Materiality
JHR’s Materiality
Believing that sound management enabling us to co-exist in harmony with society and the environment will contribute to improved unitholder value over the medium to long term, JHR is making efforts to enhance sustainability through consideration of ESG (Environment, Social, & Governance) issues.
From the dual standpoints of stakeholders’ expectations and impact on our business, JHR has defined our materiality (key issues), in terms of ESG-related issues that are of particular importance to us, as shown below.
Moreover, we will revise the materiality as needed, based on the changes in social issues and needs due to change of the times.
| Materiality | Overview/Goals | Related SDGs(*) | |
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| Environment | Tackling climate change |
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| Reducing water consumption and waste |
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| Social | Communication with stakeholders such as local communities |
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| Ensuring safety/peace of mind and promoting well-being at hotels |
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| Creating pleasant workplaces |
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| Governance | Implementing thorough corporate governance |
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| Proactive information disclosure and dialogue |
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| (*) | The SDGs (an acronym of Sustainable Development Goals) are international goals aimed at creating a better and more sustainable world by 2030. The SDGs were adopted at a U.N. Summit in September 2015. They consist of 17 goals and 169 targets. |
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Process to Define Materiality
Step 1:Identification of socially important issues
Extensively identifying socially important issues which expected by stakeholders through referring to global ESG assessments and frameworks such as the SASB Standards, GRI Standards, and Sustainable Development Goals (SDGs)*, as well as the cases of initiatives by other J-REITs,etc.
Step 2:Assessment/prioritization of socially important issues (creation of matrix)
Assessing and analyzing the identified socially important issues in terms of their importance to stakeholders and their impact to JHR, then prioritizing them.
Step 3:Management-level discussion/validation/definition of materiality
Validating the prioritized social issues at ESG Promotion Meetings and defining materiality. Reporting it to JHR’s Board of Directors.
JHR’s Materiality Matrix
