Innovation

In today’s society, we are increasingly confronted with challenges that cannot be solved through conventional methods. To tackle these issues, we are committed to driving innovation by advancing our proprietary paint and coatings technologies and actively building strategic partnerships.

Creation of Sustainable Products

Creation of sustainable products will drive long-term business success

Sustainability of our products

We believe that sustainability is a crucial element for our group’s products to benefit society and drive the long-term success of our businesses. We define sustainable products and technologies by aligning with the United Nations Sustainable Development Goals (SDGs) and adopting a portfolio sustainability assessment (PSA) process to enable identification of sustainable products. This encompasses a systematic approach that includes main lifecycle stages of a product: Product feedstock, Production, Applications and End of life. At each of these stages, we evaluate how our paint and coatings products outperform market products by mapping specific SDG targets to their attributes. In the production phase, the key evaluation points of products are production efficiency, raw materials, logistics, packaging. In the use phase, the key evaluation points are reduction of energy and material consumptions and emissions of chemical substances, along with the support to customers and consumers by reducing the toxicity of chemical substances. In the service phase, the key evaluation points are useful lives of products, application to green technology, contribution to health and well-being, and end-of-life treatment.

To support these sustainability activities, we developed the "Sustainability Scoreboard (scoring system)." This is now incorporated into the "NPSI" system used by most partner companies in the Japan Group and NIPSEA Group. In 2024, 63% of new product sales from both the NIPSEA Group and Japan Group were newly developed sustainable products.

We also developed the Green Design Review, and have introduced it into the management system for Research and Development projects at both the Japan Group and NIPSEA Group. In 2024, within the project portfolio of the Japan Group and NIPSEA Group, 52% of R&D expenses were used to create products with sustainability advantage in accordance with the principles of the Green Design Review.

Sustainable product data*

New Product Sales Index (NPSI)
2022
20%
2023
25%
2024
25%
Sustainable product ratio of the new product sales
2022
57%
2023
66%
2024
67%
Sustainable product development project ratio in R&D expenses
2022
47%
2023
63%
2024
52%

*NIPSEA Group and Japan Group data

Results of sustainability products

Innovation initiatives

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