Sustainability Management
Promotion Structures and Material Issues
Index
Sustainability Promotion Structure
To achieve sustainable growth while addressing environmental and social issues, in April 2020, the Group established the Sustainability Committee—chaired by the CEO—with five working groups under it. The committee's office is formed by the Corporate Planning Division, the Environmental Promotion Division, and the Corporate Communications Division. Each working group includes participants from the relevant departments.
Sustainability Promotion Structure Chart
Five Working Groups
Renamed the Sustainability Development Division as of September 2023
Sustainability Advisory Board
Purpose and Operation
The Sustainability Advisory Board is an advisory body to the Board of Directors established for the
purpose of grasping global trends related to sustainability and strengthening the internal sustainability
promotion system. The advisory board discusses environmental, social, and governance (ESG) issues that the
Group should undertake while receiving recommendations from external experts*1 and
offers advice and recommendations to the Board of Directors*2.
Before meetings of the Sustainability Advisory Board, the Sustainability Committee's Office, which is the
operating body, also discusses ESG-related issues regularly with members who are external experts*3.
- Planned to be conducted twice each year.
- Planned to be conducted at least once each year.
- Planned to be conducted six times each year.
| External experts |
|
|---|---|
| Internal participants |
|
Agenda of First Meeting (May 31, 2021)
- Impact of climate change scenarios: financial implications and adaptation strategies based on future projections
- Measures toward reducing CO2 emissions and achieving SBTs
- Latest trends regarding carbon tax and carbon border tax
Agenda of Second Meeting (December 12, 2021)
- COP26 (2021 United Nations Climate Change Conference) / Sixth Strategic Energy Plan
- Biodiversity Initiatives
- Trends in Well-being/Non-financial Disclosure
Agenda of Third Meeting (June 17, 2022)
- New Capitalism and Public Benefit Corporations*
- About The Taskforce on Nature-related Financial Disclosures (TNFD)
- Trends in Carbon Neutrality
A corporate structure that explicitly states that the company will take the initiative in projects that contribute to the public interest as well as the interests of shareholders.
Agenda of Fourth Meeting (January 30, 2023)
- About COP27 (2022 United Nations Climate Change Conference)
- Hydrogen Strategy in Green Transformation (GX)
- On Becoming Nature Positive
Sustainability Initiatives
The Group nurtures employee awareness of sustainability through the dissemination of messages by the CEO of NISSIN FOODS HOLDINGS, who is also chair of the Sustainability Committee. The Group also informs employees of social and environmental issues, various basic policies and SDGs, and common knowledge, mainly through various training sessions and the Group's in-house newsletter. In addition, changes in employees' awareness of the company's environmental considerations and its degree of contribution to society are being grasped by conducting an annual employee attitude survey.
Main Initiatives
- Featuring both internal and external environmental news on our group's newsletters and intranet
- Introducing an "Eco Certification Preparation Course" as part of our correspondence courses, subsidizing half the fees for employees upon their completion of the course
- Hosting seminars for employees about RSPO-certified* palm oil
- Organizing seminars for employees on plastic waste issues and holding exhibitions of related products
- Conducting forest conservation activities in the green areas surrounding the WAVE—our technology, development, and research center—with participation from our employees and their families
- Introducing initiatives to encourage employees to switch their home electricity to renewable energy sources
RSPO: Roundtable on Sustainable Palm Oil.
Employee Seminars
Results of employee attitude surveys
| FY 3/2019 | FY 3/2020 | FY 3/2021 | FY 3/2022 | FY 3/2023 | |
|---|---|---|---|---|---|
| The company conducts businesses that take the environment into consideration. | 59% | 64% | 73% | 74% | 72% |
| The company is contributing to society via its businesses. | 81% | 80% | 88% | 87% | 86% |
Scope: Employees who are employed by NISSIN FOOD PRODUCTS (including employees seconded to NISSIN FOODS HOLDINGS, NISSIN CHILLED FOODS, NISSIN FROZEN FOODS, etc.), MYOJO FOODS, NISSIN YORK, and NISSIN CISCO.
Material Issues
The NISSIN FOODS Group fulfills a broad range of responsibilities and sustainability issues to address. These responsibilities and issues include building food safety management systems, reducing environmental impact, and establishing corporate governance. In particular, we identify material issues as a priority related to non-financial value that ties directly to Group businesses and may pose risks or opportunities in the medium to long term through international guidelines and dialogues with external experts.
In 2021, we identified material issues through the following steps. Additionally, we conduct a review of these issues at least once a year in the Sustainability Advisory Board, an advisory committee of the board of directors.
Step 1: Extracting stakeholders' expectations of the Group
Areas of emphasis in the Dow Jones Sustainability Index (DJSI)* were extracted as stakeholders' expectations of the NISSIN FOODS Group. Stakeholders' degree of expectation was determined from the distribution of points among the items established within the DJSI.
This is an ESG investment stock index that evaluates the sustainability of companies from the three aspects of the economy, the environment, and society.
Step 2: Measuring the degree of impact on the Group's businesses
The items identified in Steps 1 and 2 were discussed at the Management Advisory Committee, which includes the CEO, COO, and outside directors, as well as at the Sustainability Advisory Board with external experts.
Step 3: Identifying important themes the Group should focus on
The degree of social and stakeholder expectations of the NISSIN FOODS Group and the degree of impact on the Group's businesses were combined to extract important themes the Group should undertake intensively. These were prioritized to identify four material issues from the aspects of operational risk and business opportunity. We also ensure that material issues align with our founding spirit.
