We comprehensively revised our Vision for 2020 in 2015 with regards to the key issues for the SMM Group through the process described below. We were guided by the International Integrated Reporting Framework (IIRC Guidelines) and GRI Sustainability Reporting Guidelines Version 4 (G4) on the specifi cprocedures for revision.
As sustainability issues, we identifi ed a variety of issues that positively or negatively impact the formation of a sustainable society. In doing so, we focused on the guidelines at right, with the result that we identifi ed 102 issues. We further consolidated the issues according to their shared qualities, in the end identifying 58 sustainability issues.
We evaluated these issues on the two axes of materiality for stakeholders and materiality for the business of the SMM Group. We identifi ed 26 material issues for which importance is high on both axes and for which our current initiatives should be strengthened.
We categorized the identifi ed material issues into our Six CSR Areas of High Priority and formulated draft revisions to the Vision for 2020, in line with our targets and our approaches for addressing the organized material issues as a Group.
We also identifi ed specifi c targets and KPIs for assessing our degree of achievement toward the Vision for 2020.
The Chairman, President, and all 24 executive offi cers took part in 15 hours of deliberations on the considered material issues, the Vision for 2020, the specifi c targets, and the KPIs, with a focus on verifying consistency with our business policy and business strategy. Validation of the fi nal draft was carried out through confi rmation by the CSR Committee and decision by the Board of Directors.
1. Utilizing unused resources (low-grade/hard-to-process ores)
2. Development of new applications and effective use of by-products
3. Exploration and development of new resources
4. Energy conservation at SMM business sites
5. Development of products and technologies that contribute to reducing environmental impact
6. Respect for nature preservation areas
7. Preservation and restoration of ecosystems in areas where we do business
8. Minimizing chemical substance emissions into the air, water, and soil
(including in our portfolio companies and supply chain)
9. Reduction of release and transfer volume of chemical substances
10. Waste management
11. Community investments
12. Local hiring
13. Local procurement
14. Utilization of partnerships
15. Management of closed mines
16. Recovery support for areas affected by devastating disasters
17. Human resources development
18. Diversity and equal opportunity
19. Protection of employees’ human rights
20. Avoidance of contributing to human rights infringements with our supply chain
21. Respect for the rights of indigenous populations
22. Ensure safety
23. Secure occupational health
24. Engagement with local communities
25. Engagement with employees
26. Communication with shareholders and investors
As a result of verifying process to determine material issues, the boundaries have been established as follows. Any other boundaries apply to the SMM Group (see p. 1 for the Group’s scope).