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Materiality and Indicators
Value Creation and Management StrategiesMateriality
To drive YKK APʼs sustained growth, we have conducted a review of our Materiality (Priority Issues) in FY2024 based on our Purpose. We have established a system for promoting Materiality and are further advancing specific initiatives by setting KPIs.
| "Human Resources" to Support Sustainable Growth | "Monozukuri" to Support Resolution of Social Issues through Products and Competitiveness | "Trust/Reliance" to Fulfill Social Responsibility |
|---|---|---|
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"Human Resources" to Support Sustainable Growth
- Diversity & Inclusion
- A Fulfilling and Employee-Friendly Workplace
- Talent Development for Value Creation
- Respect for Human Rights
"Monozukuri" to Support Resolution of Social Issues through Products and Competitiveness
- Products/Services which Continue to Solve Social Issues
"Trust/Reliance" to Fulfill Social Responsibility
- Fair Business Practices
- Resilient Business Foundation
- Co-Existence with the Environment
The Approach to Identifying Materiality Issues
We conducted repeated discussions from both a management perspective and a social perspective, focusing on the three key elements that constitute our Purpose.
Three Key Elements of the YKK AP Purpose
- The "Human Resources" to support sustainable growth, indicated by "The Spirit of Curiosity and Exploration,"
- The resolution of social issues through products and the "Monozukuri" at its source, indicated by "Art and Technology" and "Architectural Products of True Value,"
- "Trust / Reliance" to fulfill our social responsibility, indicated by "Connecting People to the Planet and the Future."
Materiality Identification and Review Process
As part of the Materiality review process, we identified issues from the following perspectives.
Issue Perspectives
- Confirmation of Alignment with the YKK AP 7th Mid-Term Business Policy
- Employee Awareness survey (Engagement survey)
- Materiality of Business Partners
- The Global Risks Report, SASB, SDGs
The issues identified were analyzed and considered comprehensively based on two evaluation criteria: "Importance to Stakeholders" and "Impact on Business." We determined the importance of each item based on a matrix evaluation that took both perspectives into account, and then ranked the Materiality options in order of priority.
We re-examine and evaluate the importance of Materiality options and the suitability of the identification process with input from external experts. The final list of Materiality options is then compiled after consultations with directors.
The final Materiality was determined through discussions at Management Meetings and reports to the Board of Directors.
Materiality-Based Initiatives
In line with the start of our 7th Mid-Term Management Plan, we reviewed our Materiality (Priority Issues). To promote these initiatives, we have established promotion departments for each Materiality Issue, and are working to achieve our goals through the implementation of our 7th Mid-Term Management Plan.
- The missing parts of the table can be viewed by sliding the cursor to the side.
Extent of Coverage
- YKK AP (non-consolidated)
- YKK AP Group (Japan)
- YKK AP Group (Japan and overseas)
*1 The survey was conducted for large-lot business partners and business partners that handle particularly important materials and components
*2 <<Comparison baseline>> Japan, China: FY2013 / U.S.A.: 2020 Georgia Energy Code
Materiality Promotion System
We have established a promotion department for each Materiality and are stepping up our initiatives accordingly. Furthermore, the Sustainability General Meeting, chaired by the President, consists of the Environmental Policy Board Committee, which focuses on the Environment, the Human Rights Working Group (WG) within the Compliance Committee, which focuses on Social Issues, the Human Resources Policy Committee, the General Administration Department, the Compliance Committee, which focuses on Governance, and the Chief Risk Management Officer (CRO). The "Materiality Promotion Working Group," which reports directly to the Sustainability General Meeting, conducts Materiality efforts and manages KPIs in cooperation with the Sustainability General Meeting and the promotion department for each Materiality.
The Sustainability General Meeting meets twice a year, and progress reports are submitted to senior management and the Board of Directors, which supervises the committeeʼs activities. The committee reviews Materiality on a regular basis in line with the formulation of the Four-Year Mid-Term Management Plan.