stakeholders (Requests from economic, environmental, and social aspects) |
The “GRI Standards” issued by the Global Reporting Initiative (GRI) were used to select and make a list of requests from stakeholders. |
---|---|---|
step 2 |
Materiality assessment |
For each of the requests from stakeholders selected in Step 1, we assessed their materiality for society at large and our company over a 10-year period.
|
step 3 |
Determining material issues |
Based on the assessment results in Step 2, we identified “social issues whose solution is requested by a broad range of stakeholders and that have major impact on the Nitto Group” as material issues for sustainability for the Nitto Group. |
©NITTO DENKO CORPORATION. 2021 All rights reserved.