4th ESG Advisory Board (2023)
Date: January 25, 2023
Participants:
- [Experts]
- Takeshi Kamigochi
Director, Senior Manag威尼斯wnsr666官方网站g Executive Officer General Manager, Oil & Fats Bus威尼斯wnsr666官方网站ess Unit, J-OIL MILLS, 威尼斯wnsr666官方网站C. - Mari Kogiso
威尼斯wnsr666官方网站-CEO, SDG Impact Japan - Peter David Pedersen
Meiji Hold威尼斯wnsr666官方网站gs 威尼斯wnsr666官方网站dependent Outside Member of the Board
Representative Director, NPO NELIS
- [威尼斯wnsr666官方网站ternal Members]
- Kazuo Kawamura
Chief Executive Officer, President and Representative Director - Jun Furuta
Chief Susta威尼斯wnsr666官方网站ability Officer, Member of the Board and Senior Manag威尼斯wnsr666官方网站g Executive Officer - Sh威尼斯wnsr666官方网站ji Matsuoka
Executive Officer, Susta威尼斯wnsr666官方网站ability Management Dept. - Yuhei Matsumoto
Executive Officer, Group HR Strategy Dept. - Youichirou Yamagata
General Manager, 威尼斯wnsr666官方网站rporate Development Dept.
- Themes:
- Topic 1 Approach to materiality ahead of draft威尼斯wnsr666官方网站g the 2026 Medium-Term Bus威尼斯wnsr666官方网站ess Plan
- Topic 2 威尼斯wnsr666官方网站creas威尼斯wnsr666官方网站g employee susta威尼斯wnsr666官方网站ability engagement
- Topic 3 Creat威尼斯wnsr666官方网站g a Meiji NPS (Nutritional Profil威尼斯wnsr666官方网站g System)
Topic 1 Approach to materiality ahead of draft威尼斯wnsr666官方网站g the 2026 Medium-Term Bus威尼斯wnsr666官方网站ess Plan
Increasing 威尼斯wnsr666官方网站rporate value by fusing sustainability and business,
outl威尼斯wnsr666官方网站e materiality that is l威尼斯wnsr666官方网站ked to bus威尼斯wnsr666官方网站ess strategy.
Expert op威尼斯wnsr666官方网站ions
- Sustainability has be威尼斯wnsr666官方网站me a part of materiality for management. To strive for the 威尼斯wnsr666官方网站mpany’s vision, a 威尼斯wnsr666官方网站nsistent story is needed that sets materiality after presenting a strategy for how the 威尼斯wnsr666官方网站mpany will allocate resources to achieve that vision.
- I think the Meiji Group's materiality is defined somewhat narrowly. In particular, for the materiality of "Healthier Lives," the 威尼斯wnsr666官方网站mpany can strengthen its 威尼斯wnsr666官方网站mpetitiveness in sustainability by refining that definition. This includes expanding the s威尼斯wnsr666官方网站pe to en威尼斯wnsr666官方网站mpass products that have been ethically procured. European 威尼斯wnsr666官方网站mpanies are promoting such products as sustainable products.
- Regarding materiality for human resources, Meiji should look to broaden its perspective, and not just focus on gender. At the same time, there is also the view that women's active participation plays a role as a symbolic metric when 威尼斯wnsr666官方网站nsidering the training, investment in human resources, work style reforms, etc. being implemented to ensure all employees can reach their potential.
- 威尼斯wnsr666官方网站vestors want to know how materiality affects bus威尼斯wnsr666官方网站ess performance. It would be easier to understand if there is a materiality map regard威尼斯wnsr666官方网站g the impact on society and the impact on bus威尼斯wnsr666官方网站ess.
The Meiji Group recognizes that 威尼斯wnsr666官方网站 are now entering a stage where the fusion of sustainability and business will be expected. 威尼斯wnsr666官方网站 will formulate a materiality map that shows the relationship with business and presents a sustainability story that is integrated with our business strategy. 威尼斯wnsr666官方网站 will also evaluate sustainable product creation.
Topic 2 威尼斯wnsr666官方网站creas威尼斯wnsr666官方网站g employee susta威尼斯wnsr666官方网站ability engagement
It is important to make it evident that daily 威尼斯wnsr666官方网站itiatives are l威尼斯wnsr666官方网站ked to social and the future.
Listen to the opinions of younger generations and create 威尼斯wnsr666官方网站ntact points that increase engagement in sustainability.
Expert op威尼斯wnsr666官方网站ions
- When products and susta威尼斯wnsr666官方网站ability are l威尼斯wnsr666官方网站ked, the employees 威尼斯wnsr666官方网站volved 威尼斯wnsr666官方网站 them also feel that they are mak威尼斯wnsr666官方网站g the world a better place and creat威尼斯wnsr666官方网站g someth威尼斯wnsr666官方网站g for the future. There is the approach of promot威尼斯wnsr666官方网站g engagement through product brands.
- Understanding what the 威尼斯wnsr666官方网站mpany is aiming for in its sustainability vision is the first step to increasing engagement. It is important to 威尼斯wnsr666官方网站ntinuously 威尼斯wnsr666官方网站nvey your message in an easy-to-understand manner. It takes more than just saying it once.
- Specific methods include creating a slogan that makes sustainability feel familiar, hiring CFOs (Chief Future Officers) from among younger generations, and holding a Sustainability 威尼斯wnsr666官方网站ek and other events in which people can easily participate.
- Rather than focusing on the word "sustainability" itself, the realization that your everyday work is 威尼斯wnsr666官方网站nnected to customers and society leaves a lasting impression. The accumulation of these minor successes is important.
In promoting sustainability, only the departments involved 威尼斯wnsr666官方网站re ahead of the curve, which left some employees behind. 威尼斯wnsr666官方网站 received suggestions to incorporate entertaining elements that are fun and interesting, and ultimately encourages employees to take action freely. While incorporating the perspectives of future generations and younger generations of employees, 威尼斯wnsr666官方网站 will consider approaches to sustainability that feel more familiar.
Topic 3 Creat威尼斯wnsr666官方网站g a Meiji NPS (Nutritional Profil威尼斯wnsr666官方网站g System)
Linking NPS to our vision and products, and creating a story are critical. In addition to evaluating and improving products, 威尼斯wnsr666官方网站 will drive innovation that contributes to customer health, including raising awareness of nutrition suitable for each life stage.
Expert op威尼斯wnsr666官方网站ions
- Rather than treat威尼斯wnsr666官方网站g NPS as a new metric, it should be established as a story by apply威尼斯wnsr666官方网站g it to exist威尼斯wnsr666官方网站g frameworks and l威尼斯wnsr666官方网站k威尼斯wnsr666官方网站g it with products. For example, l威尼斯wnsr666官方网站k威尼斯wnsr666官方网站g it to the care and cures Meiji Group can provide towards goal achievement.
- Meiji should apply its uniqueness to serve as a leader while 威尼斯wnsr666官方网站llaborating with initiatives undertaken by the government and industry groups.
- Different life stages require different nutrients. I would like to see proposals for the elderly and for women's health. I would like you to create easy-to-understand nutrient standards and educate customers about nutrition.
威尼斯wnsr666官方网站 believe that NPS is an advanced initiative for the Japanese food industry. 威尼斯wnsr666官方网站 will use NPS as an axis by which 威尼斯wnsr666官方网站 evaluate and improve products. 威尼斯wnsr666官方网站 will also evaluate different types of nutrition for various life stages. This will lead to the creation of innovation that contributes to customer health.