Sustainability Statement

NOK Group Sustainability Statement

At NOK Group, we aim to extend beyond generating economic benefits for stakeholders; we aspire to evoke a profound sense of pride in them. To that end, we have been dedicated to fostering a sustainable society alongside our business endeavors since our founding.
Our Purpose statement, "Shaping Possibilities with Unique Technology," reflects our ambition to enhance people's lives with innovative products resulting from proprietary technologies based on our R&D, and we strive to offer people safer and more comfortable lifestyles by harnessing these capabilities and embracing diversity and untapped possibilities.
We remain committed to proactively tackling worldwide environmental and social challenges by leveraging the inherent value within our company to realize a sustainable society.

Governance

We have set up a Sustainability Committee as an organization that discusses sustainability for the Group and decides on policies and other matters.
Chaired by the Group CEO and composed of top management including the Group CFO, the Sustainability Committee discusses and decides on sustainability measures and policies. It also addresses key issues crucial to the Group's management and shares its findings with the leadership team. As well as conducting reviews, it submits proposals and reports to the Board of Directors.
The Sustainability Office serves as the secretariat and holds meetings regularly (in principle, once a month).
Since sustainability risks are closely linked to the Group's management risks, the Sustainability Committee coordinates with the Risk Management Committee to tackle them.

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Organizational governance structure diagram showing hierarchical relationships. At the top is the Board of Directors. Below are two parallel committees: the Sustainability Committee and Risk Management Committee, connected by a bilateral 'Cooperation' arrow. Sustainability Committee structure: Chairperson: Group CEO, Members: Group CFO and other executives, Secretariat: Sustainability Office. Risk Management Committee structure: Chairperson: Group CEO, Vice-chairperson: Group CFO, Members: Executives, Secretariat: Business Strategy Div., Management Planning Div., Legal Affairs Div. Both committees have upward arrows labeled 'Proposal/Report' connecting to the Board of Directors, indicating their reporting structure.

Risk Management

We have outlined the basic policy and management framework for risk management across the Group in the Risk Management Regulations. We have established a Risk Management Committee chaired by the Group CEO, with the Group CFO as vice-chair and executive members as committee members. This committee drives the Group's risk management initiatives, reviewing business strategy risks and potential loss risks that could affect the Company's management. It also reviews and decides on risk management and compliance policies.