Sustainability Strategy
TBM has identified 12 material issues that should be addressed in order to contribute to solving environmental and social problems and continue to create value. In addition, we have established the Sustainability Committee chaired by the CEO for sustainability-related initiatives.
Materiality
TBM has identified 12 material issues for sustainable value creation based on stakeholder expectations. We categorize the 12 material issues by 4 categories: the combination of the three elements of ESG, which are used by investors aiming for long-term responsible investment, and business enabler (BE), which accelerates these initiatives.
Materiality
| Category | Material Issue |
|---|---|
| Environment (E) | Resource |
| Water | |
| Climate | |
| Biodiversity & Ecosystem Services | |
| Society (S) | OHS & Well-being |
| Talents | |
| Diversity & Inclusion | |
| Collaborations with Communities | |
| Governance (G) | Transparency |
| Anti-corruption | |
| Business Enabler (BE) | Supply Chain |
| Innovation |
Materiality identification process
The core of TBM'smateriality identification is continuous improvement. As its first version, we identified our materiality issues for the first time through the 4 steps conducted in 2018 and 2019.
- Internal and external environmental analysis of the company
- Interview with sustainability experts
- Research on Reporting Standards: IIRC, GRI, SASB, etc.
- Benchmark research on the material issues of leading companies: chemicals, containers and packaging, paper/forest products, building materials
We will consider to conduct materiality mapping through the exchange of opinions with stakeholders, which is often carried out in the materiality identification process. The next review is scheduled for 2023 or later.
SDGs &TBM
TBM supports the SDGs and aims to contribute to them through our business. Based on Goal 12 of the SDGs “Responsible Consumption and Production”, Goal 6 “Clean water and sanitation”, Goal 13 “Climate action”, Goal 14 “Life below water”, Goal 15 “Life on land”, Goal 8 “Decent work and economic growth”, and Goal 9 “Industry, innovation and infrastructure". Since we believe that collaboration with our stakeholders allows us to contribute to any of these goals, we also place importance on Goal 17 "Partnerships for the Goals."
Sustainability Management System
In order to incorporate sustainability into both management decision-making and business execution, initiatives are promoted in close cooperation with the Sustainability Committee, Sustainability Division, and teams in each division, site, and theme.
System
Sustainability Committee
At TBM, the Sustainability Committee, chaired by the Representative Director and CEO, meets once every quarter. This committee consists of the CEO, Chief Sustainability Officer (CSuO), Sustainability Department, and external advisors.
- Agenda
- Quarterly Review/Next Plan
- TBM's stance on changes in the external environment
- Management system construction/operation image, etc.
Sustainability Lab
Sustainability Lab is held for TBM members who want to learn more about sustainability and work on it. As of November 2022, a total of 87 people have participated in the Lab.
