Materiality
Based on the basic philosophy of sustainability, the Socionext Group evaluated the social issues to be solved and their importance for the group's business growth and identified the material issues to be addressed as priorities.
In order to flexibly respond to changes in global trends and the business environment and achieve sustainable growth, we will promote initiatives to address materiality throughout the supply chain.
Materiality Identification Process
In selecting the materiality, we extracted the materiality from the various stakeholders surrounding the group, including customers, partners, employees, local communities, and shareholders, and from each aspect of the group's business, based on the group's basic philosophy, and evaluated the materiality from both the perspectives of “stakeholders' expectations” and “importance to the group” in light of global requirements and standards such as SASB, WEF, and CSRD. The final decision is made after discussion by management and approval by the Board of Directors. In light of changes in the external environment and our group's business environment, we review the appropriateness of the materiality and the need to review it every year.
- Based on the group's "Basic Philosophy," material issues were extracted from the perspectives of "stakeholder expectations" and "business growth."
- The selected materiality was organized and evaluated on two axes: “expectations from stakeholders” and“ importance of the Socionext Group”.
- After discussion at the executive level, priority material issues are identified and approved by the Board of Directors.
Materiality Map
Thoughts on Each materiality
| Materiality to Address with Priority | The Group's Approach | Related Pages |
|---|---|---|
| Corporate Governance | Sound and transparent governance is the foundation for global business growth. | Learn More |
| Integrity and Compliance | A high sense of integrity and compliance are essential for global business development. | Learn More |
| (By pursuing new technologies) Contribution to Innovation |
Differentiating the Group's products and services is a necessary element for achieving medium- to long-term business growth and maximizing corporate value. | Learn More |
| Reducing of GHG Emissions | Contributing to the reduction of GHG emissions from our customers' products leads to solutions to social issues and business growth for the Group (through the provision of low-power and space-saving SoCs). |
Learn More |
| Sustainable Supply Chain | Advanced CSR management throughout the entire supply chain is essential for fabless business operations. | Learn More |
| Securing, Retention and Development of Human Resources |
In order to maintain global competitiveness, it is essential to secure and develop human resources who will lead technological development and create innovation. | Learn More |
| Empowerment and Engagement of Employees | Further business growth requires the creation of an environment and corporate culture in which employees can work energetically and continue to grow and take on challenges. | Learn More |
| Human Rights and Diversity | Further business growth requires the creation of a diverse workforce and an environment in which they can thrive. | Learn More |
| Quality and Reliability | Not only advanced technology but also high quality and reliability will be the source of the Group's differentiation and competitiveness. | Learn More |
| Stable Supply | Excellent QCD, stable supply and business continuity are required to meet customer demands and fulfill our social responsibilities. | Learn More |
| Asset Management of Design data (Information Security, Cyber Risk) |
Strict management of design assets and know-how is the foundation of the business and is indispensable for gaining the trust of customers. | Learn More |
| Labor, Safety and Health (Work-Life Balance) |
It is necessary for business growth that employees flexibly choose their work place and time, work efficiently, and be physically and mentally healthy. | Learn More |
We will continue to monitor the status of the Group's efforts in other areas identified as priority materialities and disclose them in our ESG reports.