Materiality
2025.5.9
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Sustainability
Sustainability Management
Materiality
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The Japan Steel Works Group Standards of Corporate Conduct
Non-financial data
In November 2022, the Company’s Board of Directors identified six key issues (Materiality) to prioritize in order to embody our Purpose. Before formulating the new medium-term management plan JGP2028, we established sustainability targets as a scenario for achieving sales of 500 billion yen in fiscal 2033, a decade from now. We believe resolving material issues is vital to achieving this.
Of JGP2028’s four basic policies, we view “sustainable improvement of value of existing businesses” and “creating and nurturing new businesses” as leading to the resolution of three material issues, “realization of a plastic-resource-recycling society,” “contribution to a low-carbon society,” and “contribution to a super-smart society.” We believe that attempting to solving social issues through business will create both social and economic value, allowing for sustainable growth.
As shown under “State of major initiatives” in the table to the below, we have already provided multiple products that can resolve those three material issues. For “contribution to a super-smart society,” we will strengthen efforts, as doing so is expected to help solve such social issues as environmental problems and an aging population with a declining birthrate (including labor shortages). Specifically, we will accelerate the development of robotics using AI and make the Group’s industrial machinery products more intelligent.
Meanwhile, we will also bolster the management foundation needed to achieve our vision for fiscal 2033. Our efforts toward the basic policies of “expanding investment in intangible assets, including investment in human resources” and “strengthening corporate governance” will serve as actions to this end.
Regarding the material issue of human capital in particular, we have changed “D&I” to “DEI&B” based on our belief that “E” and “B” are essential in addition to traditional “D&I” for each employee to reach their full potential.
Materiality (Important Issues)
| Materiality | Reasons why considered to be of high importance | State of major initiatives | Related SDGs | |
|---|---|---|---|---|
| Creating value and solving social issues through JSW Group's businesses |
Realization of a Plastic-Resources-Recycling Society
|
As a general manufacturer of plastic processing machinery, JSW Group believes it extremely important to supply society with all manner of plastics processing machinery that achieves the 3Rs and is renewable. Leveraging our core competence to the maximum, we can demonstrate our strengths in the development and creation of plastic processing machinery that meets the demand of society. This is also a highpriority business expansion opportunity. |
Currently being provided
Renewable
Under development
Recycle
|
|
Contribution to a Low-Carbon Society
|
The realization of a low-carbon society is one of the most important challenges worldwide. Products created by JSW Group’s industrial machinery and products featuring its new materials have contributed to the reduction of CO2 emissions. Demand for such products is expected to increase in the future, which makes it a matter of high importance for the Group. In addition, our responsibilities include the reduction of energy consumption of our industrial machinery products and the curbing of CO2 emissions from the operations of our manufacturing sites. |
Currently being provided
Zero CO2 emissions
Under development
Reduce CO2 emissions
|
|
|
Contribution to a Super-Smart Society
|
In a super-smart society, such social issues as environmental problems and declining birthrates are expected to be resolved. JSW Group’s industrial machinery and new materials are involved in the manufacturing of electronic devices that make up digital infrastructure. Robotics with AI and intelligent industrial machinery will also play a central role in a supersmart society. That is why the Group’s product lines could serve as an essential part of a super-smart society. This is also considered to be a highly important business expansion opportunity for the Group. |
Currently being provided
Electronic Devices
Under development
Electronic Devices
|
|
|
| Bolstering JSW Group's Management Foundation for Sustainable Growth |
Human Capital Improvement and DEI&B
|
The diversification and expansion of our human capital, including the human resources capable of driving the Group’s growth, generating innovation, and creating value, is a matter of the highest priority and importance for strengthening JSW Group's management foundation. It is also important to create a work environment that enhances engagement. |
Human resource strategy to achieve the business portfolio strategy
Securing human resources that match the business strategy
Creating a work environment that increases engagement
Reform towards an organizational culture that encourages challenge
|
|
Investment in the Future with Innovation Management
|
In order for JSW Group to continue contributing to society, it is essential to maintain and strengthen its technological superiority by refining its core competence and expanding its business. Innovation is an essential factor for sustainable growth. It is important to promote digital transformation which supports data-based, rapid decisionmaking, business model innovation, and the creation of new value. |
