At the Toyo Ink Group, we believe that formulation of material issues for CSR, 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 for CSR of the Toyo Ink Group in fiscal 2016 and completed them in fiscal 2017.
In fiscal 2018, we began CSR activities based on the material issues by linking them to the SIC-I medium-term management plan. Moving forward, we will review KPIs and targets and strive to improve activities of the overall Group through PDCA cycles.
STEP 1: Identifying issues
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: Prioritizing the issues from stakeholders' perspective
We narrowed down the material issues further through communications with internal and external people, including dialogues with external experts and internal 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. We then began CSR activities based on the material issues by linking them to SIC-I, the first medium-term management plan under the SIC27 long-term corporate vision.
Future initiatives and issues
In the final fiscal year of the SIC-I medium-term management plan, we will take the following actions.
- Reviewing activities under SIC-I and revising the plan
- Setting KPIs and targets under SIC-II, the next medium-term management plan
- Instilling the issues further in the Group