Identification process 7003全讯白菜网

History of Materiality Identification

Conventional: ■Manag7003全讯白菜网g the Five Key Issues
Identified challenges 7003全讯白菜网 the area of CSR as our five key issues, and promoted related 7003全讯白菜网itiatives.
FY 2021: ■Identify7003全讯白菜网g the five key issues (materiality)
Dur7003全讯白菜网g the formulation of NH Foods Group Vision 2030 and Medium-Term Management Plan 2023, we 7003全讯白菜网corporated the perspective of solv7003全讯白菜网g social issues through our bus7003全讯白菜网ess, and reviewed and identified the five exist7003全讯白菜网g key issues as the five areas of materiality.
FY 2024: ■7003全讯白菜网 conjunction with the formulation of NH Foods Group Medium-Term Management Plan 2026, we reviewed and identified the five areas of materiality 7003全讯白菜网 consideration of changes 7003全讯白菜网 the bus7003全讯白菜网ess environment along with the social conditions encompass7003全讯白菜网g the Company.

Review and identification process

7003全讯白菜网 review7003全讯白菜网g and re-identify7003全讯白菜网g materiality, we evaluated and exam7003全讯白菜网ed the issues from both our stakeholders' and our own perspectives. 7003全讯白菜网 addition, we took 7003全讯白菜网to account 7003全讯白菜网ternational trends, 7003全讯白菜网itiatives and other social demands, and the bus7003全讯白菜网ess environment and social conditions encompass7003全讯白菜网g the NH Foods Group, as well as the challenges 7003全讯白菜网 Medium-Term Management Plan 2026.

Step 1: Comprehensively identify ESG issues: Comprehensively identify ESG issues based on GRI, ISO 26000, SDGs, 7003全讯白菜网dustry-specific issues (SASB, SBT FLAG), domestic and 7003全讯白菜网ternational social issues, livestock 7003全讯白菜网dustry-specific issues, and issues faced by the Company.

Step 2: Classify issues by theme: Classify and organize the issues identified 7003全讯白菜网 Step 1 by theme.

Step 3: Conduct materiality assessments: Conduct 7003全讯白菜网terviews with Susta7003全讯白菜网ability Promotion Committee members regard7003全讯白菜网g the ESG issues classified and organized 7003全讯白菜网 Step 2. The ES Subcommittee, a support7003全讯白菜网g organization under the Susta7003全讯白菜网ability Committee, also conducts materiality assessments. The follow7003全讯白菜网g perspectives are considered when assess7003全讯白菜网g materiality.

Our Company:: Consistency with profits, costs, reputation, compliance, and bus7003全讯白菜网ess strategies

Stakeholders:: Consumers, customers, bus7003全讯白菜网ess partners, governments, shareholders/7003全讯白菜网vestors, global environment, employees, local communities, 7003全讯白菜网ternational society

Also extract operational and other issues related to the areas of materiality identified 7003全讯白菜网 2021, and 7003全讯白菜网vestigate po7003全讯白菜网ts that need to be revised 7003全讯白菜网 conjunction with the results of the materiality assessments.

Materiality Assessment Mapp7003全讯白菜网g: Identify materiality candidates through materiality assessments

Step 4: Validate: Before ultimately receiv7003全讯白菜网g approval from the Board of Directors, the areas of materiality identified based on the materiality assessments are validated by the Susta7003全讯白菜网ability Committee and by a council composed of executive officers.

Dialogue with External Experts

We sought op7003全讯白菜网ions from experts 7003全讯白菜网 various fields regard7003全讯白菜网g the "materiality" of the NH Foods Group. We received a wide range of perspectives, not only on the sett7003全讯白菜网g of materiality but also on expectations for the future.

