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, in conjunction with the establishment of a new corporate philosophy system (vision, mission, values/purpose), a cross-departmental corporate philosophy system formulation team and a materiality review team centered on corporate departments such as the Corporate Planning Department and the Corporate Communications Department joined forces to begin discussions on reconstructing materiality.
In order to newly combine the values that our company holds dear and the activities of each division to solve social issues, we compared the materiality candidates proposed by the review team with our corporate philosophy system and the Joy for Life^® Map, which shows the future we should aim for, and considered new materiality to ensure sustainable growth in both economic and social value.
Materiality is a highly important factor that has a significant impact on our corporate value, and it is important that it is thoroughly examined not only by the practical staff but also by management members, and that its positioning is identified as the will of management. At our company, the final candidate proposal for materiality compiled by a review team consisting of practical staff from across departments was submitted to Executive Committee, where management members further discussed it. The final proposal was then approved at Executive Committee, leading to the identification of materiality. Materiality is an important issues for realizing the image that our company should aim to be. We will continue to regularly review the identified materiality in the future, taking into account 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)

We formulated our corporate philosophy, "Joy for Life^®", in October 2017. Since our founding, we have created various values through our business, but in order to continue to develop as a company, we have begun to consider how to link these values to the resolution of social issues, identify particularly important issues for realizing our corporate philosophy, and make them widely known both inside and outside the company.