NOBLE - Teikoku Tsushin Kogyo Co., Ltd.NOBLE - Teikoku Tsushin Kogyo Co., Ltd.

Company profile Sustainability Initiatives

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Sustainability Policy

Basic Concept

In order to best fulfill social responsibilities and achieve sustainable growth of its business, NOBLE Group will update the former Basic CSR Policy with the Sustainability Policy. Also, we will work toward minimizing impact on the global environment and achieving a sustainable society.

Basic Policy

  1. NOBLE Group strives to contributes to a prosperng society based on its corporate philosophy and playing a role in creating a sustainable society.
  2. NOBLE Group will respect all basic human rights and will not discriminate against any person on the basis of gender, age, nationality, race, ethnicity, creed, religion, social status, disability, etc.
  3. NOBLE Group will strive to resolve health and safety issues at the workplace and continue to conduct employee training.
  4. NOBLE Group is aware of the importance of environmental conservation and strives to carry out manufacturing work in an environmentally-friendly manner through the use of “human-orientated technology” - technology that is both environmentally - and human-friendly. We continue to do our best to meet our customers' expectations as a company while contributing to the conservation of our planet.
  5. NOBLE Group will not only comply with the law, but also strive to maintain employee ethics, as well as continually improving the management of sound corporate activities.
  6. NOBLE Group regard the information held in business as an important asset, and will take various measures to manage and protect it from being tampered with, destroyed and leaked.
  7. NOBLE Group will endeavor to independently conduct activities that can contribute to the development of international and local communities.

Various efforts and guidelines based on basic policy

We summarize our approach for the following seven areas.

  1. Striving for a Sustainable Society
  2. Concept on human rights and labor
  3. Concept on safety and health
  4. Concept on environmental conservation
  5. Concept on fair trade and ethics
  6. Concept on information security
  7. Concept on social contribution

Established efforts and guidelines（1.9MB）

Behavioral guidelines

We have established a Group Code of Conduct as a guideline for actions that all NOBLE Group officers and employees are to comply with.

All employees recognize that legal compliance and ethical behavior strengthen the trust of our stakeholders, and will put this into practice both in our social and daily work lives.

Code of Conduct Guidelines for NOBLE Group（384KB）

NOBLE Group environmental philosophy

NOBLE Group is aware of the importance of environmental conservation and strives to carry out manufacturing work in an environmentally-friendly manner through the use of “human-orientated technology” - technology that is both environmentally - and human-friendly. We continue to do our best to meet our customers' expectations as a company while contributing to the conservation of our planet.

Environmental policy

NOBLE Group adhere to the following environmental policy in all activities related to the development, design, manufacturing, and retail of electronic components.

  1. We consider environmental conservation efforts an important issue in business operation and strive to always be improving our practices and prevent pollution in all we do.
  2. We will adhere to all environmental laws and other requirements and will contribute to environmental conservation as much as technologically and financially possible.
  3. We will set environmental objectives and goals based on basic business policies and push ourselves to always be improving our practices.
    • If materials endanger the environment, we will replace these with alternative materials whenever possible.
    • We will strive to reduce the amount of waste produced as companies and will do our best to always separate and recycle waste.
    • We will strive to conserve resources and energy.
  4. We will identify prohibited materials in order to prevent environmental damage due to harmful chemical substances and will carry out source administration for all materials and parts.

Environmental management system

Overview of environmental management practices

We consider our main environmental management practices to be: prioritizing adherence to all environmental laws, regulations, and agreements, then working to improve our product and services environment, implementing environmental management practices in our offices, and contributing to society. We carry out these practices in the context of the regulations of ISO 14001.

Conflict Minerals Policy

In July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 covered the issue of mineral resources mined in the Democratic Republic of Congo and other areas as a source of funds for groups linked to human rights violations and environmental destruction.
Tantalum, Tin, Tungsten and Gold have been defined as being conflict minerals and public companies in the United States are required be informed annually if the conflict minerals used in their products are a source of funding for armed forces in these areas.

