Stakeholder Engagement
Approach
The NGK Group seeks to strengthen mutual understanding with all stakeholders, including customers, suppliers, shareholders and investors, local communities, government agencies and international organizations, universities and research institutions, and employees. We engage in ongoing dialogue with stakeholders and incorporate their feedback into our business activities and initiatives, helping us drive continuous improvement.
The NGK Group Corporate Code of Business Conduct and Code of Conduct set out our approach to communication with stakeholders. Under “Disclosure of Company Information and Accountability” we define the following principles.
Disclosure of Company Information and Accountability
We will promote a healthy and transparent management by active disclosure of information and discussions with stakeholders.
- We will accurately and promptly disclose information required by society.
- We will pay close attention to the views of our stakeholders and fulfill our obligation to be accountable. We will build mutual trust with our stakeholders through continuous dialogue.
Initiatives
Stakeholder Engagement
The NGK Group discloses information that society needs in an accurate and timely manner, and we fulfill our accountability by listening to and responding to the views of our stakeholders. We build relationships of trust through ongoing dialogue and use the feedback we receive to improve our business activities and initiatives.
| Stakeholders | Approach | Objectives | Methods |
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| Customers | To build and maintain customer trust, the NGK Group provides products and services that contribute to environmental conservation and a safe and secure society. We also work to create new value. |
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| Suppliers | Based on the principles of “Social Cooperation,” “Open-Door Policy,” and “Mutual Prosperity,” we conduct fair procurement with due consideration for environmental conservation, respect for human rights, and working conditions, in addition to compliance with laws and regulations. We also operate a Supplier Helpline, which accepts reports concerning legal or regulatory violations by the NGK Group and helps maintain fair business relationships. |
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| Shareholders and Investors | We disclose management, financial, and business information in a timely and appropriate manner. Through dialogue with stakeholders, we strive to meet their expectations and enhance corporate value. |
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| Employees | We will create the following kind of work environment as the stage upon which our personnel can demonstrate the abilities they possess.
We also support the growth of human resources and fair treatment enabling each employee to maximize their skills. |
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| Local Communities | We proactively engage in social contribution activities in response to community needs with the intent of becoming a corporate citizen trusted by society with concern for social issues in all countries and regions where we do business. |
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| Governments and International Organizations | To help address social issues, we promote collaboration through participation in international initiatives and other activities. |
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| Universities and Research Institutes | Through research and educational activities based on industry-academia collaboration, we have been pushing forward with the development of scientific technologies and other technologies that will contribute to resolving social issues. |
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- ※Any report on potential concerns pertaining any of our business activities will be handled confidentially and will not lead to any negative consequences for anyone who wishes to make such a report
Dialogue with Shareholders and Investors
The NGK Group places a high priority on two-way communication with shareholders and investors. We strive to maximize corporate value by providing accurate and timely information on our business performance and management policies. We respond to questions raised at the General Meeting of Shareholders and inquiries submitted through our website through collaboration between the Finance Department, the General Affairs Department, and relevant divisions under the direction of the responsible directors. Through these efforts, we seek to strengthen constructive dialogue with shareholders.
We also value direct engagement with institutional investors. We regularly hold meetings, including financial results briefings for investors and overseas IR activities, with participation from senior management. We report the content of these dialogues to the Board of Directors on a regular basis and use the feedback to enhance management efficiency and transparency.