Materiality
The TEPCO Group has identified issues that require consideration from a long-term perspective and measures to create value in the four categories of "Contributing to a comfortable and safe carbon neutral society," "Strengthening our business foundation," "Regaining trust in nuclear power," and "Balancing revitalization with Decommissioning". In addition, we have redefined the materiality as the most important management issues to be managed by the Board of Directors. For each materiality, we examine the Identifying risks and opportunities for the Group and its stakeholders, and disclose strategies and action plans to resolve them.
External Environment Assessment
The business environment surrounding the TEPCO Group is undergoing significant changes, including the quickly weakening yen, in addition to soaring global fuel prices. In order to respond to these changes in the business environment, the TEPCO Group conducts an annual business environment analysis based on domestic and international conditions and stakeholder expectations to Identifying risks and opportunities related to our business.
Identifying Risks and Opportunities
Significant business risks are analyzed/identified and discussed by the Risk Management Committee, while the same is done for significant opportunities by the Future Management Committee.
Furthermore, due to considerable social interest in ESG and sustainability, etc., issues that management should address are discussed by the ESG Committee. The details of discussions and assessments conducted by each committee are leveraged to identify risks and opportunities when performing significance assessments.
Materiality Assessment
The identified risks and opportunities are assessed for materiality from the two axes of social impact and financial impact, and are audited and supervised as management items by the Board of Directors.
The greatest mission of the TEPCO Group is to fulfill its responsibility to Fukushima, and "Balancing revitalization with decommissioning" is organized as an item with high social impact.
Four materiality
The management items identified through the materiality assessment are organized and identified as the four materialities of "contributing to a safe and secure carbon neutral society," "strengthening the business foundation," "restoring confidence in the nuclear power business," and "balancing reconstruction and decommissioning". We aim to solve each of these key management issues through management strategies and systemized/detailed action plans.
Contributing to a comfortable and safe carbon neutral society
In order to create a sustainable society, we are creating new value by developing businesses that focus on carbon neutrality and preparedness.
Strengthening our business foundation
We are implementing financial strategies while growing human capital and intellectual capital in preparation to reform business structures in accordance with environmental changes and generate profits on the order of ¥450 billion.
Regaining trust in nuclear power
In order to create a carbon neutral society and provide an affordable and stable source of electricity, we are pursuing nuclear security and safety as we aim to have the power station that is trusted by the region and society as a whole.
Balancing revitalization with decommissioning
In order to completely fulfill our responsibilities to Fukushima we are prioritizing efforts to regain trust while we aim to balance revitalization initiatives with safe and steady decommissioning.
FY2022 materiality
We have developed strategies for solving our four key management issues and are formulating action plans that layout details for achieving our objectives.
