Under a Corporate Philosophy of “We will meet people’s needs for energy without fail, and play our part for the sustainable development of Japan and the rest of the world,” the J-POWER Group has worked to improve its corporate value by contributing to the achievement of an affluent society through its business activities.

To further improve our corporate value, we identified social issues of importance to the J-POWER Group, and, taking into consideration factors including the interests of stakeholders, relationships with our Corporate Philosophy, and impacts on our business, identified five issues that are material for us: supply of energy, response to climate change, respect for people, engagement with local communities, and enhancement of our business foundation.

In addition to making the identified material issues well-known within the Group, we will integrate them into our business strategy, will formulate goals and KPIs for each issue, and will make contributions to achieve the SDGs through our initiatives.

Meanings of material issues

Contribution to the SDGs

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Identification process

Identification of social issues

We identified socially important issues, with reference to the SDGs, key ESG issues, global trends, international standards such as ISO 26000 and the GRI Standards, etc.

Preparation of opinions on material issues

From the identified social issues, we wrote up opinions on material issues, taking into account the interests of stakeholders, the relationship with our Corporate Philosophy, the impact on the J-POWER Group’s business, and so on, with third-party opinions factored in as well.

Identification of material issues

Following discussions by the Sustainability Promotion Board and the Executive Committee, the Board of Direc- tors made a determination of material issues.

Meanings of material issues

Supply of energy

The Corporate Philosophy of the J-POWER Group states, “We will meet people’s needs for energy without fail, and play our part for the sustainable development of Japan and the rest of the world.” The supply of energy is the Group’s reason for being, and forms a foundation for resolving many issues in society.

Response to climate change

Amid the worldwide heightening of concern over climate change, the supply of energy and the response to climate change are social issues that cannot be considered separately. The J-POWER Group is working to achieve both energy supply and a response to climate change through our technological capabilities.

Respect for people

The J-POWER Group prepares environments that enable active work by the employees and other human resources who support the Group’s activities. We also actively tackle diversity, human rights, and other social issues involving people. We put into practice these words in our Credo: “We refine our knowledge constantly, to be the pioneering leader in technologies and wisdom” and “We unite diverse personalities and passions as one, and dare create a better tomorrow.”

Engagement with local communities

The J-POWER Group’s large-scale energy supply business, which impacts our communities and the environment, is founded upon the understanding by the communities where we are located. Under our Credo of “We pursue harmony with the environment, and thrive in the trust of communities where we live and work,” we work toward the preservation of the environment and the establishment of relationships of trust with communities.

Enhancement of our business foundation

We will enforce the corporate governance and compliance that form the foundation of a company while also strengthening our profit and financial bases, so that we can resolve social issues and improve our corporate value through our business activities.

TCFD Recommendations-based Scenario Analysis

• Change scenarios in line with TCFD (2021)
• Change scenarios in line with TCFD (2020)