NOK Corporation Selected for the SOMPO Sustainability Index for the First Time

NOK Corporation's Inclusion in the SOMPO Sustainability Index

In a promising development for NOK Corporation, the company has been recently selected for the SOMPO Sustainability Index for the first time. This inclusion is not just a minor accolade; it reflects NOK's robust practices in areas such as sustainability, stakeholder communication, and internal communication, evaluated by SOMPO Asset Management based on their ESG Management Survey and environmental management assessments.

The SOMPO Sustainability Index comprises around 300 companies that meet certain ESG evaluation criteria established through rigorous assessments. This index is utilized by institutional investors, including pension funds, as a benchmark for investment decisions. The selection of NOK highlights the company's commitment to sustainable practices, aiming for both environmental and social sustainability while promoting the company's enduring growth.

Commitment to Stakeholders

NOK Group is dedicated to creating a company that instills pride in all its stakeholders and focuses on harmonizing sustainable growth with environmental and social sustainability. Recent edicts within the company have emphasized enhancing ESG strategies and stakeholder engagements. It is noteworthy that the high ratings in sustainability, stakeholder communication, and internal communication were crucial in securing this prestigious inclusion.

Several specific initiatives were recognized during the evaluations. NOK has implemented a new human resource management system and strengthened its talent development programs to enhance human capital. The company also conducts supplier due diligence to ensure responsible sourcing and practices transparent information disclosure through its integrated reports and ESG data books.

Future Initiatives

Going forward, NOK Group intends to enhance the effectiveness of its ESG initiatives while expanding information disclosure. The company will continue its commitment to production that supports a rich and sustainable society through its concept of "Essential Core Manufacturing." This philosophy is aimed at minimizing environmental impact while ensuring that the products developed contribute significantly to both safety and comfort.

NOK's diverse range of innovations spans multiple industries, from mobility solutions that enhance automotive experiences to smart devices like PCs and smartphones, biomedical and healthcare equipment, industrial robotics, and even satellites. With approximately 38,000 employees across 15 countries and regions, NOK leverages its extensive foundational research to ensure high-quality and stable production across its offerings.

By subscribing to its core principles and continuously striving for sustainable manufacturing practices, NOK Corporation aims to be at the forefront of fostering a sustainable society, reinforcing its role as a provider of vital technology across industries.

Conclusion

The inclusion in the SOMPO Sustainability Index is a significant milestone for NOK Corporation, and it sets a precedent for the company to pursue even greater achievements in the field of sustainability. Striving for ongoing improvement, NOK commits to reinforcing its practices that advocate for environmental and social well-being, ultimately contributing to a sustainable future.

For more information on NOK Corporation and its sustainability strategies, please refer to their integrated report and ESG data book:

For insights into the ESG evaluation methods utilized by SOMPO Risk Management, you can visit their survey overview here.