Nissan announces first sustainability plan with key targets for FY2022
Nissan Sustainability 2022 will strengthen environmental, social and governance initiatives as part of midterm strategy
YOKOHAMA, Japan (June 7, 2018) – Nissan Motor Co., Ltd. today launched Nissan Sustainability 2022, a plan to reduce the company’s environmental impact, strengthen diversity and inclusion, and enhance governance, in line with the company’s midterm plan, Nissan M.O.V.E. to 2022.
This is the first time Nissan has announced a comprehensive sustainability plan, which pulls together all aspects of its environmental, social and governance initiatives into a unified approach.
The plan is anchored by the company’s ongoing Nissan Green Program, which was launched in FY2001 with a long-term vision toward 2050. Nissan Sustainability 2022 will ensure the company is on track to deliver on these goals as it approaches the halfway point, while also expanding the company’s sustainability mindset to include diversity and inclusion, as well as stronger governance.
“Nissan Sustainability 2022 is fully aligned with our midterm objectives of delivering steady growth and leading the automotive industry’s technology evolution,” said Hitoshi Kawaguchi, Nissan senior vice president and chief sustainability officer. “We believe sustainable mobility will help achieve a world with zero emissions and zero fatalities. Our plan, further enhanced by our efforts to be a truly diverse and inclusive company, will make an important contribution to that effort.”
The plan is organized around an environment, social and governance (ESG) framework, criteria commonly used by investors who monitor a company’s value creation.
The fourth generation of the Nissan Green Program will be a key element of the sustainability plan, focused on addressing climate change, resource dependency, air quality and water scarcity.
Key targets and initiatives include:
Nissan has long considered driving safety and corporate philanthropy to be the hallmarks of its social initiatives. The new sustainability plan will build on these commitments, while also focusing on diversity and inclusion.
Initiatives in these areas include:
Nissan Sustainability 2022 also includes improving the company’s governance through enhanced compliance systems.
Nissan has implemented a “three lines of defense” system, ensuring that more consistent compliance management and controls are in place.
Further actions include:
For more information regarding Nissan Sustainability 2022, please visit www.nissan-global.com/EN/CSR/.
To learn more about the Nissan Green Program, please visit www.nissan-global.com/EN/ENVIRONMENT/GREENPROGRAM/FRAMEWORK/.
About Nissan Motor Co., Ltd. Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, INFINITI and Datsun brands. In fiscal year 2017, the company sold 5.77 million vehicles globally, generating revenue of 11.9 trillion yen. On April 1, 2017, the company embarked on Nissan M.O.V.E. to 2022, a six-year plan targeting a 30% increase in annualized revenues to 16.5 trillion yen by the end of fiscal 2022, along with cumulative free cash flow of 2.5 trillion yen. As part of Nissan M.O.V.E. to 2022, the company plans to extend its leadership in electric vehicles, symbolized by the world's best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan, manages operations in six regions: Asia & Oceania; Africa, the Middle East & India; China; Europe; Latin America; and North America. Nissan has a global workforce of 247,500 and has been partnered with French manufacturer Renault since 1999. In 2016, Nissan acquired a 34% stake in Mitsubishi Motors. Renault-Nissan-Mitsubishi is today the world’s largest automotive partnership, with combined sales of more than 10.6 million vehicles in calendar year 2017.
For more information about our products, services and commitment to sustainable mobility, visit nissan-global.com. You can also follow us on Facebook, Instagram, Twitter and LinkedIn and see all our latest videos on YouTube.