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*The information below is stated in [TAISEI VISION 2030] Achievement Plan / Medium-Term Business Plan (2024-2026) published on 13th of May 2024. Our sustainability website will be fully renewed around December 2024.
Taisei Group’s Materiality
In May 2024, in conjunction with the formulation of the [TAISEI VISION 2030] Achievement Plan and the Medium-Term Business Plan (2024-2026), we reviewed materiality, as well as its positioning in our structure of values and policies. At the same time, in light of the latest sustainability issues, we have also reviewed materiality from the two aspects of “the impact of environment and society (stakeholders) on corporate activities and corporate finances (risks and opportunities)” and “the impact of corporate activities on the environment and society (risks and opportunities).”
＜Materiality Identification Process＞
Materiality issues were identified through the following process:
- 1）A working group consisting of the Corporate Planning Division, Sustainability Division, and outside experts identified 482 sustainability issues from the SDGs, SASB Materiality Map by industry, and other sources, and consolidated similar issues into 123 items.
- 2）The working group narrowed down the issues of potential importance to Taisei Group to 15 items from the perspective of risks and opportunities for the Group and the society.
- 3）The following five items were identified as materiality issues that encompass all issues based on the results of interviews with management, a questionnaire to Taisei Group employees, a questionnaire to our core subcontractors, and the opinions of the Corporate Culture Reform Working Group.*
- 4）After prior deliberation by the management meeting, the Board deliberated and decided on the materiality issues.
Each materiality are incorporated into the measures in the [TAISEI VISION 2030] Achievement Plan, and key performance indicators (KPIs) have been defined in the Medium-Term Business Plan (2024-2026) so we can work on them in an integrated manner with our business strategies.
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- *In October, 2023, by fundamentally reviewing sense of values, working styles and the company atmosphere / custom when working, and the Corporate Culture Reform that creates foundation of the new Taisei Group started. Its Working Group members were selected through company-wide internal recruitment.
KPIs
KPIs regarding individual materiality is stated in the [TAISEI VISION 2030] Achievement Plan / Medium-Term Business Plan (2024-2026). As to details, please refer to the link below.
Of these, an "implementation rate of 8 days site closure per 4 weeks" for construction worksite was also set as a KPI prior to the May 2024 review. We worked to achieve this KPI by setting a lofty goal of 100% implementation for FY2023, unfortunately the expected goal was not achieved. Despite these circumstances, we recognize that reducing long working hours and ensuring workers take holidays are pressing issues not only for the Group but also for the entire construction industry, including the supply chain, and that the implementation of 8 days of site closure every 4 weeks is one of the most effective measures to address these issues.
We will continue to work with the supply chain to improve productivity and increase efficiency in construction work, including mechanization and automation, with the goal of 100% implementation, and will work with industry associations to achieve this goal with the understanding of our customers.
Materiality, and Initiatives for Medium-Term Business Plan
We will strive to reduce and prevent risks through the main implementation measures of the Medium-Term Business Plan and develop business opportunities. Risks and Opportunities regarding individual materiality will be published around December 2024.
