Murata’s key issues originating from social issues
With the digitization of all types of objects, the potential for business opportunities that will lead to future growth is greatly expanding. Meanwhile, environmental and social risks are becoming increasingly serious, and in order for companies to grow sustainably, we believe that it is our duty to incorporate non-financial issues such as ESG into our management strategies and prioritize harmonization with Murata’s stakeholders as we do business. Therefore, we considered fiscal 2019 as a period for reevaluating once again the relationship between social issues and Murata as well as our areas of contribution and started identifying key issues (hereinafter, "material issues") originating from social issues.
Basic policies on identifying material issues
In our work on social issues thus far, Murata has adopted an approach of “taking the initiative for the better environment and society” defined by our slogan “Innovator in Electronics.” This identity shall be shared and valued by all employees of the Murata Group around the world. We will continue to value this ideal. Murata’s basic policy is to contribute to resolving social issues through its business operation.
Murata’s material issues
We have defined the fields that we should focus on as issues of materiality. At the same time, we have identified key issues by classifying them into two aspects; resolution of social issues through business (opportunities) and handling of social issues in business processes (risks). We will continue to improve our corporate value by contributing to the resolution of social issues through innovation generated by Murata’s technologies as well as by constantly monitoring and improving the impact on society to be caused through our business activities.
Process of identifying material issues
We extracted approximately 100 social issues from SDGs, global risks, and Murata issues and scored each item based on the importance for Murata's business in terms of both risk and opportunity and the importance for stakeholders. In addition, the issues were debated within the CSR Management Committee chaired by the President to identify 11 key issues (material issues), which were decided by the Board of Directors.