SustainabilityMateriality
Materiality
The Kyosan Group has identified the high importance materiality (management-critical issues) based on the importance of stakeholders and their relevance to our company, with reference to an international framework on GRI Standards, in the following four steps.
Materiality identification process
Materiality mapping
References to frameworks such as GRI (here, keywords derived from the above materiality mapping)
1) Global environmental conservation
2) High quality, pursuit of safety and value creation
3) Job satisfaction and human resource development
4) Honest and fair business practices
In identifying the materialities, we referred to international frameworks such as the GRI Standards and SASB, evaluated stakeholders and the importance to our company management, and mapped them as shown in the above figure. The upper-right portion of the chart identifies the items considered to be of high importance as "Materialities (Important Management Issues).“
The identified materialities have been approved by the Board of Directors after discussion at the Corporate Strategy Committee, each KPI has been set, and the PDCA is passed through business execution.
Our materialities
| Materialities | Subject* | Materiality (corresponding our company measures - issues of key focus in the Medium-Term Management Plan - |
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|---|---|---|---|
| Contributing to a decarbonized society | Through our business activities, we will fulfill our responsibility to pass on to future generations a prosperous and beautiful planet by promoting initiatives to achieve carbon neutrality and create a recycling-based society, including in our supply chain. | Kyosan Group |
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| Signal |
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| PE |
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| Innovative product development | Contribute to sustainable social development by developing innovative products and creating new businesses.
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Kyosan Group |
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| Signal |
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| PE |
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| Strengthening the management base and governance | We will strictly comply with all laws and regulations, promote the development of an internal environment that enables us to strengthen governance, and deliver management that earns the trust of our stakeholders, in order to operate our business honestly and fairly, including fair competition and fair transactions based on high ethical standards. | Kyosan Group |
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| Enhancement of human capital | We will promote work style reforms, including an evaluation system that gives employees a sense of fulfillment, such as "growing well" or "performing to their potential," and improvements to the work environment, to increase employee engagement and develop human resources that create sustainable value. | Kyosan Group |
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*Signal: Signal Systems Business; PE: Power Electronics Business
By formulating the Medium-Term Management Plan 2025 which is a medium-term plan related to materiality, and reviewing it annually, we will establish a checking system for businesses and initiatives in line with the materialities.
