Nippon Electric Glass : TCFD Disclosures page is now available.
February 03, 2023 at 07:42 am
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Governance and Risk Management
Our governance structure related to CSR including the risks and opportunities posed by climate change is as right diagram.
The Board of Directors makes decisions on important management affairs of our Group and supervises the execution of business affairs.
The President is responsible for execution of duties and in charge of auditing.
The Management Committee deliberates on our Company's important managerial affairs and draws up detailed action plans regarding the decisions made at the Board of Directors meetings.
The CSR Committee is established for comprehensively discussing the direction, content, etc. of our CSR activities including climate-related theme and performing activities responsively and adaptively. The CSR Committee, with its focus on the three priority themes of our CSR: Environment, Diversity and Inclusion, and Community Contribution, will also deal with ESG, the SDGs and a broad range of other sustainability-related issues. The Committee consists of the Senior Vice President in charge of general affairs as the Committee Chair and the heads of divisions central to each CSR priority theme as the Committee members. In addition, the Committee has its secretariat at general affairs division.
The Committee is intended to formulate a basic policy related to CSR, establish priority themes, and, for each of the priority themes, deliberate, develop and promote action plans. Subsequently, the Committee deliberates and develops on matters regarding the disclosure of information involving the foregoing and, where appropriate, report the deliberation results and offer proposals to the Management Committee and the Board of Directors.
In terms of climate-related matters, the CSR Committee identifies and reviews risks and opportunities through interviews with staff departments and business departments to evaluate and review business impacts, and regularly checks the progress of the Action Plan for Carbon Neutrality, which is the key to strategic resilience, in cooperation with related departments.
Executive officers as well as staff departments and business departments in charge are working to mitigate climate-related risks and seize climate-related opportunities through the implementation of the Action Plan for Carbon Neutrality and other efforts.
Climate-related risks and opportunities, identified and evaluated by the CSR Committee, as well as countermeasures for them, are reflected in our Group's risk surveys, which are regularly conducted based on The Basic Policy regarding Internal Control*.
* See "Governance: Internal Control " for The Basic Policy regarding Internal Control.
Nippon Electric Glass Co. Ltd. published this content on 03 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2023 07:37:03 UTC.
Nippon Electric Glass Co., Ltd. specializes in developing, manufacturing and marketing specialty glasses. Net sales break down by family of products as follows:
- glasses for electronic components (52.9%): LCD screen glasses, plasma screens, cathode ray tubes, optic products, etc.;
- performance glasses (47.1%): mainly glasses fibers, heat-resistant glasses, glass tubes for lighting, glass tubes for pharmaceutical and medical uses, glass films and glasses for building materials.
At the end of 2021, the group had 16 production sites worldwide.
Net sales break down geographically as follows: Japan (14.6%), China (29.7%), South Korea (16.6%), Europe (14.7%), the United States (13%) and other (11.4%).
NIPPON ELECTRIC GLASS CO., LTD. 
