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Our Approach to ESG and CSR

Initiatives on Material Issues

Our Approach to Material Issues

Identifying and Reviewing Material Issues

We recognize that the sustainability of society as a whole will always have a significant impact on our corporate activities in the future. That is why we identify high priority issues from the point of view of management. Once we have identified these material issues, we incorporate them into our business activities, and publish details and the results of our initiatives in our ESG Report.
We identified nine material issues of the Group in fiscal 2008 by conducting a material issue assessment based on the framework of the GRI Guidelines, a set of international guidelines that address sustainability reporting. In fiscal 2016, we reorganized them into seven issues. Later, in response to changes in the external environment, we updated the Group's material issues in the Medium-term Management Strategy for the period until fiscal 2023, which we announced in March 2020. As a result, the Group now has ten material issues, which were selected based on the CSR material issues identified in 2015, following the steps shown in the figure below. Further, we also set material issues for management strategy, which are to be solved directly through business activities. Thus, we have strengthened the relationship between them and our management strategy. Our initiatives to address these material issues also helps achieve the Sustainable Development Goals (SDGs). Through these initiatives, we will improve our corporate value, achieving both social and economic value.
Now, we compile reports in accordance with the GRI Standards and by reflecting the recently-growing interest in non-financial information. We will continue to carry out regular reviews of the reports and strive to enhance their contents in response to the expectations and requests of our stakeholders.

Selection process
1.
Reviewed some of the key factors that were identified in 2015 based on information such as GRI indicators, the OECD Guidelines for Multinational Enterprises and SRI categories, from the viewpoints of latest social trends and the medium- and long-term growth of the Group
2.
Evaluated the importance of the key factors for the Group and for each group of our key stakeholders -- investors, suppliers, employees, and local communities -- in light of what we aim to be
3.
Identified the Group's material issues based on the result of the evaluation, and then set matters of extremely high importance for the Group and its key stakeholders as material issues related to solutions to social issues achieved through business, which are material issues for management strategy Also specified other material issues as material issues related to the reinforcement of our management base and linchpins

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Initiatives on Material Issues

三菱マテリアルグループの重要課題

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