The Core Values Committee identifies company-wide issues and discusses policies for promoting and strengthening the core values and, sharing relevant risks, makes recommendations and monitors progress on solving the issues. [...] Initiatives related to the environment are regularly reported to the Core Values Committee. The Committee discusses policies to strengthen activities related to the environment, which is one of NSK's core values, and considers related risks, so that it can suggest improvements to address issues. In particular, climate change-related matters are singled out from among environmental initiatives and are regularly reported to the Operating Committee and other committees by the Carbon Neutrality Department. This process facilitates discussions and resolutions on strategies, policies, and targets, as well as shared consideration of risks. Especially important measures undergo deliberations by the Operating Committee before being submitted to the Board of Directors. The Board of Directors oversees the NSK Group's environmental issues by approving or rejecting and commenting on reports and proposals from the Operating Committee. [...] Established in FY2022 and chaired by the CEO, the Core Values Committee specifies Group-wide issues through the discussion of policies for promoting and enhancing the core values of safety, quality, environment, and compliance, and through the sharing of climate-related risks. This Committee also provides suggestions for and monitors the progress of solutions to these issues.