Materiality
Purposes of identifying materiality
Our materiality issues link directly to our Vision, leading us to contribute to a sustainable society
In 2020, FSG identified nine materiality issues that it should tackle to contribute to realizing a sustainable society and defined their connection with the SDGs. * These materiality issues are annually reviewed in cooperation with outside directors from the perspective of whether they match social requirements. The qualitative targets and KPI targets set for each of the materiality issues are also updated.
*SDGs: 17 Sustainable Development Goals set for 2030, included in a resolution adopted at the United Nations Sustainable Development Summit
Participation of outside directors in the materiality identification process
The outside directors participated in discussions for materiality identification from the beginning of those discussions in January 2020. Their views from both external and long-term perspectives greatly helped us notice matters that we had not been able to do so from an internal perspective alone, and made the long period of discussions even more productive.
The outside directors commented respectively as follows: "Since the materiality issues were identified, the content of documents submitted to the Board of Directors has matched those issues. Management issues correspond with the materiality issues," "FSG’s businesses per se closely conform with the SDGs, and the connection established between the materiality issues and the SDGs has enabled all those involved to tackle those issues," "Steady efforts to address the materiality issues will bring better financial results. I believe that management indicators are closely related to the materiality issues," and "Employees' work satisfaction and the practice of materiality are both drivers of FSG's businesses."
Latest update of the nine materiality issues
Development of people-friendly packaging materials
FSG aims to be a company that provides value to society through packaging and continues to be needed by society.
We believe that it is important that individual employees are able to realize their contribution to society by developing and providing people-friendly packaging materials for customers and carry out product development and production with sense of pride.
Development of environmentally friendly products
FSG acknowledges that it is an important issue common to all humankind to manufacture environmentally friendly products in an environmentally friendly manner.
We will therefore develop environmentally friendly products and achieve the environment-related goals of FSG as well as of our customers through our business activities.
Sustainable growth
FSG believes that the growth of employees who share its values is fundamental to the sustainable growth of the company. To promote their growth, we will establish and improve a business system and related environment that ensure a safe and healthy life for employees by actively introducing advanced technology. We also provide opportunities for employees to develop themselves under a fair and equitable evaluation system so that they can continue to make use of their abilities. It is our desire to continue to be a business partner that keeps growing together with our suppliers and customers.
Speedy launch of newly developed products
The strength of FSG is to be able to develop packaging materials and equipment for them together.
The source of skills that support our strength is the ability to satisfy customer demands by combining various technologies and to evaluate and verify what we have done. This ability enables us to realize the short-term launch of newly developed products.
Creation of next-generation businesses
FSG is involved every day in creating new packaging materials according to changes in containers and logistics modes, and we endeavor to keep up with evolutions in the packaging market. As an example, we put to practical use 20 µm-thick packaging materials and biomass-based film before the rest of the world. It is essential for us to create new-generation businesses, taking advantage of our strengths, along with technological evolution.
Fair and transparent transactions
FSG places emphasis on conducting reliable transactions with suppliers and customers. We believe that it is important to engage in fair and transparent transactions by comprehensively selecting business partners in consideration of their product prices as well as their quality control system, quality assurance system, experience, abilities, achievements, and social aspects.
Promotion of information security measures
FSG protects and properly manages information provided by customers and suppliers and employees' personal information. We also believe that it is important to eliminate the risk of cyberattacks for business continuity.
Open dialogue with stakeholders
FSG promotes increasing engagement with stakeholders through disclosing non-financial information in addition to financial information. We believe that it is particularly important and useful to clarify mutual expectations, boost mutual trust through dialogue, and respond to their expectations.
Stable supply (including BCP)
FSG is engaged in businesses positioned as essential businesses, such as beverages, HPC (home personal care), and medical care. Since products in these businesses are essential to social life, we believe that it is our social responsibility to ensure a stable supply of these products both at ordinary times and during emergencies.