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Communication has been energized by the emergence of a ubiquitous society and the advancement of electronic devices that make our lives more comfortable and convenient. However, a number of serious social problems have been generated by this affluence, problems such as the depletion of natural resources due to mass production and consumption, increasing amounts of industrial and household waste, and global climate change. In full recognition of the virtues and vices produced by electronic devices, I believe that we, as a semiconductor manufacturer, must carefully consider our role in promoting the sound development of a society that is truly wealthy. Having determined the Corporate Social Responsibilities (CSR) of the NEC Electronics Group, we shall conduct business in a way that makes a meaningful contribution to the development of a sustainable society.
Our mission statement declares that “NEC Electronics aims to become the partner of choice by providing differentiated semiconductor solutions based on advanced technologies that give our customers a competitive advantage.” This philosophy commits us not only to providing high-quality, low-cost products andservices, but also to implementing conscientious and sound corporate management that values active communication with employees, trading partners, residents of the communities where we do business, and shareholders. In addition, as a global semiconductor manufacturer we are working to contribute to the desirable progress of society and to true wealth by developing advanced technologies, such as technologies enabling low power consumption, that we build into the semiconductor solutions we provide to customers in a wide variety of industries.
We recognize that the role of the NEC Electronics Group is to contribute to the growth and prosperity of society by providing semiconductor solutions underpinned by our technological expertise. To accomplish this goal, it is essential to build a solid relationship of trust with all of our stakeholders, a relationship premised on highly transparent corporate management practices.
To this end, we are strengthening our system of corporate governance. In June 2004, we established and implemented the NEC Electronics Group Guiding Principles for corporate social responsibility (CSR) management throughout the NEC Electronics Group. The goal of CSR management at NEC Electronics is to ensure that each and every employee is conscious of the Guiding Principles as common objectives in the execution of daily business. As part of this effort, in fiscal 2007 we focused on reinforcing group-wide corporate governance by reexamining our internal control system in order to upgrade and implement it in our overseas companies.
We conceive of three dimensions to our business: the social dimension of bringing a global perspective to our efforts to contribute to the international society and global community as we strive to create a corporate culture that values the individuality of our employees and at the same time is conducive to maximizing their potential; the environmental dimension of reducing the environmental impact of our products throughout every phase of the product lifecycle; and the economic dimension of creating semiconductors with new functions that make them eco-friendly, safe, and userfriendly to help our customers produce products with a competitive advantage. Our success in creating the best semiconductor products in the world will enable us to build a firm foundation for our business activities. Being a good corporate citizen will also earn us the trust of the international community. This is our vision for the CSR efforts that are integral to our business activities.
The NEC Electronics Group is committed to raising our corporate value as we endeavor to solidify relationships with our stakeholders in our effort to become a company that makes meaningful contributions to the development of a sustainable society.
We ask for your continued support and guidance as we move forward in this endeavor.
Toshio Nakajima
President and CEO
NEC Electronics Corporation