Process of Identifying Material CSR Issues
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- Sustainability
- Process of Identifying Material CSR Issues
The Daito Group believes that, to continue to grow and provide value to society amid drastic social and economic changes, it must not only contribute to solving social issues that can significantly affect the implementation of its business strategies but also create new businesses that can contribute to solving social issues.
We have recently identified our material CSR issues and defined key performance indicators (KPIs). In the identification process, we specified CSR issues that could significantly affect the implementation of our business strategies and took into consideration the levels of impacts and likelihood of risks and opportunities entailed by those issues. In this process, we mainly took the perspective of contribution to a sustainable society, the perspective of ESG evaluation made by institutional investors, and the perspective of CSR issues particular to our industry. We also referred to assessment items related to the Sustainable Development Goals (SDGs) and socially responsible investing (SRI).
Process of Identifying Material CSR Issues
Step 1 Clarify measures necessary to completely implement our business strategies
Step 2 Consider what CSR matters and issues are relevant to our business activities
Step 3 Identify risks and opportunities and the levels of their impacts
We analyzed the measures necessary to completely implement our business strategies, which we had clarified at Step 1, and the relevance of the CSR issues, which we had considered at Step 2. Through the analysis, we figured out trade-off (risk) situations, where the complete implementation of our business strategies could not be compatible with solutions to CSR issues, and linkage (opportunity) situations, where the above two could be compatible with each other. After that, we identified the levels of impacts of those risks and opportunities by analyzing their likelihood and impacts.
Step 4 Identify material CSR issues
Identified material CSR issues
- Efforts to Reduce Medical Costs and the Burden on Patients
- Promotion of sustainable procurement
- Improving the working environment for employees (skills development of employees, ensuring a work environment, compliance with labor standards, respect for human rights)
- Enhancement of corporate governance (enhancement of group governance; prevention of corruption)
- Environmental conservation (response to climate change; promotion of water resource management)