Guided by the meaning of "&", "to generate new value through cooperation, coexistence and co-creation, we forge ahead innovating" Mitsui Fudosan is working toward the "creation of social value" and the "creation of economic value" as two wheels of a cart. Creating social value leads to the creation of economic value, which in turn leads to the creation of even greater social value.
The Company identified GROUP MATERIALITY as a priority issue when formulating its new management philosophy in April 2024. Moving forward, we will contribute to sustainability by addressing this issue through our core business.
Mitsui Fudosan has clarified its thoughts on six materialities, including the identification of social issues, that reflect the perspectives of various stakeholders.
Undertake an assessment and rank the materiality (areas of interest and expectations) of the 24 categories identified from the perspectives of the Group's stakeholders (including customers, employees, shareholders, public authorities, NGOs, external evaluation organizations).
Undertake an assessment and rank the materiality (the impact on and contribution to the Group) of the 24 categories identified taking into consideration such factors as the external environment in which the Group operates and the Group's strengths.
Map each issue with the STEP 2 assessment as the vertical axis and the STEP 3 assessment as the horizontal axis (Diagram 2).
Identify the "18 important items" that the Group should specifically address, taking into consideration both the social and Company's perspectives.
![[Diagram 2: Social Issue Matrix]](/english/esg_csr/img/approach/materiality/img_01.svg)
Classify 18 important social issues and identify materialities that express each theme. The Board of Directors headed by the Chairman, and The Executive Management Committee headed by the Chief Executive Officer, hold deliberations on Group Materiality, after which decisions are made.
We received the candid opinions of experts with diverse backgrounds and expertise on identifying materiality, which were reflected in the materiality identification process.
