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.
We summarize our approach for the following seven areas.
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.
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.
NOBLE Group adhere to the following environmental policy in all activities related to the development, design, manufacturing, and retail of electronic components.
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.
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.
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.
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.
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.
|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.||
|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%.||
|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.||
|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.)||
|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).||
|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).||
|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.).||
|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.||
|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.||
|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.||
|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.||
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.