Materiality

Identification of materiality

The Group has identified materiality as issues that are essential to its stakeholders and have a significant management impact on the Group's business, in light of the increasing importance of sustainability worldwide, including ESG (Environmental, Social, and Governance) and the UN Sustainable Development Goals (SDGs).

Materiality identification process

  1. STEP1

    Listing of candidate materiality issues

    We have developed an extensive list of environmental, social, and economic challenges, referring to international frameworks and guidelines such as the SASB Standards and SDGs, as well as industry-specific macro trends.

  2. STEP2

    Identifying issues and assessing their importance

    For each of the issues listed in STEP 1, we identified areas of particular relevance to the Group's business. We prioritized them based on their importance to stakeholders and our business.

    Materiality map. The vertical axis represents relevance to stakeholders (low to high), and the horizontal axis represents impact on business (low to high). This chart plots the results of importance assessments for giftee's 12 materiality items across both axes.
  3. STEP3

    Identifying materiality

    Of the issues identified and assessed in STEP 2, we identified materiality by classifying and organizing the essential matters into four categories: "Social Impact through Our Services" and "Environment," "Society" and "Governance," which are the foundations that support sustainable growth. The identified materiality was approved and decided by the Board of Directors.

    A table classifying materiality into four categories: "Solving Social Issues through Services and Solutions," "Environment," "Society," and "Governance."

Sustainability Governance Structure

The Board of Directors oversees and provides direction to the Representative Director/CEO and the Management Meeting, which in turn reports back to the Board. The Management Meeting provides direction to and receives reports from both the Sustainability Promotion Department (IR) and the Risk Management Committee. The Sustainability Promotion Department and the Risk Management Committee collaborate with each other. The Risk Management Committee issues instructions to and receives reports from each department, while the Sustainability Promotion Department also coordinates with each department.