JSP Sustainability Managementand Materialities

December 2021

JSP Corporation
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Corporate Philosophy and Basic Policy for Sustainability
JSP has established a basic policy for sustainability to define the basic stance concerning
sustainability management activities. This policy is firmly linked to JSP’s corporate
philosophy ,“Creatively and Actively Contribute to Society”.

Corporate Philosophy“Creatively and Actively Contribute to Society”

Basic Policy for Sustainability
1. The Basic Policy for Sustainability:
Based on the corporate philosophy ,“Creatively and Actively Contribute to Society,” theJSP Group has a strong commitment to its corporate responsibilities concerning theenvironment, society and corporate governance and aims for the sustained growth ofcorporate value.
2. JSP will give everyone at the company an awareness and understanding of the basic
policy for sustainability.
3. JSP will comply with all related laws, regulations and guidelines and constantly conductsustainability activities by using plans and a framework encompassing the entirecompany.
2Long-term Vision, Medium-term Business Plan
To achieve VISION 2027 – A long-term vision, “A Global
Company for Global Society””Medium-term business plan, ”Change for Growth” (20212023)
Sustainability Management
Customers

Shareholders/Investors
Employees/end users

Businesspartners

Job
applicants

Regionalcommunities

Environment

JSP announced its medium-term business plan “Change forGrowth” in April 2021. This plan has two basic concepts:
1. Broaden the value we provide for both economic value toour customers and for adding social issues.
2. Fortify the management base.
JSP will conduct full-scale sustainability management
activities in order to achieve its corporate philosophy,“Creatively and Actively Contribute to Society”.

Administration

3Materiality Matrix
This diagram shows the relationship between the components of materiality and JSP’s
corporate philosophy, basic policy for sustainability, long-term vision and medium-termbusiness plan.
Corporate Philosophy,“Creatively and Actively Contribute to Society”
Basic Policy for Sustainability
Long-term vision, “VISION 2027”
Medium-term business plan, ”Change for Growth”(2021-2023) Basic concept
1. Broaden the value we provide for both
economic value to our customers and foradding social issues.

Materiality
The creation of shared value (CSV)(1) Contributions of environmentally
responsible products(2) Contributions from recycling plasticresources(3) Contributions to fighting climate change(4) Contributions involving food and healthyliving(5) Contributions to safety

2. Fortify the management baseMateriality
Environment (E)(1) Activities for protecting the environment
Society (S)(1) Improve human resources development(2) Fostering the culture of a rewarding
workplace(3) Secure occupational safety(4) Strengthen the information systemfoundation
Corporate Governance (G)(1) Strengthen corporate governance
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The Materiality Selection Process
Step 1: Identity issues and determine their importanceFirst, priority issues for the JSP Group based on the corporate philosophy were identified and, to include issues that are important tostakeholders, social issues were selected too. The selection of social issues used GRI standards and other international guidelines, the 17
Sustainable Development Goals, activities of other companies and other considerations. Next, the importance of each issue is assessedfrom the perspectives of the JSP Group and its stakeholders.
Importance to stakeholders (Y axis)

High

Importance to JSP (X axis)

High

Step 2: Discussion of issues by the Executive Officers Meeting
The executive officers discuss issues of the highest importance and take into account the basic concepts of Medium-termbusiness plan, ”Change for Growth.” and factors involving products. This step results in the selection of candidates formateriality.

Step 3: Final decision by the management
The final decisions about materiality were made by the Board of Directors in December 2021.
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The Organizational Structure Used for
Sustainability Activities
The Organizational Structure for Sustainability Activities(As of December 13, 2021)

Board of Directors

Executive Officers Meeting
Sustainability Promotion
Committee

All JSP Group operations〈Sustainability Promotion Dept.〉

This office is the secretariat for the Sustainability
Promotion Committee. In addition, this officemonitors all sustainability activities and provides
assistance to ensure that these programs function
effectively. Confirming contributions to sustainability
is another role of this office. The office submits
reports to the Executive Officers Meeting about
these confirmations and about feedback concerning
sustainability received from stakeholders.

〈 Board of Directors 〉

Board of Directors oversees sustainability management. The directors
use a sustainability activity PDCA cycle for the approval of a plan forsustainability activities, receiving reports on the results of theseactivities and the oversight of all sustainability activities.

〈 Executive Officers Meeting 〉

Executive Officers Meeting supervises sustainability management.
Executive officers use a sustainability activity PDCA cycle for confirming
and reviewing progress with these activities in all areas of the company
in order to ensure that activities are conducted properly.

〈 Sustainability Promotion Committee 〉

Sustainability Promotion Committee is an advisory body to the
Executive Officers Meeting. Committee members examine the highly
specialized projects that are vital for sustainability programs and otherimportant matters involving these programs.

All JSP Group operations

JSP departments and group companies are responsible for conducting
sustainability activities. This includes business units, corporate
departments, factories, research centers, subsidiaries and othercomponents of the JSP Group.

6Activities Associated with Materialities:
The Creation of Shared Value (CSV)The creation of shared value (CSV): Materialities concerning the benefits of JSP
businesses and products
Materialities(1)

Contributions of environmentally
responsible products(2)

Contributions to recycling plasticresources(3)

Contributions to mitigation climatechange(4)

Contributions involving food andhealthy living(5)

Contributions to safety

Major activities of JSP

SDGs

JSP uses its resin foaming technologies
to create economic value as well as tocontribute to solving customers’ andsocial issues and providing other formsof social value.

7Activities Associated with Materialities:
Environment/Society/Corporate Governance (ESG)
Materiality concerning the environment (E)Materiality(1) Activities for protecting theenvironment

Major activities of JSP

SDGs

The Responsible Care activities to protect the environment

Materialities concerning society (S)Materialities

Major activities of JSP(1) Improve the human resources
development

Education and training programs to upgrade the skills of all employees
at the JSP Group(2) Fostering the culture of arewarding workplace

Maintenance of workplaces where employees can achieve their careergoals in an environment of mutual respect for a broad spectrum ofvalues(3) Secure the occupational safety

Activities to prevent workplace accidents and disasters in the course of
conducting business activities and ensure the health and safety ofemployees and residents of areas where JSP facilities are located(4) Strengthen the information
system foundation

The use of digital technologies to improve the efficiency of businessactivities

SDGs

8Activities Associated with Materiality:
Environment/Society/Corporate Governance (ESG)
Materiality concerning corporate governance (G)Materiality(1) Strengthen the corporate
governance

Major activities of JSP

SDGs

Strengthening corporate governance of the entire JSP
Group with activities involving compliance, internalcontrols and risk management

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