January 15, 2024 -- NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri; hereinafter, "NXHD"), has reviewed and re-identified material issues to be addressed in enhancing corporate value and resolving social issues with the aim of achieving the NX GROUP's long-term vision of becoming a logistics company with a strong presence in the global market.
NXHD has newly identified developing and enhancing sustainable solutions as a material issue relevant to its business and will promote the creation of economic value as part of its Sustainability Vision. The Company has also made clear its commitment to engaging in responsible corporate activities to ensure respect for human rights, a material issue that has long been a focus for NXHD.
Taking on digital transformation (DX) has been positioned as an engine for pursuing material issues, and the wording of material issues have been changed to facilitate understanding and help promote sustainability management by the NX GROUP as a whole.
Questions around this news
What material issues did NIPPON EXPRESS HOLDINGS re-identify?
The company newly identified developing and enhancing sustainable solutions as a material issue tied to its business. It also reaffirmed responsible corporate activities that respect human rights as a material issue. The release says it revised the wording of its material issues to make them easier to understand and support sustainability management across the NX GROUP.
What role does digital transformation play in the NX GROUP’s material issues?
The release positions digital transformation, or DX, as an engine for pursuing the material issues. It does not describe particular DX projects or technologies. NXHD says the revised wording is intended to help the NX GROUP as a whole advance sustainability management while addressing its identified priorities.
How does the NX GROUP plan to connect material issues with its business plans?
The release says the NX GROUP aims to pursue individual initiatives effectively while linking material issues to its medium- and long-term business plans. It presents this approach as part of the Group’s effort to support sustainable societies, achieve sustainable growth, and enhance corporate value.
The newly identified material issues are as follows:
The NX GROUP aims to help bring about sustainable societies and to achieve sustainable growth and enhance corporate value by effectively undertaking individual initiatives while interlinking material issues with the Group's medium- to long-term business plans.
*Please refer to the NX GROUP Integrated Report 2023 for information on material issues heretofore.
URL: https://pdf.irpocket.com/C9147/KSWQ/tFbw/JCWX.pdf
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Terms explained
- Material issue
- A significant topic that an organization prioritizes because it can affect its business, stakeholders, or broader social and environmental outcomes.
- Sustainability management
- Managing an organization’s strategy and operations with attention to long-term economic performance and its social and environmental impacts.
- Digital transformation (DX)
- The use of digital technologies to change or improve how an organization operates, delivers services, or creates value.
- Corporate value
- The overall worth of a company, considered in light of its assets, performance, prospects, and ability to create value over time.
- Human rights
- Fundamental rights and freedoms that belong to every person, including protections related to dignity, equality, and fair treatment.
