Materiality and SDGs
Identification of Materiality
The Nikon Group selected 12 materialities in four areas to engage in sustainability initiatives efficiently and systematically. For each materiality, we implemented a process of goal setting, progress management, evaluation, and improvement, and we are developing sustainability activities for our departments and employees.
The Nikon Group reviews materialities every one to three years in response to changes in society and the business environment.
Materiality Inspection
In January 2021, the Nikon Group selected 12 materialities in four areas. As we announced our new Medium-term Management Plan in April 2022, we conducted a close review to ensure that materiality initiatives are tied to the achievement of our Vision 2030.
We conducted interviews and workshops 16 times across all business units, gathering a wide range of opinions from employees. Outside experts and management held discussions at the Sustainability Committee making efforts to ensure that inspections were conducted from a stakeholder perspective.
Materiality and SDGs
The Nikon Group has identified 12 materialities in the four areas of Business Activity, Environment, Society/Labor, and Governance. We aim to contribute to the achievement of the SDGs by 2030 by setting forth visions and strategies for each materiality and working on goals and annual action plans based on these.
Materiality Goals
The Nikon Group creates a vision and strategy for each materiality, formulating related goals and annual plans. We advance these initiatives steadily through progress management.
Business Activity
1. Creating Social Value Through Core Technologies
- Vision
- A Key Technology Solutions Company in a Global Society Where Humans and Machines Co-Create Seamlessly
- Strategy
- Expansion of growth drivers, services and components
- Indicator: Goal
(achievement year) -
- Growth drivers as a percentage of consolidated operating profit: 40% or more (FY2030)
- Services and components as a percentage of consolidated operating profit: 50% or more (FY2030)
2. Ensuring Trustworthiness by Maintaining and Increasing Quality
- Vision
- Providing competitive products and services with safe, environmentally friendly and information security
- Strategy
- Advancement and establishment of quality management
- Indicator: Goal
(achievement year) -
- Degree of achievement of the plan to review the quality management system in response to changes in the business environment: 100% (every fiscal year)
- Quality management system operation status monitoring/Percentage of improvement plans in place: 100% (every fiscal year)
- Comprehension of basic training on quality*: 80% or more (FY2025)
- *Scope: Division and business units of Nikon Corporation, and Group manufacturing companies
Environment
3. Promoting a Decarbonized Society
- Vision
- Achieving carbon neutrality throughout the supply chain by FY2050
- Strategy
- GHG emission reduction in Scope 1, 2, and 3 and accelerate introduction of renewable energy
- Indicator: Goal
(achievement year) -
- GHG emission reduction rate of Scope 1 and 2: 71.4% compared with FY2013 (FY2030)
- GHG emission reduction rate of 3 categories* in Scope: 31% compared with FY2013 (FY2030)
- Renewable energy adoption rate: 30% (FY2030)
- *Three categories: Purchased goods and services, upstream transportation & distribution, and use of sold products.
4. Promoting Resource Circulation
- Vision
- Minimizing resource consumption and maximizing resource circulation throughout the supply chain
- Strategy
- Reducing resource consumption and waste, etc.
- Indicator: Goal
(achievement year) -
- Rate of reduction in total discharged waste: 10% or more compared with FY2018 (FY2030)
- Rate of freshwater consumption reduction: 5% compared with FY2018 (FY2030)
- Rate of use of recycled materials for products: 5% or more (FY2030)
5. Preventing Pollution and Conserving Ecosystems
- Vision
- Have zero negative impacts on human health and ecosystems in the supply chain
- Strategy
- Appropriate use of chemical substances and reduction of ecological impact and dependence
- Indicator: Goal
(achievement year) -
- Use of hazardous chemical substances in manufacturing processes: Use zero (FY2030)
- Inclusion of hazardous chemical substances in products: Containing zero (FY2030)
- Percentage of FSC-certified or recycled paper (catalogs, instruction manuals, packaging boxes): 100% (FY2030)
Society/Labor
6. Building a Resilient Supply Chain
- Vision
- A sustainable supply chain that remains sound at all times in the face of business risks and social issues
- Strategy
- Building a mechanism for supply chain risk assessments and immediate emergency response
- Indicator: Goal
(achievement year) -
- Critical procurement partner percentage of human rights due diligence*1: 100% (FY2025)
- Understanding BCP systems in the supply chain*2: 100% (FY2025)
- *1If a survey or audit indicates that corrective action is required, such action will be implemented until the improvement is completed.
