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Tokyu Fudosan Holdings Group's CSR

Identification of Materialities & Opportunities and Risks

Identification of Materialities & Opportunities and Risks

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When formulating the Medium-Term Management Plan, the Tokyu Fudosan Holdings Group identified key social issues that will be important to the Group over the long term and then identified materialities while taking into consideration the opinions of experts with advanced

When formulating the Medium-Term Management Plan, the Tokyu Fudosan Holdings Group identified key social issues that will be important to the Group over the long term and then identified materialities while taking into consideration the opinions of experts with advanced knowledge regarding the low birthrate and aging society, lifestyles, the environment, work styles, and ESG investment. We verified opportunities and risks in our business activities associated with these key issues with an awareness of social problems that affect the Group. In order to achieve sustainable increases in value, we will undertake measures to address social issues through our business activities in accordance with the Value Frontier 2020 Medium-Term Management Plan.

Selection Process

Step1Determination and organization of social issues

When identifying key issues, the Group ascertained social issues while making reference to the Group’s management plans, the GRI Guidelines, ISO 26000, the Sustainable Development Goals, issues recognized by the Japanese government and economic organizations, and other information, and generated a long list comprising 470 items.

(Fig)SDGs: 17 goals to transform our world
Step2Integration and consolidation of issues

We integrated and consolidated the 470 social issues by organizing similar items and taking into account relevancy to the Group. Based on the results, we tentatively evaluated importance based on relevancy to the Group’s value creation process and stakeholder expectations and demands and identified 31 materialities.

Step3Interviews of management staff and experts

We conducted interviews of management staff and experts with high levels of knowledge in specialized fields. We also gathered opinions regarding the importance of social issues from within the Company and society.

Management Comment
President and Representative DirectorYuji Okuma
  • Sound and sustainable management requires an emphasis on the opinions of independent outside directors, arrangement of issues, and investigation of the details of measures.
  • Sound and sustainable management requires an emphasis on the opinions of independent outside directors, arrangement of issues, and investigation of the details of measures.
Director, Operating OfficerHironori NishikawaResponsible for general administration divisions
  • In a society with an aging population and advances in the Internet of things (IoT), business will be born from services that combine various issues and can be provided in an integrated manner
  • When engaging in the resort business, it is necessary to take measures to mitigate environmental impact from business activities with regard to the issue of climate change.
 
Specialized Field Expert Comment
Low Birthrate, Aging SocietyTomoo MatsudaResearch Director and Chief Producer
Platinum Society Center, Mitsubishi Research
Institute, Inc.
  • It is important to create business from means of preventing the elderly from needing nursing care (such as sports, diet, and lifelong learning)—in other words, the perspective of preventing rather than addressing issues.
  • In an aging society, there is potential for the Internet of things (IoT) including the use of big data relating to health to play extremely important roles and become a new growth business.
Living/LifestylesResearch institution (anonymous)
  • It is important to consider what type of space people will come to in order to spend their time.
  • Businesses need to realize that minority groups are becoming the majority (e.g., unmarried persons, double-income no-kids households, at-home workers)
EnvironmentShiro WakuiProfessor, Department of Environmental and
Information Studies, Tokyo City University
  • Platform-like spaces and services that can change flexibly according to the diversity of individual consumers will be expected in the future.
  • The key is how to create value with environmental measures.
Work StylesKeiko TsuchiyaGeneral Manager, Personnel Division and Director,
Adecco Ltd.
  • With regard to changes in work styles, emphasis will be placed on flexible working styles not limited to a single site, such as work from anywhere (a work style whereby employees can work not just at a single office, but also at home, satellite offices, and other locations).
  • As society becomes increasingly diverse, there will be calls for this to be reflected in buildings and the environment.
ESG InvestmentMasaru AraiChairman,
Japan Sustainable Investment Forum (JSIF)
  • What is currently being emphasized with regard to ESG investment is governance. Whether boards of directors are functioning properly is being called into question.
  • Policies, plans, and structures must be formulated, PDCA implemented, and the information disclosed.

* Titles are as of June 2016 when the interviews were conducted.

Step4Identification of Materialities

Based on the interview results, we verified the appropriateness of the importance of each issue that should be prioritized by the Group. The evaluation results were plotted and organized as a materiality map and categorized into seven groups.

The materialities were reported to the Board of Directors by the CSR Promotion Committee and identification was finalized.

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Materialities of the Tokyu Fudosan Holdings Group TOKYU

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