Materiality (Key CSR Challenges)
To reflect CSR challenges in our business strategy, the GS Yuasa Group analyzes and assesses the impact on business and the impact of our business on society and then clarifies the Group's materiality for items that need to be addressed. Next, we will explain the materiality specification process that we implemented fiscal year under review and the results.
Materiality Specification Process
Step 1: Identify risk and opportunity in CSR
For key challenges in the Mid-Term Management Plan, GS Yuasa identifies risk in CSR (that hinders the resolution of these challenges) and opportunity in CSR (that promotes the resolution of the challenges). When identifying these risks and opportunities, our actions are based on international guidelines related to CSR.
Step 2: Specify significant risk and opportunity in CSR
GS Yuasa evaluates and assigns a score to the scale of the CSR risk and opportunity identified in Step 1 in consideration of the impact on business (possibility of occurrence x scale of impact on business), which enables us to specify risks and opportunities as key business challenges.
Next, we evaluate the impact of GS Yuasa's business activities on society relative to these core business risks and opportunities based on the number of related CSR themes and social importance. We then specify risks and opportunities that will be key CSR domains.
Matrix of key CSR domains
Step 3: Specify materiality
GS Yuasa orders the core CSR risks and opportunities evaluated in Step 2 and then specifies materiality in consideration of the response method to the risks and opportunities.
Results of Specifications
|1. Developing fair, transparent, and sound business, and anti- corruption||Thoroughly fulfilling our CSR and ensuring compliance|
|Management of confidential information|
|Respect for intellectual property|
|2. Respect for human rights||Respect for individuality|
|3. Conservation and preservation of adequate working environment||Improvement of safety and health in working environments|
|Human resources development|
|4. Fulfillment of our responsibilities to provide safe and secure products and services||Provision of high-quality products|
|5. Global environmental conservation||Promoting environmental protection|
|Developing and popularizing environmentally considered products|
|7. Ensuring social responsibility within our supply chain||CSR procurement promotion|
Going forward, we will formulate an action plan and key performance indicators (KPIs) relative to the materiality we have specified and look to make improvements via a PDCA cycle. In addition, we will clarify the correlation between materiality and sustainable development goals (SDGs).