Process of Identifying Materiality
Under the leadership of the Chair of the CSR Committee (present Sustainability Management Committee), we evaluated the appropriateness of the materiality evaluation process and analysis results and examined issues of materiality that should be addressed with priority. The process is as follows:
Comprehensively identify social issues with reference to megatrends, international frameworks and guidelines.
The frameworks and guidelines referred to include the following:
  • Ten Principles of the UN Global Compact
  • Sustainable Development Goals (SDGs)
  • OECD Guidelines for Multinational Enterprises
  • UN Guiding Principles on Business and Human Rights
  • GRI Standards
  • SASB Standards
  • ISO 26000
Score the social issues on their level of importance from the following viewpoints and map them out
Merge key issues that are common to both of the value creation and business foundation areas and identify similar issues
Discuss issues several times at the management level, including Independent Directors, while checking their consistency with the Group Corporate Philosophy
Finalize materiality and receive approval from the Board of Directors