In 2020, the Nichirei Group identified five material matters and set a vision for each of them in order to achieve its long-term management goals for 2030. We are conducting sustainability management that achieves both the resolution of social issues and business growth by addressing these material matters.
Nichirei Group Material Matters | Vision for 2030 | Group Measures | Group KPIs for FY2031 | Applicable SDGs | |
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Creating new value in food and health*1 | Create new markets and customer value by taking on challenges outside existing business areas in both food and health | Discover the potential of materials and cooling power to contribute to the future of the Earth and people’s mental and physical health through food |
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Strengthening food processing and production technology capabilities; enhancing logistics services | Further refine core competencies in food processing, production and logistics to resolve social issues and improve profitability through competitive advantages in global markets | Ability to generate cash improved by concentrating management resources on core businesses | Promote capacity expansion, work process innovation, reduction of environmental impact and development of business foundations through proactive capital expenditures in the processed foods and temperature-controlled logistics businesses |
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Overseas business has become a new pillar of earnings | Accelerate overseas expansion by securing and training global human resources, cultivating partner companies, conducting M&A and other means |
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Realizing sustainable food procurement and a circular economy | Resolving various social issues related to the supply chain, which is the foundation of our business, and contribute to sustainable food procurement and the realization of a circular economy | All raw materials and ingredients are procured from suppliers and partner companies that comply with the Nichirei Group Supplier Code of Conduct and Supplier Guidelines. | Establish a supply chain with consideration for human rights and the environment and conduct due diligence |
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Promoting a circular economy by creating new business models | Work to conduct sustainable resource procurement and help to realize a circular economy |
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Improving resilience of water resources through an understanding of water-related risks | Identify water-related risks through risk assessments at all sites and conserve water |
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Climate change initiatives | As a food and logistics company that is greatly affected by climate change, we will work with stakeholders to counter global warming and reduce energy consumption throughout the supply chain | Efforts underway to reduce CO₂ emissions both inside and outside the Group toward the goal of becoming carbon neutral by 2050 | Reduce CO₂ emissions per unit of production and utilize renewable energy at food factories and logistics centers, and disclose information based on the TCFD recommendations |
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Elimination of CFCs progressing at production and logistics facilities as a global warming countermeasure |
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Securing and developing a diverse array of human resources | Secure and develop a diverse human resources and foster an inclusive corporate culture to achieve sustainable growth | Diverse human resources with various characteristics and skills, maximizing their potential to improve their job satisfaction and support the sustainable growth of the Group |
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