Materiality and CSR Targets

Materiality

The Nisshinbo Group is currently undergoing reorganization, integration and business development on a global scale. We are working to enhance corporate value and earn the trust of a variety of stakeholders. In February 2015, we identified material issues for the Group in order to clarify issues that required action to achieve sustainable growth for the Nisshinbo Group’s business in tandem with society.

Materiality for the Nisshinbo Group

  • Global compliance
  • Contribution to the environmental and energy field
  • Creation of a secure and safe society

Process of Determining Materiality

1. Identify social issues for consideration

First we identified social issues, referring to ISO 26000, the fourth edition of the GRI Guidelines, the 10 principles of the UN Global Compact and other social norms. We then evaluated their relationship to the Group’s businesses and identified 22 social issues for consideration.

2. Prioritize social issues

During Group CSR Council deliberations, we prioritized the social issues we had identified from the perspective of their importance to stakeholders and their importance to the Nisshinbo Group, coming up with a draft proposal.

3. Deliberate and approve at the Corporate Strategy Conference

The Corporate Strategy Conference, chaired by the president of Nisshinbo Holdings and comprising all managing officers, deliberated the issues’ materiality. After considering the importance of these social issues and their relationship to the Group’s businesses, we determined the three material issues indicated above.

Third Mid-Term CSR Targets

We set the key action items in our Third Mid-Term CSR Targets, from fiscal 2016, in accordance with the seven core issues raised in the ISO 26000 international standard on social responsibility, as indicated in the table below.

We had set separate key performance indicators (KPIs) and pursued activities toward targets in the areas of occupational safety and health and the environment. To promote CSR activities more assiduously, in fiscal 2016 we set 14 KPIs covering such items as CSR procurement and compliance. We will begin these initiatives in fiscal 2017.

Third Mid-Term CSR Targets

ISO 26000 Core Issues Key Action Items
Organizational governance Instilling the Corporate Philosophy
Thorough compliance
Strengthen internal controls
Reinforce risk management
Human rights and labor practices Respect for human rights
Promoting diversity
Promoting activities for occupational safety and health
Cultivating employee health
The environment Reinforcement of the maintenance of Biodiversity
Promotion of Life Cycle Assessment (LCA*1)
Improvement of the sales percentage by the products that contribute to the development of the sustainable society
Reduction of the energy consumption per unit of sales
Reduction of greenhouse gas emissions per unit of sales
Reduction of the volume of PRTR substance*2emissions per unit of sales
Improvement of recycling rate
Fair operating practices Promotion of CSR procurement
Consumer issues Improve quality and customer satisfaction
Community involvement and development Development of social contribution activities

*1 Life cycle assessment: Understanding of environmental load, through the life cycle of a product, from raw materials, to production, use, and finally to disposal

*2 PRTR (Pollutant Release and Transfer Register) substances: Substances subject to the PRTR (Pollutant Release and Transfer Register) system pursuant to the “Act on the Confirmation, etc. of Release Amounts of Specific Chemical Substances in the Environment and Promotion of Improvements to the Management Thereof” and reports of their amounts of release and transfer must be filed.