Key sustainability Issues (Materiality)
With heightened worldwide interest in social and environmental issues,
stakeholders have strong expectations for businesses to address such
It is also important to address these issues from the perspective of making businesses more sustainable.
In order to meet the various expectations of its stakeholders, Sojitz has selected Key Sustainability Issues (materiality) as focus areas for creating and maximizing its “two types of value.”
Key sustainability Issues (Materiality)
* The “CSR Focus Areas” established in June
2016 have been revised to “Key Sustainability Issues” as of April
|Sojitz respects the human rights of people involved in its businesses.
This applies not only to Sojitz employees, but also to everyone affected by its businesses throughout its supply chains.
Should there be any instances of child labor or forced labor, we will rectify them.
|Sojitz strives to preserve the environment and create businesses that are both highly competitive and environmentally friendly by pursuing environmental sustainability in its businesses.
We work to minimize our environmental burden with initiatives that include preventing climate change, reducing CO2 emissions and preserving biodiversity.
|Sojitz pursues the development, supply, and use of sustainable resources.
We strive to conserve resources, propose suitable energy mixes and provide a stable supply of resources.
* Includes energy, mineral, food, water, forest, marine and other resources
|Sojitz promotes businesses that grow together with local communities.
We work to reduce environmental and social burden on local communities through our businesses.
Through ongoing communication with local communities, we strive to achieve business sustainability, address local problems and support children’s education.
|The greatest business asset is a diverse workforce.
We strive to build a positive work environment, to establish systems for hiring, evaluating and training employees, and to promote diversity in the workplace through active involvement of human resources with diverse values.
|Sojitz strives for corporate governance and transparency by strategically linking Group activities, including compliance and efforts to achieve medium-to-longterm business sustainability.|
Selecting Key Sustainability Issues and Reflecting Them in Business
Sojitz defines the Key Sustainability Issues (Materiality)
after internally discussing and analyzing them based on international
norms, having them verified as appropriate through dialogue with stakeholders,
and obtaining authorization from the Management Committee and Board
(We introduce Sojitz's initiatives in line with (1)～(4) in the diagram)
(1) Discussion Regarding Social Issues and Needs
In order for Sojitz Group to continue to create "two types of value" in the future, it is absolutely essential that we understand the needs and expectations of our various stakeholders around the world and respond to changes in society.
Our process for selecting the Key Sustainability Issues (Materiality) includes analysis of international norms and trends, such as the United Nations' SDGs, which encompass a number of social issues and needs.
Major International Norms/Trends Referenced
(2) Prioritizing and Choosing Issues via Risk and Opportunity Analysis
We analyze Sojitz's risks and opportunities from a mid-to long-term perspective, after analyzing internal conditions with Sojitz Group based on the particular characteristics of the trading company business model and Sojitz's business. We then pick out the sustainability-related issues which we should prioritize work on.
(3) Initiatives from the Stakeholder's Perspective
We continue to create opportunities for dialogue with stakeholders and discuss with experts on international norms and trends with regards to environmental and human rights issues in order to better incorporate stakeholders' perspectives into our sustainability efforts. To better incorporate the demands placed on our company by society at large, we exchange opinions with these stakeholders, as well as have them verify the appropriateness of the Key Sustainability Issues (Materiality) and policies for future initiatives.
(4) Reflecting the Key Sustainability Issues in Sojitz's Business Activities
Medium-term Management Plan 2020 sets "Sustainability Goals" for each Key Sustainability Issue (Materiality) to be met over the plan's duration, in order to better incorporate our approach to Key Sustainability Issues (Materiality) into business management and promote the solving of environmental and social issues through our businesses.