Priority Issues (Materiality)
The Process Executed for the Review and Deliberation of Materiality
Toward Achieving Sustainable Growth in a Way That Connects Social and Corporate Value
We aim to maintain the trust of society and customers and remain their financial group of choice. At the same time, we strive to secure the unwavering support of stakeholders, including shareholders and employees, even as we achieve sustainable growth. With this in mind, starting with the “future society we hope to realize” encompassed by the Purpose, the Resona Group has reviewed its definitions of materiality, which consists of social and management issues considered particularly important.
Here, we introduce important issues that should be tackled by the Group as well as concepts reflecting how we defined them.
The Resona Group’s Definitions of Materiality
Environmental and social issues the Resona Group needs to tackle first, as well as priority in-house management issues that must be addressed to ensure the future society it hopes to realize (“a Brighter Future”).
The Process for the Deliberation of Materiality
In the course of reviewing materiality, the Resona Group has identified the “future society it hopes to realize,” the “actions to be taken to realize it” and the factors that constitute priority in-house management issues. These ideas were determined with reference to the full text of the Group Purpose and the Corporate Mission.
We then deliberated issues that the Group should prioritize in the context of realizing “Retail No. 1,” its Long-Term Vision. These deliberations involved assessing relationships between current and future changes in society and what must be accomplished under an MMP yet to be formulated.
Thus, we have redefined materiality while simultaneously formulating the new MMP, with top management, including outside directors, playing their part in the above discussions even as they take heed of the full spectrum of employee opinions.
Our Positioning of Materiality
The Resona Group has positioned materiality as a key to connecting the “future society it hopes to realize”—itself naturally determined in line with the Purpose and Corporate Mission—with actions to be taken to effect this realization.
The future society we hope to realize
Keywords from the Purpose
“Reassuring,” “Hopeful,” and “Brighter Future”
Materiality
Actions to be taken
Keywords from the Purpose
“Alongside Each Region,” “Beyond the Framework of Finance,” and “Reform and Creativity”
Keywords from the Corporate Mission
“Transparent Management,” and “Customers’ Expectations”
Materiality Identified and Main Initiatives
| Materiality | Main initiatives |
|---|---|
| Development and vitalization of regional societies through industrial growth |
|
| Creation of next-generation retail finance |
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| Realization of security and abundance in daily life amid declining birth rates and aging societies |
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| Realization of an abundant future society spanning future generations |
|
| Strengthen human capital (Value creation and well-being) |
|
| Establish resilient governance |
|
Materiality and KPIs Identified
Please refer to pages 8, 18 and 19 of the following publication.
Reference: The Group’s previous definitions of materiality
Previously, the focus of our materiality considerations had consisted of the four items listed below. These were used to identify priority issues that should be tackled by the Resona Group to address environmental and social concerns in order to contribute to the realization of vibrant regional societies through financial services.
Please note that the articles currently available on our website that cover sustainability initiatives are based on previous definitions of materiality.
| Local Communities | Revitalization of Local Economies |
|---|---|
| Low Birthrate and Aging Society | Elimination of Anxiety Triggered by Low Birthrate and Aging Society |
| Environment | Response to Global Warming and Climate Change |
| Human Rights | Diversity & Inclusion |