Sojitz Corporation


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.

Key sustainability Issues  Materiality Sojitz Group Statement The Sojitz Group creates value and prosperity by connecting the world with a spirit of integrity

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.

>> Details on our process for setting materiality

>> How we confirm outside opinions (dialogue with stakeholders)

>> How we confirm outside opinions (analyzing international norms)

[Define Sustainability Within Sojitz]Develop a perspective and process for creating value. External Environment. International Norms Trends SDGs. Create 'Two Types of Value' New Value Prosperity Strengthening human resources. Exercising our capabilities through new ideas. Practicing strategies and governance that will create sustained growth. Building a robust business foundation. [Clarify Issues] Derive Sustainability Issues through Consideration for International Norms and the External Environment Key Sustainability Issues (Materiality) Human Rights Environment Resources Local Communities Human Resources Governance. Initiatives from the Stakeholder's Perspective Stakeholder Dialogue

Reflecting Materiality in Our Strategies

『Sojitz’s long-term sustainability vision leading up to 2050』

The Sustainability Challenge, Sojitz’s long-term vision for 2050, takes a more granular approach toward defining issues among the universal issues. This vision calls on us to help achieve a decarbonized society through our business activities and to respond to human rights issues, including those within our supply chains. These two tasks have been an area of particular focus for Sojitz as of late and have formed the foundation for setting the growth strategies of Medium-Term Management Plan 2023.

[Key Sustainability Issues (Materiality)] Sojitz Group Statement The Sojitz Group creates value and prosperity by connecting the world with a spirit of integrity 【Business】 [Resources] Develop, supply, and use sustainable resources [Human Rights] Respect the human rights of people involved in our businesses[Environment] Contribute to the global environment through our businesses [Local Communities] Develop and grow together with local communities  【Foundation】[Human Resources] Promote opportunities for diverse human resources and workplace diversity[Governance] Emphasize effectiveness and transparency Identification of More Granular Themes

Sustainability Challenge—Long-Term Vision for 2050

Decarbonization Initiatives

Sojitz is involved with a number of supply chains that entail the release of CO2 emissions. Accordingly, the transition to a decarbonized society presents a risk to the Company.
Conversely, contributing to the reduction of CO2 emissions throughout society represents an opportunity to create new businesses and an opportunity we are striving to seize.

Respect for Human Rights within Supply Chains

Addressing human rights issues requires cooperation from all stakeholders involved in supply chains. As Sojitz engages with a number of supply chains, human rights issues are a matter of requiring ongoing attention.

>> Details about the Sustainability Challenge

Sustainability Management Promotion Cycle

In formulating its response toward these issues, Sojitz sought to develop an understanding of the risks and opportunities it faced through engagement with stakeholders. Based on this understanding, we established policies related to decarbonization, human rights, and other matters, and reflected these policies in the medium-term management plan 2023 to guide concrete action. In addition, we disclose information on these activities as appropriate in order to gain new input from stakeholders. This approach constitutes our sustainability management promotion cycle.

Sustainability Management Promotion Cycle

Sustainability Management Promotion Cycle

1. Dialogue/Understanding of Risks and Opportunities

  • Stakeholder dialogues
  • ESG dialogues, external evaluations
  • Monitoring of external scenarios, technology trends, and EU taxonomy
  • Organization of relevant points of contention and approaches

2. Policy Creation

  • Formulation of Companywide policies and reflection in medium-term management plan
  • Incorporation of policies into individual business strategies
  • Clarification of risks and opportunities by division

Policies for helping to achieve a decarbonized society

3. Action

  • Execution of business strategies
  • Advancement of Sustainability Challenge
  • Monitoring through the Sustainability Committee
  • Deliberation of new finance and investment proposals and reflection in organization appraisals

4. Disclosure

  • Disclosure through media such as integrated reports and Sojitz ESG BOOK (website)
  • ESG briefings
  • Analysis and disclosure based on frameworks such as the TCFD and the IFRS Foundation

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