Actions on Materiality
Review of Important Aspects of CSR (Materiality)
The Osaka Gas Group evaluated its three-year efforts through fiscal 2017 to improve its CSR activities in line with its important aspects (materiality), which the Group identified in fiscal 2014. The Group began reviewing the materiality in fiscal 2018 in response to changes in its business operations and the business environment while taking into account social trends.
Identification of Current Materiality
The Osaka Gas Group identified the materiality for the Group's CSR for the first time in fiscal 2014. The action was designed for the Group, a comprehensive energy service provider, to grasp the impacts its activities might have on society and to conduct business while managing such impacts and possible impacts. In identifying the materiality, the Group referred to procedures set in the fourth edition of the Sustainability Reporting Guidelines (G4). In-house meetings were held repeatedly with consideration mainly given to the characteristics of business operations undertaken by the Group and where its business was conducted, and based on views and opinions from third-party experts in certain fields. Final approval of the materiality came at a meeting of the CSR Promotion Council.
Background of Review
While the Osaka Gas Group has been operating the PDCA (plan-do-check-act) cycle for the materiality, the business environment surrounding the Group and the social situation for sustainability have changed dramatically in the past three years. Some indicators used for the materiality have been reviewed when necessary—in response to the changes that have occurred both inside and outside the Group. In fiscal 2018, we began reviewing the overall materiality.
Changes in business environment
The Osaka Gas Group has globalized its operations. The Group operates gas, electricity and other energy services in such overseas markets as North America and Southeast Asia, while embarking on new development projects overseas. In January 2017, Osaka Gas Chemicals Co., a wholly owned subsidiary of Osaka Gas Co., acquired Jacobi Carbons AB, a chemical maker with a major share of the world market for activated carbons, environmental materials, bringing it into the Osaka Gas Group. In addition, the Osaka Gas Group has formulated the Long-Term Management Vision 2030 and the Medium-Term Management Plan 2020—a new business strategy based on which we have started action.
Social trends regarding sustainability
In recent years, moves to enhance sustainability have gathered impetus in international society, as characterized by the adoption in 2015 by the United Nations General Assembly of the Sustainable Development Goals (SDGs) following its signing by 193 countries. The move was also evidenced by the coming into force in 2016 of the Paris Agreement, a UN accord on climate change signed at the 21st session of the Conference of the Parties (COP) to the 1992 United Nations Framework Convention on Climate Change. Furthermore, the Global Reporting Initiative (GRI) Standards, the newest edition of the GRI guidelines, were published in 2017.