NOK Corporation Selected for the SOMPO Sustainability Index in 2023

NOK Corporation's First Selection for the SOMPO Sustainability Index

In a significant achievement for NOK Corporation, the company has been officially included in the SOMPO Sustainability Index as of 2023. The award recognizes companies that meet high standards in terms of sustainability, stakeholder communication, and internal communication. This inclusion not only highlights NOK’s dedication to sustainable growth but also its commitment to balancing economic performance with social and environmental responsibility.

The SOMPO Sustainability Index, managed by SOMPO Asset Management Co., evaluates around 300 companies based on ESG (Environmental, Social, and Governance) criteria derived from surveys focused on management practices related to environmental concerns. These evaluations provide crucial insights for institutional investors, making the index a valuable tool for selecting sustainable investment options.

NOK Corporation has made remarkable strides in its ESG efforts. The company's vision is to foster pride among all stakeholders by ensuring that their operations contribute positively to society while securing robust business growth. Recently, NOK has taken several initiatives to promote sustainability, which contributed significantly to its selection for the index.

Several specific areas highlighted during the evaluation were NOK’s new personnel system and enhanced human resources development programs, designed to elevate the human capital within the organization. Additionally, the implementation of supplier due diligence processes underscored their commitment to ethical sourcing and supply chain management. The company has also made substantial investments in transparency through the publication of integrated reports and ESG data books, disseminating information regarding its sustainability endeavors to both internal and external stakeholders.

With these ongoing efforts, NOK Corporation emphasizes the importance of continuous improvement not only in the effectiveness of its initiatives but also in the accessibility and transparency of its communications.

NOK’s guiding principle, “Essential Core Manufacturing,” supports the development of environmentally friendly products that aim to reduce the ecological footprint of manufacturing. This aligns with their goal to create a safer and more comfortable society—traits essential for a sustainable future.

Furthermore, NOK Corporation operates in 15 countries and regions, with a workforce of approximately 38,000 employees who contribute to fundamental research and the development of high-quality products. Their expertise spans various industries, including mobility solutions like automotive parts; electronic equipment such as PCs and smartphones; and industrial robots, as well as healthcare and medical devices. The company’s achievements in these sectors reflect its commitment to innovation and quality.

In conclusion, NOK Corporation’s inclusion in the SOMPO Sustainability Index sets a benchmark not only for the company but for others in the industry as well. As it continues to innovate and prioritize sustainability, NOK stands as a model for what a responsible and forward-thinking corporation can accomplish in today’s evolving market.

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NOK Corporation CEO Office Corporate Affairs Corporate Communication Division
Phone: 03-5405-6372
Email: [email protected]