Identifying the Materiality

Process of Identifying Materiality

When formulating our 2024 Medium-Term Business Plan, we reviewed our materiality based on changes in the external environment surrounding our management.
The newly identified and organized issues requiring action were assessed in terms of importance by 16 external stakeholders (three investors, five business partners, one NGO, three Advisory Board Members, and four Outside Directors) and 11 key members of the Company. Based on this result and repeated discussion among board members, given comprehensive consideration on their relation to the Morinaga Group's management and business operations, we have identified five materialities.

Materiality Identification Process

Importance Matrix of the Initiative Theme and the five identified materialities are as follows:

Importance Matrix of the Initiative Theme