Climate Policy Engagement Analysis
Climate Policy Engagement Overview: NEC appears to have very limited engagement on climate and energy policy in Japan. It has continuously been unclear on its positions on climate and energy policy. The company retains memberships to and executive positions in several key industry associations.
Top-line Messaging on Climate Policy: NEC appears to have mixed top-line messaging on climate policy. On its website accessed on March 2023, NEC appeared to acknowledge climate change problems and extreme weather phenomena. According to Ministry of Foreign Affairs (MOFA) of Japan website, Nobuhiro Endo, formerNEC chairman of NEC, met Deputy Minister of Foreign Affairs Kiyoshi Odawara, as the APEC Business Advisory Council (ABAC) Japanese members, and submitted "Recommendations to Asia-Pacific Economic Cooperation (APEC) Leaders", which supported government climate policy, although with some unspecific qualifications.
Engagement with Climate-Related Regulations: NEC appears to be engaging limitedly on climate-related regulations in Japan. In a sustainability report 2022 published August 2022, NEC stated support on “Energy Conservation Act and Global Warming Countermeasures Act.” In the press release published December 2022, the company clearly supported renewable energy generation, unclear if it supported legislative measures.
Positioning on Energy Transition: NEC appears to have limited engagement with mixed positions on transitioning the energy mix. When Nobuhiro Endo, former NEC chair met Prime Minister Kishida as the representative of APEC Business Advisory Council on November 2021, the Advisory Council handed the policy recommendation, which advocates for the need for government intervention to support a transition towards renewables. On October 2022, Nobuhiro Endo, NEC special advisor, met with Foreign Minister of Japan, Yoshimasa Hayashi and suggested "realistic energy transition" without mentioning the position on energy mix.
Industry Association Governance: NEC has not disclosed its membership to industry associations on its corporate website, nor published a review of alignment with its industry associations. In its 2022 CDP response, the company disclosed its membership to Japan Business Federation (Keidanren) in Japan and Japan Electronics And Information Technology Industries Association (JEITA), which hold mixed position on engagement with climate legislation, Communications and Information Network Association of Japan (CIAJ), which holds negative position on engagement with climate legislation, and Japan Climate Leaders Partnership (JCLP), which holds positive position on engagement with climate legislation.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q2 2023.