Materiality of J-OIL MILLS (Things we value)
Overview
As the impact of corporate activities on society increases, there is a need for business operations that take the environment, society, and governance (ESG) into consideration, and ESG is being emphasized as one of the evaluation indicators of corporate value. J-OIL MILLS views ESG initiatives as the foundation of business activities and an important element that influences competitiveness, and promotes ESG Management that is integrated with business. As social issues become more complex, we identify Materiality our company should prioritize and regularly address in order to realize our corporate philosophy and solve SDGs* issues, taking into account trends in international society. We are conducting a review.
*Sustainable Development Goals (SDGs)
The Sustainable Development Goals (SDGs) are the successor to the Millennium Development Goals (MDGs) formulated in 2001, and are part of the 2030 Agenda for Sustainable Development adopted at the United Nations Summit in September 2015. The international goal is to aim for a sustainable and better world by 2030. Consisting of 17 goals and 169 targets, it pledges to "leave no one behind" on earth. The SDGs are universal goals that are addressed not only by developing countries but also by developed countries themselves, and Japan is also actively working on them. (“What are SDGs?” JAPAN SDGs Action Platform. Ministry of Foreign Affairs. https://www.mofa.go.jp/mofaj/gaiko/oda/sdgs/about/index.html, reference: February 27, 2024)
J-OIL MILLS will review its Sixth Medium-Medium-Term Business Plan (hereinafter referred to as the Sixth Medium-Term Plan) in 2022, extending the four-year plan from 2021 to 2024 by two years to a six-year plan. It was extended. As a result of this, various stakeholders pointed out that there was a discrepancy between the year in which we achieved our goals related to materiality and the final year of the 6th medium-term plan, and that the materiality identification process was unclear. In response to this, we are reviewing our materiality. In 2023, the materiality related to our business strategy is "Achieving a sustainable society through a stable food supply" and "Contributing to the well-being of all people through food safety and security," and the materiality related to our business foundation is "Diversity." We have identified four areas: respecting gender and improving employee job satisfaction, and Strengthen Corporate Governance. In the future, we will organize sub-materiality linked to each area and set goal images and KPIs.
| Related to business strategy |
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| Materiality related to business foundations |
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Specific activity items
We plan to reorganize each materiality we have worked on so far into sub-materiality linked to the four areas of materiality identified in 2023.
| Resources and cultivated land Sustainability guarantee |
We contribute to the sustainability of the earth's limited resources by using raw materials efficiently and developing products with low environmental impact. |
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| Contributing to reducing the work and workload of customers | long-lasting oil " Cho Toku" and Oishisa design oil " JOYL PRO Series ®" not only improve Good taste but also reduce work and workload. |
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| Climate change mitigation and adaptation |
We will initiatives to reduce greenhouse gas emissions throughout the supply chain, including continuous initiatives in raw material procurement, production, and logistics processes, as well as the development of environmentally friendly products. |
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| Protein crisis response | Amid concerns about food shortages due to global population growth and economic growth, we are contributing to people's health and reducing environmental impact through delicious, low-impact plant-based foods (PBF). |
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| Food loss reduction and Stable supply |
Through our unique technology to suppress deterioration over time and improve texture, we contribute to reducing food loss, and as a company that supports people's dietary habits, we fulfill our responsibility to provide a stable supply of food. |
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| Meat and fishery resources Retention |
By utilizing meals, PBF, etc., we will contribute to maintaining the livestock and fisheries industries and reducing the burden of livestock farming. |
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| Food safety and security | In order to continuously provide safe, secure, and high-quality products and services, we will promote legal compliance and ensure food safety. |
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| Contribution to health maintenance | Through products such as PBF that utilize our unique materials and technology, we provide opportunities to consume plant-based nutrients and contribute to maintaining health. |
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| Responding to aging society | By proposing efficient calorie intake through oil and improving Good taste, we will enrich the eating habits of Japan's aging society. |
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| Lifestyle Diversification |
We provide food that is compatible with today's diverse lifestyles and dietary cultures such as vegans and flexitarians. |
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| Contribution to nutritional intake and management | We contribute to nutritional intake and management by utilizing our proprietary technology and nutritional components generated during the manufacturing process. |
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| Corporate Strengthening governance |
We will realize honest and highly transparent management that earns the trust of all our stakeholders. |
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| Strengthening risk management | We appropriately manage risks that may arise in corporate management in order to continuously improve corporate value. |
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| Promoting compliance | In order to remain a company that is always trusted by society, we strive to ensure thorough compliance for all employees. |
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| Supply chain management |
We will initiatives to establish a system for appropriate management of the supply chain, including consideration for the environment and human rights, and ensuring quality and safety throughout the supply chain. |
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| Diversity & inclusion |
We are promoting the creation of an organization and work environment where diverse human resources can fully demonstrate their individual characteristics and abilities. |
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| Work style reform & engagement |
We are promoting reforms with the aim of creating a workplace where diverse human resources can work autonomously and voluntarily to achieve results. |
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| Reforming our corporate culture and mindset | We are working to create an environment that is open and allows each employee to freely express their opinions. |
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| Contribution to and cooperation with local communities | We will work together in various ways to develop together with the local community. |
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| Timely and appropriate information disclosure | Through timely and appropriate information dissemination, we will achieve two-way communication with our stakeholders and build stronger relationships of trust. |
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Achievements
2023
Scheduled to be published after June 2023
2022
