Corporate social responsibility (CSR) at the Noritz Group is based on three core commitments: pursuit of economic value through business strategies, improvement of the social value of helping to solve social issues through our business activities, and pursuit of the Noritz way. In this way, we will strive to ensure that all our stakeholders, including the global environment, experience the simple comforts of life.
In December 2012, we signed the Global Compact of 10 principles advocated by the United Nations. In accordance with these 10 principles in four fields, we are acting based on our corporate philosophy and global framework to realize sustainable growth as a company together with society as a whole.
In accordance with the 10 principles of the Global Compact in four fields, we are acting based on our corporate philosophy and global framework to realize sustainable growth as a company together with society as a whole.
In 2009, Noritz became the first company in the Japanese gas and kerosene appliance industry to receive the "Eco-First Company" certification from the government. We have made a commitment to society: that we will advance initiatives to protect the environment, such as reducing CO2 emissions during product usage in the home by 200,000 tons/year. Our gas and kerosene water heaters are used in about 20 million households in Japan, and through their product life cycle, they emit about 20.15 million tons of CO2, or roughly 1.4% of the total annual CO2 emissions of Japan. Improvement of the energy efficiency of our products is directly linked with reduction of the CO2 emissions of Japan.
We will put our commitment into practice by working to develop and disseminate products with various types of enhanced environmental and energy-saving performance—such as the Eco-Jozu high-efficiency gas water heater, and fuel cells. Moving forward, we will work to address social issues through our business operations and pursue sustainable growth.