We participate in the following initiatives as part of our sustainability promotion efforts.
- The Ten Principles of the UN Global Compact
In November 2021, Nichirei Corporation joined the UN Global Compact, a global initiative to realize sustainable growth in the international community.
We will continue to contribute to resolving social issues through our business operations, create new value, and support the realization of a sustainable society in accordance with the UN Global Compact’s Ten Principles in the areas of human rights, labour, the environment, and anti-corruption.
- Principle 1: Businesses should support and respect the protection of internationally proclaimed human rights; and
- Principle 2: make sure that they are not complicit in human rights abuses.
- Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining;
- Principle 4: the elimination of all forms of forced and compulsory labour;
- Principle 5: the effective abolition of child labour; and
- Principle 6: the elimination of discrimination in respect of employment and occupation.
- Principle 7: Businesses should support a precautionary approach to environmental challenges;
- Principle 8: undertake initiatives to promote greater environmental responsibility; and
- Principle 9: encourage the development and diffusion of environmentally friendly technologies.
- Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery.
The Nichirei Group will take proactive steps to contribute to the achievement of the UN Sustainable Development Goals (SDGs).
- Task Force on Climate-related Financial Disclosures (TCFD)
The Nichirei Group positions climate change initiatives as one of its five material matters for the realization of the long-term management goals toward 2030. Through a detailed process based on the TCFD recommendations, we evaluated the business risks and opportunities posed by climate change and conducted scenario analyses from four perspectives: governance, strategy, risk management, and metrics and targets.
In pursuing sustainable global business operations across a wide range of areas, from upstream to downstream food production, the Group recognizes the importance of measures for realizing a low-carbon society in consideration of the impact of climate change. In that regard, we have formulated long-term goals and measures for reducing CO2 emissions as part of our efforts to realize the low-carbon society that we considered in our climate change scenario analyses. To enhance the efficacy of our initiatives, we have endorsed the TCFD recommendations and participate in the TCFD Consortium.
- NPO Caux Round Table Japan
For the Nichirei Group, which is engaged in the food business, building a sustainable supply chain is vitally important, both in terms of solving social issues and pursuing business growth. Recently, human rights problems in supply chains have been recognized as a serious issue, and companies are increasingly being called on to respond and practice risk management. We are also facing an urgent need to respond to requests from international ESG rating agencies and institutional investors for disclosure of specific actions, including identification of human rights risks in our supply chain and implementation of human rights due diligence.
To build a sustainable supply chain, we have obtained the cooperation of the NPO Caux Round Table Japan (CRT Japan), which has an extensive domestic and international network and a long track record in the area of business and human rights. The comprehensive advice we receive enables us to respond appropriately and create strong internal frameworks in accordance with global rules.