Materiality Identification Process
Along with the formulation of the Medium-Term Management Plan (FY2021-FY2025), we have reviewed our materiality based on what we aim to achieve.
Identification Process
STEP1 Extracting social issues
From the 169 specific targets for achieving the 17 goals of the SDGs, we extracted social issues for the Company, which runs insurance business.
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- The number assigned to each social issue is the one for the 169 targets of the related SDGs.
STEP2 Identifying materiality
We identified high-priority social issues by prioritizing social issues extracted in STEP 1 based on the two standards: "importance for us (strategic importance)" and "expectations from stakeholders."
【Importance for us (strategic importance)】
Selected based on our management philosophy, social mission (purpose), and the basic policies of the Medium-Term Management Plan (FY2021-FY2025)
【Expectations from stakeholders】
Selected based on opinions received from stakeholders, such as customers, investors, employees and local communities, and the international community (see the next table)
[Reference] Expectations from each stakeholder (excerpt)
STEP3 Verifying and determining important issues
We discussed and determined the details of the identified materiality at the Sustainability Committee and Executive Committee, and report them to the Board of Directors.
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- The 17-color wheel means that the promotion of ESG investment is related to all 17 goals of the SDGs.
