LIXIL makes pioneering water and housing products that solve everyday, real-life challenges, making better homes a reality for everyone, everywhere.
LIXIL has identified material issues that we, our stakeholders, and society in general consider to be of the highest importance for improving our company’s sustainable growth and corporate value for driving progress on sustainable development. We are working to resolve these issues through our business activities while monitoring the progress against our goals.
LIXIL’s material issues are determined by selecting and evaluating issues from both a risk and opportunity perspective using the process outlined below, taking into consideration LIXIL’s Purpose, Value Creation Process (VCP), Medium-Term Plan, Corporate Responsibility (CR) Strategy and other business strategies, stakeholder needs and expectations as well as current social circumstances and issues. We review these material issues to accommodate any changes in LIXIL’s immediate environment or society at large.
The process of selecting our material issues is deeply linked to our VCP, which creates value for stakeholders and broader society based on LIXIL’s Purpose and available resources, as well as to our business strategies and CR Strategy.
Value Creation Process (VCP)
In FYE2021, we reviewed the material issues selected in FYE2016 and selected 20 new material issues based on the above-mentioned process. We categorized these issues into the following priority levels in terms of degree of risk as weighted by ESG-rating organizations and their impact on LIXIL, our stakeholders, and society at large.
Areas in which LIXIL is able to proactively exploit its unique strengths to greatly help solve issues and have a significant positive impact on stakeholders and society.Areas where initiatives should be strengthened in view of stakeholder needs.
Areas that should be addressed from the perspective of responding to stakeholder needs and appropriately managing risks to ensure business continuity.
Areas requested by stakeholders and that should be appropriately addressed as the basis for our business activities.
Material issues that are labeled as “Priority” are deeply related to the three pillars of our CR Strategy. We will continue to accelerate our CR activities with a focus on these material issues.
Three pillars of our CR Strategy