Material Issues
Guided by the Essence of Toshiba, Toshiba Group works on material issues in accordance with the Sustainability Policy and promotes sustainability management that contributes to the development of society.
We have tackled the material issues identified in 2013 by regularly confirming their status. However, response to climate change is now required on a global scale, and social issues are changing according to various perspectives as seen in the SDGs adopted by the United Nations. Toshiba Group also reviewed its businesses. Accordingly, we re-identified new material issues in FY2021.
We position the material issues under the Essence of Toshiba and the Sustainability Policy, and will work on initiatives Group-wide.
Toshiba Group’s Material Issues
Toshiba Group will help solve social issues through its business based on the Mid-term Business Plan that starts from FY2022. By strengthening our management foundations that support our business activities and tackling the material issues below, we will increase Toshiba Group’s corporate value and achieve sustainable growth.
We understand that the following re-identified material issues in particular are closely linked to our business: “responding to climate change,” one of the urgent issues to be addressed on a global scale, “improving cyber resilience,” one of the essential elements to drive data business, “enhancing research and development to create innovation,” and “securing, retaining and developing human resources.”
| Vision for 2030 | Materiality | |
|---|---|---|
| For the irreplaceable global environment in which we live | Promote corporate activities with full consideration for the global environment throughout our value chain, from design, procurement, manufacturing, logistics and sales, through to disposal. |
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| For respect of human rights, to nurture people and technology, and to give back to society | Encourage every Group employee to feel pride and fulfillment in their work, and to harness creativity and technology in collaborating with business partners to realize rich value. |
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| For further strengthening thorough governance | Practice transparent corporate governance and optimal internal controls; and execute management with integrity, trusted by stakeholders. |
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Process of Material Issue Identification
Before re-identifying material issues, Toshiba Group extracted and organized issues with reference to the SDGs, which are universal social issues, the Global Risks Report published by the World Economic Forum (WEF), and guidelines including the SASB Standards. We narrowed them down to those of priority, evaluating them by their closeness to the businesses specified in the Mid-term Business Plan that starts from FY2022 and their importance in terms of strengthening the foundations to drive businesses. External experts then reviewed the draft of the selected issues. In August 2021, the Sustainability Strategy Committee chaired by the President and CEO confirmed the selection. The re-identified material issues were also reported to the Executive session of the Board in September 2021, and finalized upon reflecting opinions of the session members.
Process of Material Issue Identification
