Eisai's corporate philosophy is to give first thought to patients and their families, and increase the benefits that health care provides them. Likewise, Eisai provides employees, who are the bearer of the patient contribution, with opportunities to develop careers and talent. Eisai’s mission is to increase the benefit for the patients, then revenue and profit are brought about consequently. We put emphasis on this order of mission and the results.
On the other hand, in order to sustain corporate value maximization to fulfil every stakeholder's satisfaction, with the corporate philosophy's concept of “mission and the results” in consideration, it is regarded to be efficient to focus on the long-term investor, a beneficiary of residual income, as the important stakeholder.*1
Long-term interests of all stakeholders including patients and employees taken into account, it is believed that identifying the concerns which relate to the interests of long-term investor and then taking initiatives on a priority basis, is the fast track for the maximization of corporate value.
Process for Establishing Materiality and Eisai's Materiality Matrix are shown below. Reviews and updates are undertaken as needed.
- *1Concept derived from Enlightened Value Maximization Theory (Michael C. Jensen, 2001)
Process 1 : Identification of issues
We select issues giving consideration to various types of guidelines (e.g., sustainability accounting standards for pharmaceuticals by SASB*2, GRI Guidelines), to Sustainable Development Goals (SDGs)*3, to communication with stakeholders and to socially responsible investment (SRI) indices (e.g., Dow Jones Sustainability Index).
- *2SASB (Sustainability Accounting Standards Board) is a U.S.-based non-profit organization that identifies materiality for reasonable investors by industry and develops sustainability disclosure standards.
- *3Sustainable Development Goals (SDGs) are a set of international goals under the 2030 Agenda for Sustainable Development adopted at the United Nations Sustainable Development Summit in September 2015. For details.
Process 2 : Prioritization of issues and creation of materiality matrix
The priority order of identified issues is considered.
Priority is given to those issues with a particularly high degree of importance. A matrix is then created from the perspectives of “impact on Eisai's business” considering the corporate philosophy and impact on finances, and of “interest to long-term investors”, which includes financial reporting, opportunities to create innovation, and the impact of legal restrictions and industry norms.
Process 3 : Reviews and updates
Reviews and updates are undertaken as needed taking into consideration the progress of initiatives toward issues and changes in the business environment.