While we do not intentionally use conflict minerals, we will properly disclose the information obtained from standard investigations to our customers. Furthermore, we request our suppliers to procure from a smelter that has been certified by an undisputed internationally established and reliable program.

Climatic Change Initiatives (Response to TCFD Recommendations)

We consider the impact of climate change on our business as one of an important management issue. Our corporate philosophy is to contribute to the realization of a prosperous society, and we consider that responding to the impact of climate change is our role as a member of society through our corporate philosophy. For this reason, we will develop initiatives aimed at minimizing the burden on the global environment and realizing a sustainable society.

As an effort to realize Carbon neutral society, we will analyze the risks and opportunities posed by climate change issues to our business in accordance with the disclosure framework demanded by TCFD, reflecting the results in our management strategies. By doing so, we will respond to appropriate business risks and undertake initiatives to encourage the growth of our business through climate change, there by contributing to the realization of a sustainable and affluent society.

1. Governance

Our group is responsible for reviewing and discussing basic policies, important matters, risks and opportunities related to climate change. A Sustainability Committee chaired by the President was established, and the Board of Directors supervises and directs the committee.

2. Strategy

For strategies and organizational resilience based on relevant risks and opportunities by capturing “climate change” as one of the medium-to long-term risks, we will use IEA (International Energy Agency) and IPCC (Intergovernmental Panel on Climate Change). For long-term impacts on us by 2050 referring to climate change scenarios (under 2°C and 4°C scenarios), we are focusing on the domestic electronic components business.

  • Less than 2℃ scenario: Scenario in which measures such as tightening of regulations and changes in the market is taken to minimize temperature rise(IEA-SDS, IPCC-AR5 (Fifth Assessment Report)-RCP2.6, etc.)
  • 4℃ scenario: Scenario with physical impacts such as extreme weather as a result of rising temperature(IPCC-AR5 (Fifth Assessment Report)-RCP8.5, etc.)
Climate Change Risks and Opportunities
Risks
Opportunities

(Size: Impact)

