Materiality

The USS Group uses the concept of materiality to establish a number of key issues concerning the economic, social and environmental impact of business operations as well as the group's reputation among stakeholders and the demands of these stakeholders.
We use these issues as the basis for discussions with stakeholders and within the group in order to reexamine these key issues constantly. Based on items used by ESG evaluation institutions and other considerations, the following three materiality issues have been added following a discussion of this subject by the Board of Directors at the June 2020 shareholders meeting: Proper information management, corporate governance and environmental protection.

Key Issues Actions Associated Actions
Ensure the fairness and reliability
of automobile auctions
  • Properly manage data about vehicles
    submitted to auctions
  • Prevent improper vehicle auction
    transactions
  • Design auto auction sites that are
    easy to use
  • Build sound relationships with
    members and companies that do
    business with the USS Group
Activities with Customers Contributing to Local Communities
and Society
Benefit from advanced
technologies and increase our
market share in Japan
(Responses to the decline in demand in
Japan)
  • Benefit from advanced technologies
    (self-driving vehicles, electric
    vehicles, fuel cell vehicles)
  • Provide more digital services
  • Increase the convenience of auto
    auction sites
  • Measures that reflect the diversity of
    customers
Activities with Employees
Advancement and utilization of
human resources
  • Respect the human rights and
    diversity of the USS Group's
    workforce
  • Ensure that employees are properly
    evaluated and compensated
  • Upgrade and expand education and
    other training programs
  • A strong commitment to workplace
    health and safety
Activities with Employees
Proper information management
  • Proper management of the
    information of auction members
Activities with Customers
Corporate governance
  • Prevention of illegal and other
    improper activities
  • Risk management (business
    continuity planning)
Corporate Governance Compliance
Environmental protection
  • Activities to combat climate change
  • Reduce GHG emissions, such as by
    transporting vehicles more
    efficiently, and reducing energy
    consumption by operating auctions
    more efficiently
  • Use resources effectively and manage
    waste materials
Activities to combat climate change Initiatives for reducing environmental
load