Key sustainability Issues (Materiality)
To continue creating these “two types of value” in the future, Sojitz has determined 6 Key Sustainability Issues (Materiality) to focus on in our business over the medium- to long-term. Based on these issues, we are striving to integrate solutions to global environmental and social problems with our corporate activities and build systems for such integration.
|Respect the human rights of people involved in our businesses||Sojitz respects the human rights of people involved in its businesses. This applies not only to Sojitz employees, but also to everyone affected by Sojitz‘s businesses throughout its supply chains. Should there be any instances of child labor or forced labor, we will rectify them.|
|Contribute to the global environment through our businesses||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.|
|Develop and grow together with local communities||Sojitz promotes businesses that grow together with local communities. We work to reduce environmental and social burdens 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.|
|Develop, supply and use sustainable resources*||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
|Promote opportunities for diverse human resources and workplace diversity||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.|
|Emphasize effectiveness and transparency||Sojitz strives for corporate governance and transparency by strategically linking Group activities, including compliance and efforts to achieve medium- to long-term business sustainability|
How We Set Key Sustainability Issues (Materiality) and Reflect Them in Our Strategies
Our Process for Setting Materiality
In establishing Key Sustainability Issues (materiality), we determined sustainability issues to prioritize by analyzing the operating environment, including the Paris Agreement and SDGs; as well as the internal environment, by considering trading company businesses and the unique characteristics of Sojitz; in order to bring to light "risks" and "opportunities" for Sojitz. Furthermore, we brought in an outside expert and held Stakeholder Dialogue, including objective analysis of the validity of these analyses. After also considering the importance to stakeholders, we then defined Key Sustainability Issues and set concrete measures for sustainability goals.
Reflecting Materiality in Our Strategies
Sojitz’s Long-Term Sustainability Vision and Our Targets under Medium-Term Management Plan 2020, Based on Key Sustainability Issues (Materiality)
『Sojitz’s long-term sustainability vision leading up to 2050』
In April 2018, Sojitz announced the "Sustainability Challenge" based on consideration for the Paris Agreement *1 and the U.N.’s Sustainable Development Goals *2.
『Medium-Term Management Plan 2020 Targets』
We aim to create sustainable growth for both Sojitz and society by working to help achieve a decarbonized society through our business activities, and by responding to human rights issues, including those within our supply chains.
Additionally, we have set concrete targets to be pursued during Medium-Term Management Plan 2020, with the Sustainability Committee monitoring the progress and announcing results.
*1. Paris Agreement: An agreement within the United Nations Framework Convention on Climate Change (UNFCCC) adopted in Paris in 2015. The agreement calls on all participating countries and territories to set targets for reducing and controlling greenhouse gas emissions beyond 2020.
*2. SDGs: A set of global goals adopted by the UN in 2015 for achieving a sustainable world, intended to be achieved by 2030.