Innovation management
Established Innovation Management Headquarters (April 2023)
Strengthen existing businesses through elemental technology development
Promote DX
|
|
|
Governance Reinforcement of JSW Group
|
For the sustained growth of JSW Group, it is important not only to further strengthen compliance and governance, but also to engage in dialogue with stakeholders. And supplying society with industrial machinery and new materials of high quality and superior reliability is the very foundation of JSW Group’s business and important to the further strengthening of its quality assurance structure and system. |
Corporate governance
Strengthen quality assurance system
|
|
Creating Value and Solving Social Issues through JSW Group’s Businesses
| Materiality |
|
Realization of a Plastic-Resources-Recycling Society |
|---|---|---|
| Reasons why considered to be of high importance | ||
|
As a general manufacturer of plastic processing machinery, JSW Group believes it extremely important to supply society with all manner of plastics processing machinery that achieves the 3Rs and is renewable. Leveraging our core competence to the maximum, we can demonstrate our strengths in the development and creation of plastic processing machinery that meets the demand of society. This is also a highpriority business expansion opportunity. |
||
| State of major initiatives | ||
|
Currently being provided
Renewable
Under development
Recycle
|
||
| Related SDGs |
|
|
| Materiality |
|
Contribution to a Low-Carbon Society |
|---|---|---|
| Reasons why considered to be of high importance | ||
|
The realization of a low-carbon society is one of the most important challenges worldwide. Products created by JSW Group’s industrial machinery and products featuring its new materials have contributed to the reduction of CO2 emissions. Demand for such products is expected to increase in the
future, which makes it a matter of high importance for the Group. In addition, our responsibilities include the reduction of energy consumption of our industrial machinery products and the curbing of CO2 emissions from the operations of our manufacturing sites. |
||
| State of major initiatives | ||
|
Currently being provided
Zero CO2 emissions
Under development
Reduce CO2 emissions
|
||
| Related SDGs |
|
|
| Materiality |
|
Contribution to a Super-Smart Society |
|---|---|---|
| Reasons why considered to be of high importance | ||
|
In a super-smart society, such social issues as environmental problems and declining birthrates are expected to be resolved. JSW Group’s industrial machinery and new materials are involved in the manufacturing of electronic devices that make up digital infrastructure. Robotics with AI and intelligent industrial machinery will also play a central role in a supersmart society. That is why the Group’s product lines could serve as an essential part of a super-smart society. This is also considered to be a highly important business expansion opportunity for the Group. |
||
| State of major initiatives | ||
|
Currently being provided
Electronic Devices
Under development
Electronic Devices
|
||
| Related SDGs |
|
|
Bolstering JSW Group's Management Foundation for Sustainable Growth
| Materiality |
|
Human Capital Improvement and DEI&B |
|---|---|---|
| Reasons why considered to be of high importance | ||
| The diversification and expansion of our human capital, including the human resources capable of driving the Group’s growth, generating innovation, and creating value, is a matter of the highest priority and importance for strengthening JSW Group's management foundation. It is also important to create a work environment that enhances engagement. | ||
| State of major initiatives | ||
|
Human resource strategy to achieve the business portfolio strategy
Securing human resources that match the business strategy
Creating a work environment that increases engagement
Reform towards an organizational culture that encourages challenge
|
||
| Related SDGs |
|
|
| Materiality |
|
Investment in the future with innovation management |
|---|---|---|
| Investment in the Future with Innovation Management | ||
|
In order for JSW Group to continue contributing to society, it is essential to maintain and strengthen its technological superiority by refining its core competence and expanding its business. Innovation is an essential factor for sustainable growth. It is important to promote digital transformation which supports data-based, rapid decisionmaking, business model innovation, and the creation of new value. |
||
| State of major initiatives | ||
|
Innovation management
Established Innovation Management Headquarters (April 2023)Strengthen existing businesses through elemental technology development
Promote DX
|
||
| Related SDGs |
|
|
| Materiality |
|
Governance Reinforcement of JSW Group |
|---|---|---|
| Reasons why considered to be of high importance | ||
|
For the sustained growth of JSW Group, it is important not only to further strengthen compliance and governance, but also to engage in dialogue with stakeholders. And supplying society with industrial machinery and new materials of high quality and superior reliability is the very foundation of JSW Group’s business and important to the further strengthening of its quality assurance structure and system. |
||
| State of major initiatives | ||
|
Corporate governance
Strengthen quality assurance system
|
||
| Related SDGs |
|
|
Identification Process
Assumed External Environment and
Related Risks and Opportunities
