ESG statement・ESG management
ESG Statement
At Nippon Paint Group we aim to conduct our business activities to support and enable sustainable development everywhere we operate. We aim to incorporate three elements – economic, social and environmental– in our sustainability activities in a balanced and integrated manner.
Creating paint and coatings and its adjacencies products or services to add color, comfort, and safety to people everywhere has been our mission since the company was founded. Finding solutions to global sustainability challenges is our responsibility to future generations and is a driving force for our continued growth and success. To achieve this, we will:
- Pursue technological innovation across the value chain to contribute to the sustainability of society through innovative products and services, and new business opportunities.
- Engage and work with our stakeholders to meet their expectations and deliver on our shared sustainability commitments, responsibilities, and challenges.
- Establish effective governance frameworks to ensure the transparency, objectivity, and fairness of the management of our company and earn society’s trust everywhere we operate.
- Respect, support, and enable the diverse employees of Nippon Paint Group to enable them to achieve their full potential and create innovative and sustainable value for all.
- Support the 2030 Agenda for Sustainable Development Goals (SDGs) as we believe that the delivery of sustainability improvement plans will lead to the creation of new business opportunities and Maximization of Shareholder Value (MSV*).
*MSV is defined as maximizing shareholder value that remains after fulfilling our obligations to customers, suppliers, employees, society and other stakeholders.
ESG management
Autonomous sustainability structure
Based on Asset Assembler model, we updated the sustainability structure in 2022 by shifting to an autonomous structure with a stronger link with business operations, away from the structure where the headquarters led our sustainability initiatives. Directly under the Directors, Representative Executive Officers & Co-Presidents, five materiality-based global teams have been formed for carrying out sustainability strategies on a Group-wide basis. Global team leaders will directly report progress and proposals to the Co-Presidents, and the Co-Presidents will submit reports to the Board of Directors whenever necessary. In this manner, sustainability activities are overseen by the Board of Directors.
*Partner Company : Name of consolidated subsidiary companies of Nippon Paint Holdings
| Global Team | Environment & Safety | People &Community | Innovation & Product Stewardship | Governance | Sustainable Procurement |
|---|---|---|---|---|---|
| Scope | ・ Minimize the carbon footprint ・ Ensure the safety of employees and stakeholders |
・ Invest in the well of employeesbeing ・ Build and enable better communities for all our stakeholders |
・ Promote sustainable products ・ Drive innovation towards UN SDGs and carbon neutrality |
・ Maintain the most advanced governance system possible as a listed company, including integrity, internal controls, and risk management | ・ Engage our Suppliers to ensure products and services are purchased sustainably through economically, environmentally and socially responsible processes |
| Global Team Leader | DuluxGroup Brad Hordern |
Nipsea Group Gladys Goh |
Nipsea Group/NPCS Hong Jiang |
NPHD/NPCS Yuri Inoue |
Nipsea Group Janet Ling |
Candidate project site and new business due diligence
The Nippon Paint Group seeks to prevent occupational accidents through advance assessment of risks associated with occupational safety and health, environmental protection, and accidents at all stages from planning to operations related to all of equipment, including newly constructed and expanded factories.
When acquiring a company, our due diligence encompasses assessing risk associated with the company’s occupational safety and health, environmental protection, and labor practices, including the safety control system and operating status and the management system for environmental protection. We seek to identify not just recognized risk but also latent risk associated with the operations of newly acquired companies, and take proactive steps to mitigate the risks.
The risk assessments conducted for the acquisitions in 2019 of the paint manufacturers DuluxGroup, of Australia, and Betek Boya ve Kimya Sanayi Anonim Şirketi, of Turkey, confirmed that neither company’s systems presented undue risk.