Factors Change Impact Impact on us Our measures
Less than 2℃ scenario (Transition) Strengthening of various regulations including GHG emission regulations Increase in procurement costs due to the introduction of a carbon tax Based on FY 2020 CO2 emissions (Scope3 Category 1), if a 100% carbon tax is added in FY 2030, the cost may lower ordinary profit by approximately 10% compared to FY2020.
  • Review of supplier selection requirements
  • Implementation of requests for cooperation in efforts to reduce emissions
Increase in operating costs due to the introduction of a carbon tax Based on FY2020 CO2 emissions (Scope1 2), the cost of adding a 100% carbon tax in FY 2030 may lower ordinary profit by approximately 3%.
  • Capital investment in headquarters and production facilities, and introduction of renewable energy
Decline in demand in the automotive electronics field due to a decline in the number of automobiles produced solely by internal combustion engines Our mainstay products are not likely to increase or decrease with the number of vehicles related to climate change. This is due to adjustment applications related to car function including EV, and have almost no effect.
  • Expand new sales by strengthening proposal capabilities for automotive products
  • Acquisition of quality management standards
  • Strengthening Technological Capabilities (Strengthening New Product Development Capabilities)
Transition to a decarbonized society Increase in operating costs due to purchase of environmental value such as certificates CO2 emission reduction target for 2030 of environmental value purchasing cost to achieve may be increased by approximately 29 million JPY compared to FY 2020. (This calculation is for Scope2 only.)
  • Achieved a 100% renewable energy ratio at the Head Office and Akaho Plant with the goal of reducing electricity consumption and capital investment
  • Switching to renewable energy at other domestic sites
Increase in procurement costs due to utilization of recycled resources and externally purchased recycled materials Procurement costs are expected to increase due to the use of externally purchased recycled materials (mainly raw materials).
  • Expansion of waste material recycling
Reducing procurement costs through in-house recycled resources and utilization of recycled materials Procurement costs are expected to decrease due to the use of recycled materials (mainly raw materials).
  • Consider expanding the number of parts composed of recycled materials
Annual average temperature increase To promote the use of energy-saving and energy-saving equipment and products compatible with river flooding monitoring systems Orders are expected to expand for products covered by new areas (challenge areas: energy-saving and power-saving equipment, river flood monitoring systems, etc.).
  • Reduce costs by further improving productivity (existing products)
  • Promoting the Establishment of New Technology Domains under the Medium-Term Management Plan (New Products)
Increasing Investors' Attitude to Focus on ESG Increasing importance of addressing and disclosing climate change initiatives Due to ESG responses and lack of disclosures, there is a possibility of a risk of a decline in orders from business partners and a risk of receiving low evaluations from investors.
  • Response to CDP
  • Enhance HP disclosures, including targets and results for reducing supply chain emissions
4℃ scenario (Physics) Increase in the frequency of serious disasters Increase in risk of shutdown due to damage to raw materials and secondary materials suppliers Based on the hazard map, suppliers with large impacts were selected and checked by Aqueduct floods RCP8.5 to confirm the risk of river flooding in one company. Opportunity loss is estimated by approximately 30 million JPY compared to FY2020.
  • Confirm the status of BCP formulation for suppliers with potential damage (Formulated)
  • Establishment of new BCP for suppliers
  • Risk analysis by expanding the scope of suppliers
Increased risk of shutdown On the basis of the hazard map, we selected a business site (headquarters) with a large impact, and checked it with a Aqueduct floods RCP8.5 to confirm that there is no risk of river flooding and coastal flooding.
  • Promotion of BCP measures
  • Risk Analysis by Expansion of Target Facilities
Annual average temperature increase Decline in demand for products in cold regions As the annual mean temperature increases, decline of productions for cold climates are estimated by approximately 75 million JPY compared to FY 2020.
  • Improve profitability by improving sales forecast accuracy and productivity
  • To expand sales to non-participating manufacturers and other new customers

3. Risk Management

The Internal Control Committee and climate-related risks that comprehensively analyze and identify the Group's management risks and take action by promoting company-wide risk management activities through collaboration with the Sustainability committee, which plans and promotes analysis and countermeasures.

In the event of an emergency, we have established a crisis management center to ensure that the entire group responds to such an emergency. In addition, the Sustainability Committee plays a central role in analyzing and understanding the climate change risks of the Group as a whole, resulting in reducing risks. We have formulated a basic policy for acquiring opportunities and have established a system for monitoring the status of implementation of measures to deal with issues.

Risk Management System
Image of Risk Management System

4. Indicators and targets

  • To evaluate and manage the impact of climate-related issues on management, of the greenhouse gases(GHG) that fall under Scope1 and Scope2, total CO2 emissions are used as indicators.
  • Targets and results for Scope1 and Scope2 will be indicated as “Teikoku Tsushin Kogyo Co., Ltd. and consolidated group companies.” (* Scope3 will be disclosed to Teikoku Tsushin Kogyo Co., Ltd. in 2024.)
  • Major reduction initiatives are based on the introduction of renewable energy and capital investment in addition to existing initiatives. By doing so, we will consider and disclose measures to reduce CO2 emissions in order to contribute to a carbon-free society.
  • In the Medium-Term Management Plan announced in May 2022, we aimed to reduce CO2 emissions in Scope2 by 50% in 2030 compared to 2020, and to achieve carbon neutral in 2050. Considering our company's efforts related to TCFD and national policy, we have set our goals below for Scope1 and 2, which includes Scope1.
2020
Emissions of Scope1 2 (Consolidated)=8,907t-CO2
2030
Approximately 50% reduction (vs.2020)
2050
Carbon Neutral
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