- *2We manage the scope of the supply chain required to establish a BCP system according to the number of suppliers.
7. Respecting Human Rights
- Vision
- Minimizing human rights risks throughout the value chain
- Strategy
- Spreading awareness of human rights via the Nikon Human Rights Policy and conducting human rights due diligence
- Indicator: Goal
(achievement year) -
- Level of awareness of human rights policy: 100% (FY2030)
- Conformity rate of RBA Code of Conduct: 90% or more (FY2025)
- *Scope: Nikon Group manufacturing facilities.
8. Diversity, Equity & Inclusion
- Vision
- Realizing a corporate culture that welcomes diversity and harnesses it in business activities
- Strategy
- Spreading awareness of the Nikon Global Diversity, Equity & Inclusion Policy, creating an environment in which diverse human resources can participate fully, and applying DEI to business activities
- Indicator: Goal
(achievement year) -
- Level of awareness of DEI policy*1: 100% (FY2030)
- Percentage of female managers*2: 8.0% or more (FY2025)
- *1DEI Policy: Abbreviation for Nikon Global Diversity, Equity & Inclusion Policy.
- *2Scope: Nikon Corporation
9. Employees’ Health and Safety
- Vision
- Allowing each individual to fulfill physical and mental health in a safe and comfortable working environment
- Strategy
- Raising awareness of the Nikon Group Health and Safety Policy and implementing health and safety activities
- Indicator: Goal
(achievement year) -
- Percentage of findings in periodic health checkups*1: Below the previous national average*2 (every fiscal year)
- Occupational accidents that are attributable to work and related to the performance of work: 60 or less (FY2025)
- High stressed person rates in stress checks*1: Below the previous national average*3(every fiscal year)
- *1Scope: Nikon Corporation
- *2National average for the manufacturing industry as published by the Ministry of Health, Labor and Welfare
- *3National average as published by stress check contractors
Governance
10. Thorough Compliance
- Vision
- Zero compliance violations
- Strategy
- Spreading awareness of the Nikon Code of Conduct
- Indicator: Goal
(achievement year) -
- Establishment of compliance awareness*: 95% or more (FY2025)
- Awareness level of whistleblower system*: 95% or more (FY2025)
- *Checked by Nikon Group awareness surveys
11. Strengthening Corporate Governance
- Vision
- Governance that is transparent, efficient, and trusted by stakeholders
- Strategy
- Continuously conducting effectiveness evaluations of the Board of Directors and improving its diversity
- Indicator: Goal
(achievement year) -
- Assessing Board effectiveness and addressing key issues: 100% (every fiscal year)
- Diversity of the Board of Directors: Optimizing the composition of the Board of Directors to meet stakeholder demands (every fiscal year)
12. Strengthening Risk Management
- Vision
- Appropriate measures in place to address key risks
- Strategy
- Establishing a company-wide risk management system in line with environmental changes and management strategies
- Indicator: Goal
(achievement year) -
- Progress in identifying important risks and implementing measures based on risk assessments: 100% (every fiscal year)
- *Indicator/goal scope: Nikon Group (Nikon Corporation and consolidated subsidiaries), unless noted otherwise.
Sustainability Report
For more information, refer to Sustainability Materiality in the Sustainability Report.
- Sustainability Materiality( PDF:356KB)
- Identification of Materiality
- Materiality Inspection
- Materiality and SDGs
- PDCA Cycle Implementation Framework
- Materiality Goals