In April 2023, the Warabeya Nichiyo Group identified five material issues under its Group philosophy, aiming to contribute to the realization of a sustainable society through its business activities. We are working to resolve these issues while aiming for the sustainable growth of the entire Group.
In order to identify our material issues, we extracted a population consisting of a broad range of 370 challenges that, in light of our corporate philosophy, the Group must tackle. This population includes the World Economic Forum (WEF) Global Risks Report 2022, the Sustainable Development Goals (SDGs), the SASB Standards, the SASB industry-by-industry Materiality Map, ESG rating agency survey items (CDP question items), and initiatives taken by other companies in our industry.
We evaluated the importance of each issue to society and the Company, narrowed the population down to 46 items, and conducted interviews with management and sent questionnaires to all employees. By providing all employees with the opportunity to think about these issues on a personal level, we were able to obtain a high level of interest, with a questionnaire response rate of 96%.
We conducted reviews regarding the importance of each issue for medium- to long-term management of the Group, as well as the concurrence with challenges faced by society as a whole, thereby categorizing the issues into five areas of materiality.
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