Materiality

With the aim of contributing to a sustainable society by practicing our corporate principles, Quality First, Cooperation and Harmony, and Steady Research, the PILLAR Group—under the slogan CLEAN, SAFETY, and FRONTIER—is working toward the goal of creating a future that will support society. As part of these efforts, we have identified materialities that we are committed to engaging in with the fluid control technology we have refined up to now.

Materiality for PILLAR

The PILLAR Group has identified materialities that the Group should address in order to both contribute to a sustainable society through our business and to achieve the sustainable enhancement of our corporate value, as stated in the Sustainability Policy.These identified materialities will serve as a guidepost for our Group's business activities, helping us to create a positive impact on society and the environment through our business

Materiality identification process

In identifying materialities for the PILLAR Group’s, we begin by assessing the current state of affairs and identifying social challenges. Then, after evaluating and prioritizing social challenges, we confirm the appropriateness of the proposed materiality by drawing on the opinions of experts. Finally, the identified materiality groups and content are approved and determined by the Management Meeting and the Board of Directors.

Assess the current state
of affairs and identify
social challenges		 In assessing and analyzing the current state of our business affairs and discussing and reviewing the challenges to be addressed in the future, we check these against global guidelines such as the 169 targets of the SDGs and ISO 26000, refer to key issues at other companies, and incorporate the opinions of experts.
Evaluate and prioritize
social challenges		 The management team discusses the potential social challenges, evaluates the challenges, and narrows down the candidates. The importance of the management perspective from the perspective of contribution to the sustainable growth of the Group and the importance of the stakeholder perspective reflecting the demands of stakeholders and society are then determined, and the materiality is evaluated and prioritized by along these two axes.
Confirm appropriateness
of proposed materiality		 The materialities are prioritized and mapped to a materiality map, and the opinions of external experts are incorporated to confirm their objectivity and appropriateness.
Approval by
Management Meeting
and Board of Directors		 After incorporating the opinions of experts, we identify the materiality group and the materialities that are linked to that materiality group.The Management Meeting then confirms the appropriateness of the Group’s approach to these issues, and finally, the Board of Directors gives its approval to the decision.

Materiality matrix

PILLAR Group’s Materiality and Related SDGs

E S G Materiality
Group		 Materiality Related SDGs
Decarbonization
and energy saving		 1Development and manufacture of products through
the use of fluid control technology and material
technology, etc., to enable decarbonization
and energy conservation
2Expanding clean energy
and energy savings in manufacturing
Circular economy
and resource
conservation		 3Development and manufacturing of sealing products
using IT/DX technology and sustainable raw materials
4Development and manufacture of resource
conserving products
5Resource efficiency and sustainability through
improved production technology (IT/DX,automation),
etc. and 3Rs of waste
Prevention of
chemical pollution
and conservation
of water resources		 6Development and manufacture of products that
contribute to the prevention of chemical pollution
and the conservation of water resources
7Prevention of chemical pollution in manufacturing
and conservation of water resources
Biodiversity
conservation		 8Promoting biodiversity conservation at each site
Product development
and manufacturing in
response to social
issues		 9Development and manufacture of products to cope
with disasters such as earthquakes and floods
10Development and manufacturing of new products
by applying technology to meet market needs
(sensor business, IoT utilization, etc.)
11Pursuit of safety and quality assurance of product
services
Creation of workplaces
that enable diverse
human resources
to grow and succeed		 12Occupational safety and health
13Respecting human rights and promoting diverse
human resources and work styles
14Human resource development, recruitment and
retention
Living in harmony with
the world and society		 15Creating innovation through industry-government
academia collaboration
16Promoting CSR procurement
17Contribution to regional and community
development
Establishing
transparent and
responsible
governance		 18Ensuring board independence and transparency
19Establishing a system for
managing potential risks in business activities
20Implementing Corporate Principles and integrity
21Corruption prevention

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