Noul stipulates comprehensive management principles established from a sustainability perspective in its Articles of Incorporation, and these management principles serve as the policy foundation for sustainability initiatives at both the company-wide and departmental levels. To embed these management principles within the organization, Noul ensures that all members of management and employees reaffirm the corporate mission and management principles through company-wide Work Ethic Training held at the beginning of each year. In addition, Noul supports all new employees in internalizing and practicing the mission and management principles through its regular onboarding program.
Sustainability Policy and Implementation System
Sustainability Policy
The sustainability perspective embedded in the Articles of Incorporation encompasses the following elements.
- Contributing to the sustainable development of the planet
- Creating social value through business
- Balancing economic value creation with social responsibility and environmental responsibility
- Pursuing long-termism in corporate value
- Growing and developing together with diverse stakeholders
- Embedding a sustainability philosophy
- Periodic measurement and management of social value outcomes
Sustainability Implementation Framework
The Noul Sustainability Circle (NSC) is an implementation framework established to apply the management principles set out in the Articles of Incorporation strategically and systematically across overall organizational operations. It consists of three implementation areas and three implementation approaches. The implementation areas define the priorities and strategic direction of company-wide sustainability initiatives, while the implementation approaches present the perspectives that should be consistently maintained in implementing sustainability management.
Sustainability Implementation Areas
Sustainability Implementation Approaches
Compliance
Compliance with laws and norms is the minimum requirement for securing the social legitimacy of corporate activities. We comply with applicable laws and international standards in every country where we operate, and make every effort to embed ethical management practices across organizational operations.
Corporate Citizenship
As a company is a member of society granted legal personality, we always make decisions and act based on corporate citizenship. Across all management activities, we consider not only economic value creation but also the prosperity and development of the society to which the company belongs.
Responsible Business Conduct
Strong trust-based relationships with stakeholders are essential to the company's continuous growth and fulfillment of its mission. We strive to respond to the needs and expectations of stakeholders who are directly and indirectly affected by, or affect, the company, and to responsibly manage the social and environmental impacts of our corporate activities.
Stakeholder Engagement
We believe the perspectives and opinions of diverse stakeholders lead to better decision making and organizational performance. Accordingly, we make every effort to listen to stakeholder expectations and needs through transparent and honest communication and to faithfully put them into practice.
Social Value Creation
We focus on the opportunity and responsibility to improve healthcare access for all people worldwide through innovative decentralized diagnostic solutions. As our products and services are expanded, we expect diagnostic capabilities across medical institutions and healthcare systems in each region to be strengthened, thereby improving access to healthcare for more people.
Collaboration
We seek collaboration and synergy beyond individual organizations to solve challenging problems. We collaborate strategically with experts around the world and actively participate in opportunities to create collective impact based on a shared sense of purpose.