Materiality

Overview

As the impact of corporate activities on society grows, business operations that take into consideration environmental, social and governance (ESG) factors are becoming more and more important, and ESG is being emphasized as one of the indicators for evaluating corporate value. J-OIL MILLS regards ESG initiatives as the foundation of its business activities and an important factor in determining competitiveness, and is promoting ESG Management that is integrated into its business. As social issues become more complex, the company is taking into account trends in the international community and identifying Materiality that it should prioritize in order to realize its corporate philosophy and solve issues out in the SDGs*, and is regularly reviewing these.

*Sustainable Development Goals (SDGs)
A set of global issues and shared goals agreed upon by the United Nations that define the world's ideal state for 2030

In 2022, J-OIL MILLS reviewed its Sixth Medium-Term Business Plan (hereinafter referred to as the Sixth Medium-Term Plan), extending the four-year plan from 2021 to 2024 by two years to a six-year plan. As a result, there was a discrepancy between the achievement years of the goals linked to the company's materiality and the final year of the Sixth Medium-Term Plan, and in response to comments from various stakeholders that the materiality identification process was unclear, the company reviewed its materiality and identified four areas in 2023: "Realizing a sustainable society through a stable supply of food" and "Contributing to the well-being of all people through food safety and security" as materiality related to the business strategy, and "Respecting diversity and improving employee job satisfaction" and "Strengthen Corporate Governance" as materiality related to the business foundation.