Nichias Corporation Recognized as Environmental Sustainable Company at ESG Finance Award Japan 2023

Nichias Corporation's Achievement at the 7th ESG Finance Award Japan

Nichias Corporation, headquartered in Chuo City, Tokyo, has recently been honored as an 'Environmental Sustainable Company' at the 7th ESG Finance Award Japan, hosted by the Ministry of the Environment. This recognition marks a significant milestone for the company, reflecting its commitment to environmental sustainability and responsible business practices.

The ESG Finance Award Japan aims to highlight and promote institutions, investors, and companies that have proactively engaged in ESG finance and social initiatives, sharing their advanced efforts to a broader audience and encouraging the expansion of ESG financing.

Nichias was recognized based on its thorough disclosure of important environmental issues including 'risks, business opportunities, and strategies,' as well as 'KPIs' and 'governance.' The company presented this information in integrated reports, securities reports, and on its website, meeting the stringent criteria set forth for the award.

As part of its commitment to sustainability, Nichias operates under its 'Nichias Group Environmental Policy.' This policy encompasses a comprehensive approach to tackling climate change, promoting resource recycling, coexisting with nature, and managing chemical substances. The company is also dedicated to communicating these efforts and achievements effectively to its stakeholders. For instance, it has set a target for SBT certification by 2025 and is undergoing third-party verification of its greenhouse gas emissions throughout the group.

Nichias believes that receiving this award reflects the value of these initiatives and reaffirms its commitment to sustainable growth and enhancing corporate value through the utilization of its 'Cutting & Maintaining'® technology. The company aims to continue actively contributing to the development of a sustainable society while ensuring the lasting growth of its business.

In the future, Nichias plans to improve its information disclosure further, ensuring that its various stakeholders fully understand its sustainability initiatives. By engaging with a wide audience, the company hopes to promote awareness and support for its environmental efforts.

The ESG Finance Award recognized the following important aspects of Nichias’s operations: the effective integration of environmental challenges into its business strategies, commitment to measurable improvement in sustainability practices, and a governance structure that supports its environmental goals. Nichias's dedication to addressing climate change and collaborating with various stakeholders underpins its ongoing efforts to fulfill its environmental responsibilities and drive industry-wide advancements in the realm of sustainability.

As Nichias continues its journey toward sustainable business practices, it remains focused on achieving its long-term environmental goals while adapting to an ever-changing landscape of challenges and opportunities in the environmental sector.

For more information about Nichias Corporation's sustainability initiatives, please visit their dedicated sustainability page: Sustainability at Nichias Corporation.