SUSTAINABILITY
“We maintain our dedication to utiliSing innovation to develop sustainable solutions. Our stakeholders, customers, employees, and communities motivate us to explore new horizons and contribute positively to the world”
GROUP CHIEF EXECUTIVE OFFICER
WEE SIEW KIM
In 2023, we reviewed our sustainability pillars to ensure alignment with the strategy of our parent company, Nippon Paint Holdings Co., Ltd. (“NPHD”) . At NIPSEA Group, we embrace a collaborative approach to sustainability by harnessing the expertise of our departmental leaders, who serve as strategic advisors for our ESG strategies, aiding in the identification of key ESG issues pertinent to NIPSEA Group.
Through this collaborative effort, we ensure alignment across our five sustainability pillars: Environment & Safety, People & Community, Innovation & Product Stewardship, Governance, and Sustainable Procurement. The last two pillars are new additions this year, compared to our prior sustainability reports.
Sustainability Goals
NIPSEA Group has been tracking medium-term sustainability targets covering 8 “High-Priority” material topics and corresponding 11 targets aligned with the United Nations Sustainable Development Goals (“UN SDGs”). These SMART – Specific, Measurable, Achievable, Relevant, and Time-Bound – targets were approved by the Sustainability Steering Committee in 2021 and have been guiding our sustainability efforts since then. During the next reporting period, we plan to formally review and update our targets, especially for the areas where we made the most impact, overachieving our current medium-term targets.
NIPSEA Group maintains its firm dedication to fostering a workforce that embraces diversity and inclusivity, acknowledging the significant benefits it brings to its business operations, clients, and communities. Progress has been achieved in the past year in advancing diversity and inclusion (“D&I”) efforts and tackling internal challenges and opportunities. Our D&I Committee spearheads the development and implementation of D&I initiatives and programmes, monitors progress and identification of areas for improvement, as well as facilitates support and guidance in achieving D&I goal at business unit level. This year, we strengthened our D&I Committee through enhanced communication and collaboration with country offices to empower meaningful change throughout the organisation. We also worked with the committee to launch D&I locally and build e-resources on the NIPSEA’s Learning Management System. Our committee continues to champion initiatives aimed at promoting diversity and inclusion across all aspects of the company’s operations and beyond.
Upholding customer trust and confidence
Ensuring responsible business practices has been of paramount importance to the customers we serve.
In this aspect, NIPSEA Group remains committed to adopting safe and ethical business practices throughout our operations and supply chain to assure customers of our product quality and ultimately maintain their satisfaction and trust in us.
