Process for Identifying Core Materiarity
Core Materiality is considered through four steps by taking into account advice from external experts and discussions among the Group Sustainability Committee*, the Executive Management Board, and the Board of Directors* and is deliberated and determined by the Board of Directors as part of Medium Term Management Plan.
- *For the Group Sustainability Committee, see Group Sustainability Promotion Structure.
Step1
- Select 35 social issues to further examine for priority and importance and determine which should be addressed based on inputs from the 17 SDGs, reports of international organizations, and advice from external experts.
Step2
- Create a materiality map and Evaiuate importance order for the 35 social issue selected in Step 1, based on the concept of double materiality.
- In addition, based on discussions among the Group Sustainability Committee, the Executive Management Board, and the Board of Directors, carry out partial reevaluations with respect to the items that have higher importance for the Group's business, considering business risks and opportunities for Daiichi Life Group.
Step3
- Based on the prioritization in Step 2, identify 20 material issues that are within focus areas with high degrees of stakeholder interest and importance.Materiality map
As for 20 material issues in the focus area, risks and opportunities are identified and reflected in business strategies.
Step4
- Formulate Core Materiality taking into account commonalities between each of the 20 issues determined in Step 3.