Key Issues (Materiality)
In order to realize our purpose of “We want to make the world more baby- friendly by furthering our commitment to understanding and addressing babies’unique needs,” the Pigeon Group has identified the following key issues (materiality) to be addressed over the medium to long term, and conducts business activities accordingly.
- Key Issues (Materiality)
- What We Aim to Achieve
- Individual Issues
- SDGs Contributed to
Enhancing Business Competitiveness and Resilience
Related SDGs
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- What We Aim to AchieveBecoming an indispensable company by building a robust framework for the creation, production, and delivery of products and enhancing our corporate value over the medium to long term
- Individual Issues
- Supporting nursing babies
- Supporting healthy baby skin development
- Creating new businesses
- Releasing products that exceed customer expectations
- Building resilient distribution systems
Reducing our Environmental Impact
Related SDGs
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- What We Aim to AchieveImplementing the Pigeon Green Action Plan aimed at realizing decarbonization, a circular society, and coexistence with nature, to leave a rich earth for the future of babies born tomorrow
- Individual Issues
- Reducing greenhouse gas emissions (Scope 1, 2, and 3)
- Circular manufacturing
- Using sustainable resources (paper and palm oil)
Contribution to the Resolution of Social Issues
Related SDGs
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- What We Aim to AchieveHelping to resolve social issues aff ecting babies and their families
- Individual Issues
- New products and services for babies needing support
- Expanding the use of products designed for maternity hospitals
- Promoting responsible procurement
- Participating in and supporting communities
Managing Talent and Cultivating the Right Culture for Our Purpose
Related SDGs
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- What We Aim to AchieveCultivating an organizational culture in which diverse individuals resonate with the Pigeon Way and our Purpose; feel pride in the Company, their department, and their work; have an intrinsic motivation to contribute; and can embrace new challenges and express themselves to drive personal growth
- Individual Issues
- Working environments that achieve self-fulfi llment and growth
- Ambitious organizational culture
- Enriched investment in human resource development
- Promoting Diversity & Inclusion
Establishing Solid Management Foundations
Related SDGs
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- What We Aim to AchieveReinforcing our GHO/4SBU structure and enhancing our corporate governance framework to encourage ambitious endeavors to boost corporate value over the medium to long term
- Individual Issues
- Reinforcing Group governance
- Reinforcing compliance
- Reinforcing risk management
- Dialogue with stakeholders
Progress of Initiatives for the Key Issues (Materiality) and the Individual Issues
Key Issues (Materiality) identification and review process
In April 2019, the Pigeon Group identified the Key Issues (Materiality) for which it must find solutions in order to contribute to the development of a sustainable society through its business activities, thereby enhancing its corporate value.
In December 2022, in light of major recent changes in the social environment, Pigeon redefined its Key Issues (Materiality) in order to establish a basis for creating value, pivot to a business model that creates both economic and social value, and realize its Purpose.
Step 1: Selection of issues
1. Selection of social issues
The Group identified social issues in view of international standards and guidelines such as ISO 26000, the Global Reporting Initiative (GRI) standards and the Sustainable Development Goals (SDGs).
2. Selection of issues recognized by directors
Interviews were conducted with eight directors in October 2018.
—Issues relating to company management
·Business environment surrounding the Group and prospects
·Current business results, variations in results and factors in their variation
·Basic management policy (areas requiring strengthening and their background)
·Target states of medium-to-long-term future (medium-to-long-term vision)
·Recognition of the Group’s competitive advantages and weaknesses
—Items related to ESG/SDGs
·Evaluation and recognition of issues related to current ESG/SDGs efforts (including creating shared value (CSV))
·Target orientation and form of the Group’s ESG/SDGs efforts
·Main hurdles anticipated in reaching the target orientation and form
STEP2：Prioritization
The Pigeon Group examined the social and business environment along with risks and opportunities, prioritized issues in its value chain, and engaged in a series of discussions at meetings of its Sustainability Committee and Governance Committee about the issues that it must address in the medium to long term.
We selected Key Issues (Materiality), from the perspectives of their importance for building a sustainable society and for pursuing businesses that increase the Group’s corporate value.
Step 3: Identification of Key Issues (Materiality)
At a meeting of the Board of Directors, following final deliberations, the Pigeon Group’s Key Issues (Materiality) were identified.
