Past activities related to materiality

Initiatives to review materiality in 2023
Deepening materiality
Targeting activities
Prioritization
Identifying social issues that need to be considered

Initiatives to review materiality in 2023

Issues	Increasing importance of sustainability strategies (materiality identification) that address social and environmental issues such as climate change and human rights Due to the review of the 6th medium-term plan (target year extended by 2 years), there is a discrepancy with the current materiality target year (2024)
STEP 1	Understanding and organizing social issues Society issues is extracted from global society issues, requests and guidelines of each ESG assessment organization, materiality of benchmark companies, and our corporate philosophy system and past materiality. Listed as materiality item candidates (long list of 100 items)
STEP 2	Aggregation of social issues /impact evaluation of materiality candidates Conducted surveys of internal and external stakeholders and interviewed our management team to identify the relationship with our corporate philosophy, Medium-Term Business Plan, and business, as well as the degree of financial and non-financial impact on our company. Scoring and reflecting the results of questionnaires and interviews in the materiality item candidate list We take into account important evaluation indicators and the number of survey responses for each stakeholder type, adjust the weights based on various guidelines and stakeholder opinions, and analyze the impact on stakeholders and the company to determine materiality. create a map
STEP 3	Redefining materiality and organizing materiality candidates Materiality has been narrowed down to 38 items, and materiality analysis (importance evaluation) is performed on two axes: ``important initiatives that stakeholders consider'' and ``important initiatives that our company considers'' to create a materiality map. What is materiality for our company (redefinition) issues that require priority response in order for our company to pursue profits through sustainable growth and improve corporate value in order to resolve social issues (ESG issues)
STEP 4	Verification of validity and identification of materiality by management Member of the Board discussed the validity of the 15 materiality candidates, and after repeated deliberations at Executive Committee, four materiality items were finally identified. After resolution at Executive Committee, report and approval to Board of Directors Related to business strategy materiality Realizing a sustainable society through a stable food supply Contributing to everyone's well-being through food safety and security Materiality related to business foundations Respecting diversity and improving employee motivation Strengthen corporate governance
From now on	Organizing sub-materiality, goal images, and setting KPIs Organizing sub-materiality linked to each area of materiality Goal image and KPI setting based on materiality after review New KPI progress management ~ PDCA cycle start

Deepening materiality (2021)

In April 2021, with the establishment of a new corporate philosophy system (Vision, Mission, Values/Purpose), a cross-departmental corporate philosophy system formulation team and corporate departments such as the Corporate Planning Department and Corporate Communication Department will The materiality review team has started discussions on restructuring materiality.
In order to create a new fusion of our values and the activities of each department to solve social issues, our study team has proposed a group of materiality candidates that we have created into our corporate philosophy system and the Joy for Life® Map that shows the future we should aim for. In light of this, we considered new materiality to ensure sustainable growth in both economic and social value.
Materiality is a highly important element that has a major impact on our company's corporate value, and it is important that not only those in charge of business but also management members thoroughly consider it and identify its position as the intention of management. At our company, the final materiality proposals compiled by a review team made up of cross-departmental personnel were submitted to Executive Committee, and management members held further discussions. Afterwards, the final proposal was approved by Executive Committee and the project was identified. Materiality is an important issues for realizing our company's vision. We will continue to periodically review the identified materiality in light of social trends and changes in issues and needs.

Materiality of J-OIL MILLS
(What I want to cherish)

Targeting activities (2020)

We integrated materiality into business plans and the activities of each department, and determined a person responsible for each issues. We also set goals for activities related to each materiality, and discussed initiatives to achieve the goals, the status of activities, and each issues.

Prioritization (2019)

The 60 issues identified in STEP 1 were discussed by each relevant department over the course of a year from two perspectives: importance to the company and importance expected by stakeholders. We received cooperation from outside organizations for these analyzes and ultimately narrowed down the proposed issues to 16 that we should prioritize.

Identifying social issues to consider (2018)

Our company established its corporate philosophy "Joy for Life_®" in October 2017. Since our founding, we have created a variety of values through our business, but in order to continue to develop as a company, we need to link these values to the resolution of social issues and to realize our corporate philosophy, which is particularly important. We began considering issues from the perspective of the need to identify it and clearly communicate it widely both inside and outside the company.