Materiality
Based on the Three Corporate Principles, which have served as MC’s core philosophy since its inception, MC identified a set of Key Sustainability Issues in 2016 as mileposts for proactively realizing “triple-value growth” through the simultaneous generation of economic, societal and environmental value. While responding to the requests of all stakeholders, MC has worked to address various societal issues through its business activities and has contributed towards the sustainable development of society as well as value creation.
After a certain period of time since the establishment of the Key Sustainability Issues, stakeholder expectations of companies regarding issues such as climate change had grown even higher, and the issues that companies must address had evolved. Against this backdrop, in order to further raise our corporate value over the medium to long term, we conducted a review of our Key Sustainability Issues from the perspective of their importance to our business activities. The revised "Materiality" as a set of crucial societal issues that we will prioritize through our business activities, towards the creation of shared Value.
Out of the eight redefined material issues, the six that we will pursue through our business activities are categorized as “Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually”, while the two that we will pursue through organizational management are grouped as “Striving to Serve as a Platform for Generating Triple-Value Growth”. Guided by our Materiality, we will continue to strengthen our efforts toward sustainable corporate growth.
Overview of Materiality
| Issues | Overview |
|---|---|
| Realizing a Carbon Neutral Society and Striving to Enrich Society Both Materially and Spiritually | |
Contributing to Decarbonized Societies  | Contribute to the realization of decarbonized societies by striving to reduce greenhouse gas (GHG) emissions, while providing products and services that support decarbonization during the transition period. |
Conserving and Effectively Utilizing Natural Capital  | Recognizing the Earth itself to be our most important stakeholder, strive to maintain biodiversity and conserve natural capital, and work to create circular economies while reducing our environmental footprint. |
Promoting Stable, Sustainable Societies and Lifestyles  | Promote sustainable societies and lifestyles of the future through businesses in a diverse range of countries and industries, while fulfilling our responsibility to provide a stable supply of resources, raw materials, products, services, etc., in line with the needs of countries and customers. |
Utilizing Innovation to Address Societal Needs  | Create businesses that help to address societal needs while working to spur major industry reforms that are supported by business innovation. |
Addressing Regional Issues and Growing Together with Local Communities  | Strive to contribute to the development of economies and societies by addressing issues facing countries and regions, while seeking to grow together and collaborate with diverse stakeholders, regions and communities. |
Respecting Human Rights in Our Business Operations  | Respect the human rights of all stakeholders involved in promoting our diverse operations worldwide, and pursue solutions for value chain-related issues, while considering the local conditions in each country. |
| Striving to Serve as a Platform for Generating Triple-Value Growth | |
Fostering Vibrant Workplaces That Maximize the Potential of a Diverse Workforce  | Recognizing that our human resources are the great assets of our businesses, foster a diverse and versatile talent pool that drives efforts to generate triple-value growth throughout our organization, and also seek to develop an organization where diverse human resources share common values and grow together while furthering their connections and inspiring one another to excel. |
Realizing a Highly Transparent and Flexible Organization  | While swiftly responding to changes in the business environment, strive to realize effective governance on a global, consolidated basis and maintain/strengthen a sound organization that is transparent and flexible. |