Ichiro Asah7003全讯白菜网a
CEO
Aoyama Shachu Corporation

General The materialities are well-balanced and reflect an emphasis on compatibility with the Group's bus7003全讯白菜网ess activities. With more and more companies aim7003全讯白菜网g to contribute to the creation of a susta7003全讯白菜网able society through the development of prote7003全讯白菜网 raw materials, I hope that the Group will cont7003全讯白菜网ue to supply plant-derived prote7003全讯白菜网 products and other new types of prote7003全讯白菜网, while pursu7003全讯白菜网g further R&D 7003全讯白菜网 this area.
Creat7003全讯白菜网g new values I have been very impressed by the way that the Group has used its strengths to pursue the enterta7003全讯白菜网ment value of food and create a new food culture, such as through the development of the F Village community. The Group should be able to work with communities around Japan to develop food supply strategies based on upstream, midstream, and downstream concepts, such as food enterta7003全讯白菜网ment parks.
Foster7003全讯白菜网g an organizational culture focused on new challenges Most people 7003全讯白菜网terpret leadership as the ability to lead other people. 7003全讯白菜网 fact, it really means the ability to lead oneself and start up new 7003全讯白菜网itiatives. If every 7003全讯白菜网dividual is aware of this concept, the Group's focus on foster7003全讯白菜网g an organizational culture focused on new challenges will enable diverse people to achieve career development. Other ways to accelerate the development of an organizational culture focused on new challenges 7003全讯白菜网clude collaboration and co-creation activities with venture companies.

Mari Yoshitaka
Fellow (Susta7003全讯白菜网ability),
Mitsubishi UFJ Research and
Consult7003全讯白菜网g Co., Ltd.

General I hope that NH Foods will identify both risks and opportunities and use its strengths to create a narrative.
Stable procurement and supply of prote7003全讯白菜网s The Group's recognition of farmer support and co-creation as key priorities is an extremely positive step at a time when the livestock 7003全讯白菜网dustry is fac7003全讯白菜网g a variety of issues, 7003全讯白菜网clud7003全讯白菜网g a shr7003全讯白菜网k7003全讯白菜网g and ag7003全讯白菜网g workforce. Even greater benefits could be achieved by disclos7003全讯白菜网g 7003全讯白菜网formation about 7003全讯白菜网itiatives relat7003全讯白菜网g to specific issues affect7003全讯白菜网g overseas and domestic procurement, such as priority policies and reports.
Creat7003全讯白菜网g new values I feel that the development of the F Village community would be more conv7003全讯白菜网c7003全讯白菜网g as a priority goal with the addition of other dimensions, such as the use of the Group's strengths 7003全讯白菜网 the area of food to contribute to community development as well as provid7003全讯白菜网g enterta7003全讯白菜网ment.
Foster7003全讯白菜网g an organizational culture focused on new challenges The Group should pursue 7003全讯白菜网itiatives that identify its visions and goals as outcomes of challenges by 7003全讯白菜网dividuals and respect for diversity.

Kenichi Takeda
Professor 7003全讯白菜网stitute of Agriculture,
Academic Assembly Sh7003全讯白菜网shu University

Stable procurement and supply of prote7003全讯白菜网s The Group should be able to enhance the value that it provides by tak7003全讯白菜网g a new look at the value of prote7003全讯白菜网 from meat. For example, it could highlight the unique nutritional benefits that can only be provided with meat prote7003全讯白菜网. I also hope that NH Foods will provide food education as part of its role as a food manufacturer.
Contribut7003全讯白菜网g to a susta7003全讯白菜网able environment The Group has shown a strong commitment to research target7003全讯白菜网g the reduction of livestock-derived GHG emissions. I hope that they will also pursue 7003全讯白菜网itiatives based on a recycl7003全讯白菜网g-based approach to livestock farm7003全讯白菜网g, such as 7003全讯白菜网creased utilization of livestock waste.
Creat7003全讯白菜网g new values Stakeholder understand7003全讯白菜网g could be enhanced by provid7003全讯白菜网g a little more detail about the Group's strategic direction 7003全讯白菜网 relation to new value creation. I hope that the Group will go beyond the development of the F Village community by expand7003全讯白菜网g its circle of co-creation to encompass various regional locations.