Materiality and Sustainability Policy
Based on Santen's CORE PRINCIPLE "Tenki ni sanyo suru," Santen not only contributes to the sustainable development of society but also aims to achieve its own sustainable growth.
Santen's Key Management Issues (Materiality)
"STRATEGY" and "ESG Materiality" are Santen's key management issues (Materiality).
Keeping Santen's CORE PRINCIPLE "Tenki ni sanyo suru" in mind, Santen's newly formulated ideal world is called "WORLD VISION," the ideal world that Santen aims for, namely, "Happiness with Vision," which represents Santen's aim to contribute to the Happiest Life for every individual, through the Best Vision Experience. Santen's VISION shows what Santen aspires to be in 2030 and beyond in order to achieve its WORLD VISION. We will "Become A Social Innovator" to orchestrate and mobilize key technologies and players around the world, to deliver happiness through vision. In order to achieve "Santen's VISION" and "GOAL," we will implement "STRATEGY," which consists of "Ophthalmology," "Wellness" and "Inclusion." This WORLD VISION and Santen's VISION have been established from the perspective of Creating Shared Value (CSV), which is a corporate approach to creating both economic and social value by devising solutions to social issues.
Meanwhile, from the perspective of environment, society and governance (ESG), we have identified the following four propositions as ESG materialities: "Maintenance and Enhancement of Trust in Products and Services," "Encouragement of an Organizational Culture that Promotes Value Creation," "Reinforcement of Governance and Prevention of Corruption," and "Conservation of the Global Environment," with the aim of contributing to the sustainable development of society by solving social issues and improving corporate value over the medium to long term. The three STRATEGIES and four ESG materialities are Santen's materiality, namely, Santen's key management issues.
The Sustainable Development Goals (SDGs) adopted by the United Nations member states set 17 goals to be achieved by 2030. By addressing our materiality, we will help achieve Goal 3: "Ensure healthy lives and promote well-being for all at all ages," and other SDGs.
Materiality Identification Process
- Step 1: List up social issues
We compiled an extensive list of social issues based on international guidelines, including the 10 principles of the United Nations Global Compact and SDGs, as well as on survey items of sustainability assessment institutions.
- Step 2: Set priorities for social issues
We comprehensively evaluated social issues from two standpoints, namely, their importance to society and their importance to our company, and narrowed the issues down to those of high priority.
- Step 3: Integrate the three items of the long-term vision "Santen 2030" into Materiality
Looking ahead to 2030 and beyond, we added "Ophthalmology," "Wellness," and "Inclusion," which we created to strategically address social issues related to people's eye health, to Santen's Materiality.
- Step 4: Confirm the validity
We confirmed the validity of the formulation process and the selected materialities through not only discussion within in-house meeting including management but also dialogue with outside stakeholders such as experts and investors.
- Step 5: Identify Materiality
Through discussions at the Board of Directors, we identified three STRATEGIES and four ESG materialities as Santen's Materiality. We plan to periodically review the materialities in light of the progress of our initiatives and changes in the social environment.
We have established our sustainability policy incorporating the standpoint of ESG into the WORLD VISON and Santen's VISION, formulated from the perspective of CSV. Based on our CORE PRINCIPLE, this policy shows that Santen not only contributes to the sustainable development of society but also aims to achieve its own sustainable growth.
Based on Santen's CORE PRINCIPLE: "Tenki ni sanyo suru," Santen not only contributes to the sustainable development of society but also aims to achieve its own sustainable growth.
The four ESG materialities are aimed at contributing to the sustainable development of society and improving Santen's medium to long term corporate value. In order to break down the Materiality into specific activities, we have presented 12 issues for promoting the activities and disclosed the progress of our efforts as needed.
|ESG Materiality||Issue||Main efforts
(Including what we are currently working on and future efforts)
Maintenance and Enhancement of Trust in Products and Services
|Assurance of Quality and Safety, and Establishment of an Appropriate Supply System||
|Provision of Appropriate Information on Products and Services||
|Evaluation and Management of the Supply Chain||
Encouragement of an Organizational Culture that Promotes Value Creation
|Promotion of Diversity and Inclusion||
|Building a high-value-added and highly productive work environment||
|Human Resource Development||
Reinforcement of Governance and Prevention of Corruption
|Respect for Human Rights||
Conservation of the Global Environment
|Measures against Climate Change||
|Reducing our Environmental Impact||
CSR Promotion System
The Santen Group has established a CSR Committee, which consists of the Santen President and CEO as Chairman, and corporate officers in charge of the relevant divisions. Based on our CORE PRINCIPLE, the CSR Basic Policy, the group's strategies, and social issues, the CSR Committee sets CSR-related policies and targets for our entire group, and monitors the progress of our CSR activities.
In fiscal 2019, we started to identify materialities and formulate a sustainability policy. In the future, we will promote our efforts based on the Sustainability Policy instead of the CSR Basic Policy.
The CSR Committee sets targets and manages progress for a total of eight activity items: three CSV-related items and five items related to measures to support sustainable growth.
CSR Committee Activity Items
|Activity item||Goals for 2020|
|CSR unique to Santen through business||1||"CSR through business activities"
Increased propagation inside and outside the company
|Communication of ideas and cases will be strengthened, leading to improved engagement for employees and customers|
|Learning what all Santen Group employees should equally understand when joining the company|
|3||Contribution to society through sports for the visually impaired||It is widely established as a model case for social contribution in Japan, and is expanding overseas.|
|Initiatives that support sustainable growth||4||Thorough implementation of
the Code of Practice/Compliance
|Effective compliance training is thoroughly implemented as a group to enable all Santen Group employees to understand and act in accordance with the Santen Code of Practice.|
|5||CSR promotion including business partners||Our company's approach to CSR based on international norms is shared with our business partners, and the business partners' correspondence is confirmed, leading to risk reduction in business continuity and the gaining of trust from stakeholders.|
|6||Promotion of diversity||We promote understanding and disclosure of basic group actualities such as gender and nationality, and the establishment of a diversity policy and group goals, and as a result of group-wide efforts, personnel diversity is increasing.|
|As a leading company specializing in ophthalmology, we employ people with visual impairments and enable many employees to work together.|
|7||Promotion of environmental conservation activities
within the group
|Activities are promoted and monitored at all major business sites based on the medium-term goals, and the Santen Group as a whole is steadily fulfilling its environmental responsibility.|
|8||Corporate citizenship based on Santen's Values.||A group-wide donation rule is formulated, a system for grasping the situation within the group is established, and corporate citizenship activities based on Santen's Values are carried out in all countries and regions of the Santen Group, and information is also disclosed.|