TOKYO, Sept 12, 2024 – (JCN Newswire) – – NEC Company (NEC; TSE: 6701) has printed the ESG Databook 2024, a report on its ESG (Environmental, Social, and Governance) initiatives from April 2023 onwards.
NEC ESG Databook 2024
URL: www.nec.com/en/world/sustainability/report/index.html
As outlined in its Mid-term Administration Plan 2025 (), NEC goals to create social and environmental worth by means of its enterprise, with a deal with development areas, and as a part of its monetary technique, is strengthening its non-financial foundations to assist the sustainable development of the corporate and society.
The primary initiatives outlined within the ESG Databook 2024 are as follows:
1. Utilization of Sustainability Data Disclosure Requirements
The ESG Databook 2024 was composed as regards to the 4 parts of the ISSB and SSBJ drafts of Sustainability Data Disclosure Requirements: “Governance,” “Technique,” “Danger Administration (together with NEC’s distinctive alternative creation),” and “Indicators and Objectives.” Along with inspecting the hole between disclosure requirements and precise initiatives, the Databook may even be used as a instrument for dialogue with buyers and analysis establishments that put it to use.
2. Initiatives to scale back capital prices by selling companies that contribute to carbon neutrality and by addressing environmental dangers
In response to the rising curiosity in decarbonization amongst clients and society, NEC is introducing a wide range of environmental options, together with its Sustainability Transformation (SX) consulting companies, which assist the formulation of methods and roadmaps towards carbon neutrality and nature positivity. Particularly, in response to the intensification of pure disasters brought on by local weather change, the Japan Consortium for Adaptation Finance was established with Mitsui Sumitomo Insurance coverage Firm, Restricted to be able to broaden the marketplace for “Adaptation Finance,” which promotes the procurement of funds by visualizing the consequences of adaptation measures utilizing digital applied sciences. As well as, to make sure a secure provide of meals, NEC is increasing gross sales of AI-based agricultural assist options by means of strategic partnerships that act as a brand new pillar for development enterprise.
In the meantime, for the third consecutive 12 months, NEC has issued sustainability-linked bonds with KPIs primarily based on the energy of its environmental initiatives, together with its choice as a CDP “A-Record (Local weather Change)” firm for 5 consecutive years, in an effort to scale back its capital prices. Moreover, in July 2023, NEC turned the primary firm from Japan’s IT business to problem a TNFD report, disclosing its pure capital initiatives to stakeholders, and in June 2024, printed a second version.
3. Strengthening safety for NEC and society, and strengthening the acquisition and improvement of human assets
As NEC is engaged in companies which have a excessive stage of public significance, it has positioned cybersecurity and data safety as a type of materiality. NEC is selling measures in accordance with the Cybersecurity Administration Pointers Ver. 3.0 of Japan’s Ministry of Economic system, Commerce and Trade and the NIST Cybersecurity Framework Ver. 2.0 of the U.S.-based Nationwide Institute of Requirements and Expertise (NIST), and discloses its initiatives within the “NEC Data Safety Report.” In fiscal 2023, NEC was awarded the best score of “Two Stars” by the Japan Federation of Data Expertise Associations (JFIA) as an organization with notably glorious safety measures and as a mannequin to emulate.
NEC Data Safety Report 2024 (printed in September 2024)
URL: www.nec.com/en/world/sustainability/safety/index.html
Moreover, as a part of NEC’s human useful resource administration, the corporate can also be strengthening the acquisition and improvement of safety and digital transformation (DX) personnel who can meet the expectations and deserve the belief of consumers.
4. Strengthening Company Governance
In June 2023, NEC transitioned from an organization with a board of company auditors to an organization with a nominating committee, and so on. By clearly separating supervision and execution, NEC has strengthened the supervisory operate of the board of administrators, whereas on the similar time accelerating decision-making and enterprise execution by delegating important authority to government officers.
5. Continued inclusion in main ESG indices
Because of these efforts, NEC continues to be included in main ESG indices, such because the Dow Jones Sustainability Indices Asia Pacific Index, the FTSE4Good Index Sequence, and the MSCI ESG Leaders Indexes, which is likely one of the monetary technique targets of the Mid-term Administration Plan 2025.
Guided by the NEC Method, NEC goals to create the social values of security, safety, equity and effectivity and to advertise a extra sustainable world the place everybody has the possibility to succeed in their full potential. Furthermore, NEC contributes to all 17 SDGs by actively partaking with numerous stakeholders and leveraging the ability of ICT to deal with social challenges.
()Mid-term Administration Plan 2025: www.nec.com/en/world/ir/library/plan2025.html
About NEC Company
NEC Company has established itself as a pacesetter within the integration of IT and community applied sciences whereas selling the model assertion of “Orchestrating a brighter world.” NEC permits companies and communities to adapt to fast modifications going down in each society and the market because it offers for the social values of security, safety, equity and effectivity to advertise a extra sustainable world the place everybody has the possibility to succeed in their full potential. For extra data, go to NEC at https://www.nec.com.
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