Sustainability | Sustainability Management | TDK Group's MaterialityMateriality Identification Process
The Materiality Identification Process
The TDK Group’s materiality was identified through the following steps.
Understanding and organizing the issues
An internal draft was prepared based on the SDGs, GRI, RBA (Responsible Business Alliance), and survey items of leading ESG rating agencies; issues raised in the Group’s long-term strategy review materials; risks reported in the annual securities report; our key CSR issues and other information.
Gathering outside opinion
We gathered opinions on our draft materiality through dialogues and written opinions. These can be seen here.
We prepared another internal draft based on the outside opinions. The completed draft was discussed again by the Executive Committee, and once approved was submitted to the Board of Directors. To achieve the goals of our Medium-Term Plan for fiscal 2022-2024, we decided to take a full-scale approach to engaging in these key issues, which should be addressed by giving them top priority in investment of the organization’s management resources.
We began by assigning a division to take responsibility for each materiality theme. Under the leadership of those divisions, we then developed a vision for three years hence, items to be implemented to achieve that vision, divisions responsible for implementing those items, KPIs, and target figures. These were finalized through discussions with management. Each division reports to management monthly on its progress, and works to continually improve their efforts through implementation of a PDCA cycle.