2022
INTRODUCING ENVIRONMENTAL SOCIAL GOVERNANCE
2022 has been a difficult year for Tsubaki Nakashima for both exogenous and endogenous reasons. In particular, the economic and political instability linked to the war in Ukraine exponentially increased energy costs, impacting business and market in general.
From the point of view of sustainability and of the sustainable development strategies decided by the company in 2021, the results have been seen: TSUBAKI
NAKASHIMA HAS STRENGTHENED, AWARENESS OF THESE ISSUES HAS INCREASED,AND MANY ACTIVITIES HAVE BEEN UNDERTAKEN. In our Mid-TermStrategy, we outline a policy of enhancing our contribution to and engagement with the SDGs (Sustainable Development Goals) through business activities. This policy is an expression of our commitment.WEWILLCONTRIBUTE
TO RESOLVING MAJOR SOCIAL ISSUESbypromotingadecarbonized and recycling-basedsociety, and by establishing a resilient value chain, including promoting sustainable raw materials procurement.
Achieving a decarbonized society is a long-term endeavor, but we also believe PROMOTING GHG (Greenhouse gas) REDUCTIONS
WILL PRESENT NEW BUSINESS OPPORTUNITIES.
We will aggressively promote businesses that contribute to global GHG (Greenhouse gas) reductions. With this ESG Report based on the GRI Standard, Tsubaki Nakashima wantstobothillustratethedecisions taken in 2021 and developed in 2022, that started to impact the company - last year and in the years to come-, the organizational structures and resources deployed, the main results achieved in the year 2022 and the targets both in the long term (Medium Term Plan 2021 - 2023) and referring to the year 2023.
INTRODUCING ESG &
REPORT
This Report embodies OUR AIM
TO CONTINUE GROWING AS AN ENVIRONMENTALLY RESPONSIBLE AND ETHICALLY SOURCED BUSINESS, therefore reaffirming our commitment to transparency, sustainability, and good governance, particularly in matters of sustainable and profitable growth, attention to our Stakeholders, and the Vision Zero's Approach (Zero accidents, Zero occupational illnesses, Zero wastes, Zero inequalities, Zero lack of knowledge).
METHODOLOGICAL NOTE
INTRODUCING ESG REPORT
5
NOTE
The Disclosure of Non-Financial Statement (hereinafter "Statement" or "ESG Report") complies with the GRI Standard (see below) and with the local laws and regulations concerning the disclosure of non-financial information.
For Tsubaki Nakashima that Statement coincides with the ESG Report and represents the result of the commitment to notify its
The Sustainability Report is drawn up according to a system of indicators (KPI - Key Performance Indicators) which measure the
METHODOLOGICAL
GRI 2
GRI 202
GRI 205
GRI 301
GRI 304
GRI 308
GRI 403
GRI 406
GRI 409
GRI 413
GRI 416
General Disclosures 2021
Market Presence 2016
Anti-corruption 2016
Materials 2016
Biodiversity 2016
Supplier
Enivornmental
Assessment 2016
Occupational
Health and
Safety 2018
Non-discrimination 2016
Forced or
Compulsory
Labor 2016
Local Communities 2016
Customer
Health and
Safety 2016
GRI 3
GRI 203
GRI 206
GRI 302
GRI 305
GRI 401
GRI 404
GRI 407
GRI 410
GRI 414
GRI 417
Material Topics 2021
Indirect Economic Impacts 2016
Anti-competitive Behavior 2016
Energy 2016
Emissions 2016
Employment 2016
Training
and Education 2016
Freedom of
Association and
Collective
Bargaining 2016
Security Practices 2016
Supplier Social Assessment 2016
Marketing and Labeling 2016
GRI 201
GRI 204
GRI 207
GRI 303
GRI 306
GRI 402
GRI 405
GRI 408
GRI 411
GRI 415
GRI 418
Economic Performance 2016
Procurement Practices 2016
Tax 2019
Water
and Effluents 2018
Waste
2020
Labor/Management Relations
2016
Diversity and Equal Opportunity 2016
Child Labor 2016
Rights of
Indigenous
People 2016
Public Policy 2016
Customer
Privacy 2016
stakeholders of the performances and results achieved in general and in the sustainability area.
The Statement contains data and information referring to Tsubaki Nakashima Co. Ltd. and its subsidiaries as of December 31, 2022 (hereinafter "Tsubaki Nakashima" or "TN").
THE REPORT IS BASED ON A MULTI-STAKEHOLDER APPROACH involving the joint analysis of actions taken in respect of the main stakeholders with whom the Company interacts. For the details on the material topics, see the specific paragraphs.
The 2022 ESG Report, prepared annually over the calendar year, respects the same deadlines as the Annual Financial Report.
The Report has been prepared in accordance with the Sustainability Reporting Standards of the Global Reporting Initiative (GRI)
(in accordance-comprehensive option).
company's performance and the degree of achievement of objectives previously established for areas in which the Company has major impact.
The KPIs are defined based on:
THE ANALYSIS OF THE GRI, an international organization which develops universally applicable guidelines for drawing up sustainability reports.
THE DEMANDS RECEIVED FROM STAKEHOLDERS.
THE COMPANY HAS GAINED EXPERIENCE IN SUSTAINABILITY.
INTRODUCING ESG REPORT
7
Tsubaki Nakashima is a
MANUFACTURING COMPANY that operates on three continents (Asia, Europe and America) and is STRONGLY COMMITTED to serving its customers, creating a work environment in which its employees can feel motivated, respectful of available resources
and ENVIRONMENT which does its part every day to contribute to a truly sustainable future; this way of being and acting is fundamental to the success of our 20 PLANTS, in the countries and communities in which we operate.
We are a manufacturer of precision balls, rollers, ball screws
and blowers, very high precision components for the metrology sector but also of medical devices with regional production and procurement, short lead times and accurate, through a network of production and well-organized sale that meets the needs of our customers.
PRECISION FOR A
AND
As social, industrial, technological and lifestyle changes proceed globally, we have decided to make THE FOUNDATIONS OF BUSINESS VALUE REALIZATION more solid and current:
1. SUSTAINABILITY, as the simultaneous achievement of economic prosperity, creation of a healthy, safe, and low environmental impact, where everyone is equal, with equal rights and duties, equal opportunities. In our vision, zero impact, in a holistic sense, is fundamental: VISION ZERO for us is zero accidents, zero damage to people and environment, but also zero inequalities and zero lack of knowledge, which means equal opportunities
for our employees.
2. THE HIGHEST QCDS (Quality, Cost, Delivery, and Service), to be the best-in-class, customer- and market-oriented ball manufacturer by
continuously improving products, processes, and services.
3. ONE TEAM SPIRIT, which is the basis of our corporate culture, of our corporate identity.
CHANGING
SUSTAINABLE
WORLD
- TRANSFORMATION, that is, being more and more a global company with an INTERNATIONAL MENTALITY every day, precisely by continuously transforming our organization to ALWAYS BE ONE STEP AHEAD, capable of seizing opportunities to be better, stronger, more aware. The armed branch of this transformation is the MONOZUKURI understood as a set of processes, which encompasses activities of thought, remodeling, organization, action, continuous improvement aimed at the creation of high-quality products.
- The orientation towards continuous GROWTH, in terms of commercial solidity and profit, to anticipate market needs, satisfy customer expectations, find new customers, new markets and new business opportunities. As Tsubaki Nakashima, we are aware of the RESPONSIBILITY we have towards the people who work for us and the world around us.
CEO MESSAGE
9
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Tsubaki Nakashima Co. Ltd. published this content on 31 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 June 2023 08:12:19 UTC.