Materiality
TOTO Group Materiality
The will of our predecessors has been handed down over generations through the TOTO Group Corporate Philosophy, and will continue to guide the vision our united Group pursues in the future.We are committed to sustainability management, positioning materiality as the key challenges we must address to achieve our corporate philosophy.
The TOTO Group’s Corporate Philosophy and Materiality
Cleanliness and Comfort; Wellness
By realizing cleanliness, comfort, and wellness through our business activities, we will contribute to the SDGs.
Environment
By protecting the environment through our business activities, we will contribute to the SDGs.
Relationships
By building relationships through our business activities, we will contribute to the SDGs.
About Materiality Identification
While identifying the TOTO Group’s materialissues (materiality), we carry out an analysis of themes that lead to the creation of economic value, as well as social and environmental value. In addition, we review our material issues as necessary in consideration of such factors as changes in the social and business environment.We also added “Wellness” to the material issue “Cleanliness and Comfort” in fiscal 2024.
Process for Identifying Materiality
| Step 1 | Identify issues | We identified issues based on the UN Global Compact, the SDGs, the Global Reporting Initiative, the International Integrated Reporting Framework, ISO, and other international guidelines, as well as on evaluations of the sustainability activities we have promoted thus far. |
| Step 2 | Analyze issues | We analyzed themes that lead to social and environmental value creation and those that lead to economic value creation. |
| Step 3 | Hold discussions by management | We then formulated our materiality after making reports to and holding discussions in the Sustainability Committee, Management Committee, and the Board of Directors. |
| Step 4 | Develop plans | For each materiality, we have clarified our goals, defined main initiatives, and established indicators and targets to guide our efforts. |
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