In “Group Management Policy 2019”, the IHI Group defined our approach as one that adapts to changes in the social environment from long-term perspectives. “Project Change” incorporates the basic concept of the Group Management Policy to tackle social issues and issues of our customers directly, ultimately realizing our goal.
Material Issues
The IHI Group has identified material issues to be prioritized to achieve sustainable growth as a company and realize a sustainable society.
As part of Project Change, formulated in 2020, the IHI Group is striving to “Create a world where nature and technology work in unity” in the near future. By setting this goal, the social issues the Group need to address along with the values it aims to provide have been clarified. The Group has re-identified and revised its material issues according to the significance of each of the social issues to address with the goals of becoming carbon-free, disaster prevention and mitigation, and materializing fulfilling lifestyles.
Subsequently, IHI Group ESG Management announced in November 2021 aims to address the global challenge of climate change, respect the human rights of those involved in the Group’s businesses, and empower diverse human resources as the driving force behind value creation. The Group has identified particularly important issues that should be prioritized as ensuring that its human resources are active and earning trust from its stakeholders through integrity management.
Particularly Important Issues of ESG Management
Identification Process of Material Issues
The IHI Group identifies material issues through the following process in an effort to achieve a sustainable society and sustainable Group growth.
Identify Material Issues According to Our Sustainability Goal
Extract issues
Social issues, recognized worldwide, are extracted
Confirm the conformity of social issues
Each social issue extracted in Step1 is verified regarding its conformity to internal corporate policies and/or other unique company traits
Identify material issues
Considering Step1 and Step2, a total of 16 material issues have been identified.
The IHI Group knows that living up to the expectations of stakeholders and earning their trust is vital to drive the sustainable growth of both customers and society.
The Basic Code of Conduct for the IHI Group defines the practices necessary to embody this belief.
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