Material Issues

Eisai’s corporate philosophy is to give first thought to patients and their families. Likewise, Eisai provides employees, who are responsible for making a positive contribution to patients, with opportunities to develop their talents so as to enrich their careers and cultivate work satisfaction. Eisai’s mission is the enhancement of patient satisfaction, then revenue and earnings will be generated as a consequence. We attach great importance to this sequence of placing the mission before the ensuing results.
At the same time, in order to sustainably maximize corporate value in a way that satisfies all stakeholders, and taking into account our corporate philosophy’s concept of “mission and the results,” it can be seen as more efficient to focus on long-term investors, who are beneficiaries of residual income, as the most important stakeholders*1. While taking the long-term interests of all stakeholders including patients and employees taken into account, we believe that identifying the concerns relating to the interests of long-term investors and then implementing related initiatives on a priority basis, is the fast track to the maximization of corporate value.
The process for establishing materiality and Eisai’s Materiality Matrix are shown below. Reviews and updates are undertaken as needed.
  • *1
    Concept derived from Enlightened Value Maximization Theory (Michael C. Jensen, 2001)
Process 1 Identification of issues Process 2 Prioritization of issues and creation of materiality matrix Process 3 Reviews and updates

Process 1 : Identification of issues

In identifying guidelines, we taking into account various types of guidelines (e.g., Sustainability Accounting Standards for Pharmaceuticals by SASB*2, GRI Guidelines), the Sustainable Development Goals (SDGs)*3, communication with stakeholders, and socially responsible investment (SRI) indices (e.g., Dow Jones Sustainability Index).
  • *2
    SASB (Sustainability Accounting Standards Board) is a U.S.-based non-profit organization that identifies materiality by industry for reasonable investors and develops
    sustainability disclosure standards.
  • *3
    Sustainable Development Goals (SDGs) are a set of international goals established under the 2030 Agenda for Sustainable Development adopted at the United
    Nations. Sustainable Development Summit in September 2015.

Process 2 : Prioritization of issues and creation of Materiality Matrix

We prioritize issues that have a particularly high degree of importance, and then create a matrix, 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 account the progress made in initiatives relating to relevant issues and changes in the business environment.
Eisai’s Materiality Matrix