For more than 140 years the Taiheiyo Cement Group has supported infrastructure and living environments by supplying society with high quality cement and construction materials, while conducting our business in consideration of the global environment. Based on this experience we have identified what is material to our business in order to organize the form and direction we should aim for when addressing the various environmental and social challenges we face, beginning with climate change.
Materiality Identification Process
The process was conducted in three steps, from identification of issues to validation. As a result, a total of 12 materialities were identified from financial, environmental, and social perspectives.
* SDGs, ISO 26000, GRI Standards, ESG assessment agency evaluation items, GCCA Sustainability Framework, etc.
Identified Materialities
Twelve materiality themes were identified and graded in terms of importance.
●List of Materialities and Main KPIs
Third-party opinion
Your materiality selection process is orthodox and the KPIs and timeline, as well as the associated guidelines, are sensible. “Carbon neutrality" and "circular economy" are your two most important themes, and a "circular economy" will lead to CO2 emission reductions while bringing growth and profitability at the same time. This is truly a business that has proven its strategic characteristics in the era of SX (Sustainability Transformation). On the other hand, the new business model of expanding CO2 capture and utilization under the CO2 recovery kiln commercialization concept with mechanical plant companies and gas companies is a step up to a European-style circular economy. I am confident that your company's historic corporate mission to "build the nation using cement" will continue with its unifying force and brilliance in the future.
Toshio Arima
Chairman of the Board
Global Compact Network Japan
