At the Toyo Ink Group, we believe that formulation of material issues, which are aimed at improving both the Group's corporate value and sustainability of society, is necessary for achieving the SIC27 long-term corporate vision and “Sustainable Growth” into the future. Therefore, we began tasks for formulating the material issues of the Toyo Ink Group in FY2016, and completed them in FY2017.
STEP 1: Identifying issues (2016-)
By considering international guidelines and material issues at chemical manufacturers, among others, we identified aspects in which the Toyo Ink Group is believed to significantly impact the economy, society, and the environment, as well as candidate material issues that we must address.
STEP 2: Prioritizing material issues
Based on the candidate material issues identified, the CSR Promotion Committee mapped the issues, with coordinate axes of materiality for stakeholders and materiality for the Toyo Ink Group. Thus, the Committee narrowed the candidate issues down to high-priority ones.
STEP 3: Narrowing the issues from stakeholders' perspective (2017-)
We narrowed down the material issues further through communications with inside and outside the Group, including dialogues with external experts and in-house workshops.
STEP 4: Formulating the material issues
We organized the material issues that were narrowed down, ideal states, boundaries (extent of their impact), and other points, thereby clarifying the five material issues, position of each, and relationships between them. Following this, we determined the Toyo Ink Group's material issues with the approval of the CSR Generalization Committee and the Group Management Committee.
Future initiatives and issues
- Instilling the issues further in the Group
- Review of activities during the three-year period of each medium-term management plan and of KPIs and targets in view of the circumstances of society
- Review and adjustment of materiality