Mitsui Kinzoku Group recognizes that the business activities have influence on the economy, environment, and society that reach beyond national borders. By utilizing the eight standards of ISO26000, we identify our major stakeholders with a high possibility of being subject to impact. The Earth environment is considered as being one of our major stakeholders. SDGs indicate the common social and environmental issues and goals that are shared among multiple stakeholders. In recognition of such global-scale issues, we identify our materiality based on the expectations and requests from our major stakeholders.
Furthermore, in considering our company’s social responsibility, we identified our employees (workers), suppliers, and local community as the prioritized stakeholders with a more direct relationship with us and related to our Group’s “social and relationship capital”.
Stakeholder mapping along the value chain
We carry out engagement activities with major identified stakeholders through various opportunities.
As for responsible mineral sourcing, particularly to address conflict minerals issue, we participate in ITSCI as a member and support LBMA‘s program for responsible gold transaction. To promote responsible sourcing in general, we participate in the Responsible Minerals Trade Working Group of the Japan Electronics and Information Technology Industries Association（JEITA）as a member to support RMI’s activities.
We also respect the Responsible Business Alliance（RBA) code of conduct in internal activities and those undertaken in supply chains.
Mitsui Kinzoku Group identifies the material issues (materiality) along with the requests and expectations from our stakeholders.
Identify issues based on the seven core subjects of ISO 26000 in reference to the Global Reporting Initiative (GRI) guidelines (G4) and SDGs.
Narrow down the candidates based on the questionnaires and results by ESG assessment bodies.
Based on identified stakeholders, sort out and analyze their major requests and expectations.
By taking into account both the materiality for stakeholders and that for Mitsui Kinzoku, map the candidate issues identified in Step 2. The CSR Committee then identifies 28 material issues for Mitsui Kinzoku, and they are approved by the Executive Council and the Board of Directors.
For a future intention to integrate solutions for social and environmental issues into management strategies, we assessed the materiality, whether it is a risk or an opportunity, from the ESG perspective of the GRI standards, and linked the materiality to SDGs.
In FY2018, we conducted the materiality assessment again in connection to the new medium-term management plan (19 Medium Plan). This assessment was conducted in terms of what will have influence on our long-term value creation ability. This assessment used the SASB*1 standard and the ESG general standards*2 offered by Amundi, the largest asset management company in Europe. The SASB standard lists the disclosure items and indexes that have particular impact on a company’s finances by each industry type and ESG issue. The ESG general standards comprised of 15 factors helps to evaluate the level of influence and probability of impact on the company’s value.
Utilizing these standards, we extracted materiality from the items required by ESG investment that may have particular impact on our business model and finances. We grouped them as “materiality issues in the areas of responsibility that relate to the social & relationship and the natural capital”.
（For the SASB standards by industrial sectors, we referred to the Metals & Mining category in the Extractives & Minerals Processing Sector in order to incorporate the risks that are unique to mining.）
＊1 SASB Sustainability Accounting Standards Board
＊2 Amundi ESG general standard
＜Reference＞ Amundi Japan (2018) "Introduction to ESG investment that will change society", Nikkei Publishing Inc.
impact on the finance
[ Amundi ESG general standards][ SASB industry standards]
- Reduce GHG emissions
- Creation of renewable energy
- Sustainable water use
- Wastewater management
- Sustainable use of raw materials/resources
- Recycling and management of waste
- Biodiversity conservation
- Manage closed mines
- Human rights due diligence
- Prohibition of child labor/forced labor
- Occupational health and safety
- CSR procurement
- Strengthen of corporate governance
- Full enforcement of compliance
- Anti-corruption and anti-bribery
- Prohibit of anti-competitive practices
Perspective of ESG [GRI Standards]
[Material issues related to business models]
- Co-creation in markets for new engineered materials
- Recycle-smelting (Implementing materials stewardship)
- Continuous supply contributing to sustainable mobility
- Health management
- Develop human resources
- Employee engagement
Perspective of CSR [ISO26000]
- 04 Spread CSR throughout the Group
- 28 Contribution to local communities
- 20 Products contributing to the environment
Target, progress and performance of Material Issues
The Integrated Report Progress of Material Issues