Identification Process

History of Materiality Identification

Conventional
■Managing the Five Key Issues
Identified challenges in the area of CSR as our five key issues, and promoted related initiatives.
FY 2021
■Identifying the five key issues (materiality)
During the formulation of NH Foods Group Vision 2030 and Medium-Term Management Plan 2023, we incorporated the perspective of solving social issues through our business, and reviewed and identified the five existing key issues as the five areas of materiality.
FY 2024
■In conjunction with the formulation of NH Foods Group Medium-Term Management Plan 2026, we reviewed and identified the five areas of materiality in consideration of changes in the business environment along with the social conditions encompassing the Company.

Review and identification process

In reviewing and re-identifying materiality, we evaluated and examined the issues from both our stakeholders' and our own perspectives. In addition, we took into account international trends, initiatives and other social demands, and the business environment and social conditions encompassing the NH Foods Group, as well as the challenges in Medium-Term Management Plan 2026.

Step 1: Comprehensively identify ESG issues
Comprehensively identify ESG issues based on GRI, ISO 26000, SDGs, industry-specific issues (SASB, SBT FLAG), domestic and international social issues, livestock industry-specific issues, and issues faced by the Company.
Step 2: Classify issues by theme
Classify and organize the issues identified in Step 1 by theme.
Step 3: Conduct materiality assessments
Conduct interviews with Sustainability Promotion Committee members regarding the ESG issues classified and organized in Step 2. The ES Subcommittee, a supporting organization under the Sustainability Committee, also conducts materiality assessments. The following perspectives are considered when assessing materiality.
Our Company:
Consistency with profits, costs, reputation, compliance, and business strategies
Stakeholders:
Consumers, customers, business partners, governments, shareholders/investors, global environment, employees, local communities, international society

Also extract operational and other issues related to the areas of materiality identified in 2021, and investigate points that need to be revised in conjunction with the results of the materiality assessments.

Materiality Assessment Mapping: Identify materiality candidates through materiality assessments
Materiality Assessment Mapping: Identify materiality candidates through materiality assessments
Step 4: Validate
Before ultimately receiving approval from the Board of Directors, the areas of materiality identified based on the materiality assessments are validated by the Sustainability Committee and by a council composed of executive officers.