Materiality (material issues) assessment
Three Material Issues to Create New Value for Customers and Society
Protect people worldwide from the threat of infectious diseases
Creating a more vigorous society
Materiality assessment process
- [STEP1] Select social issues as materiality candidates
▷ We selected social issues through various channels of stakeholder engagement, referencing requirements in international guidelines and criteria used in assessments for socially responsible investment.
Main guidelines used as reference
Sustainable Development Goals (SDGs), GRI, ISO 26000, SASB
- [STEP2] Prioritize social issues
▷ Led by the Corporate Strategy Division (Corporate Planning Department, Finance & Accounting Department, Corporate Communications Department), Human Resources & Administration Department, Corporate Social Responsibility Department and the Government Affairs Department, we created a materiality map to identify and categorize material issues from two perspectives – Importance to Society and Relevance to Shionogi’s Business.
▷ Relevance to Shionogi’s Business was assessed based on the updated SGS2020 Medium-Term Business Plan.
- [STEP3] Conduct hearings with stakeholders
▷ We conducted hearings with investors, experts and other external stakeholders and with related internal departments to confirm the suitability of the materiality map.
- [STEP4] Identify material issues
▷ Material issues were identified after discussions about the suitability of materiality by the Corporate Executive Committee and the Board of Directors
▷ We plan to regularly review material issues in line with revisions to business plans, progress with initiatives and changes in the social environment.