Social Impact and ESG Materiality
Fuji Oil in society
Fuji Oil Group’s value chain
The Fuji Oil Group is a B-to-B food ingredient manufacturer that has four business segments: Vegetable Oils and Fats Business, Industrial Chocolate Business, Emulsified and Fermented Ingredients Business, and Soy-Based Ingredients Business. We develop, manufacture, and sell various food ingredients, including oils and fats for chocolate, industrial chocolate, whipping cream, margarine, and soy protein ingredients, mainly made from agricultural products, such as palm oil, cocoa and soybeans. Our customers range widely from B-to-C food manufacturers to restaurants, convenience stores and retail stores.
Our positive impacts and negative impacts
The Fuji Oil Group recognizes the following positive and negative impacts of its business.
Positive impacts (examples)
- Addressing food shortages and supporting healthy lives with plant-based food ingredients
- Improving sustainability in the supply chain of raw materials
- Reducing impacts on the global environment by reducing consumption of energy, water, and other natural resources and the generation of CO2, waste, and other emissions at Group companies, primarily in their manufacturing processes
Negative impacts (examples)
- Environmental degradation and human rights violations in the value chain
- Impact on the global environment through the consumption of energy, water and other natural resources and the generation of CO2, waste, and other emissions by Group companies, primarily in their manufacturing processes
Four areas of ESG activity
The Fuji Oil Group classified the activities contributing to the promotion of ESG management into the following four areas. Activity guidelines were set for each area.

Advancing the SDGs

Our material ESG issues
Basic approach
The Fuji Oil Group identifies material ESG issues as areas where we can contribute, through our business activities, to the sustainable development of society, our own sustainable growth and the creation of value for society. Material ESG issues contribute to two of the four activity areas for promoting ESG management: “Creation of positive impact” and “Reduction of negative impact.”
Material ESG issues for FY2021
Our material ESG issues for FY2021 are listed below. Please refer to the relevant webpages for details on our basic approach, goals and the status of initiatives concerning each issue.
Areas to create initiatives that lead the industry, leveraging our business strength
Priority Area 1: Creative food solutions
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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Solutions to Food Insecurity |
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CTO
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Provision of healthy food |
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CTO
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Reduction of sugars intake |
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CTO
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Reduction of trans fatty acid content |
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CSO
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Priority Area 2: Sustainable procurement
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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Sustainable procurement of palm oil |
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CSO
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Sustainable procurement of cocoa |
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CSO
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Sustainable procurement of soybeans (including GMO issues) |
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CSO
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- * Good Agricultural Practices
Business foundation areas
Priority Area 3: Assurance of product quality and safety
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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Ensuring food safety and quality |
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C“ESG”O
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Priority Area 4: Occupational health and safety
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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Promoting occupational health and safety |
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C“ESG”O
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Priority Area 5: Climate change mitigation and adaptation
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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CO2 emissions reduction |
Environmental Vision 2030
Note: Approved by the Science Based Targets initiative (SBTi) |
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C“ESG”O
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Priority Area 6: Conservation of water resources
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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Water use reduction |
Environmental Vision 2030
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C“ESG”O
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Priority Area 7: Resource circularity
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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Waste reduction |
Environmental Vision 2030
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C“ESG”O
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Food loss and waste reduction |
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CTO
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- * Such as processing residues and product samples
Priority Area 8: Environmentally conscious manufacturing
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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Reduction of the environmental impact of products and raw materials |
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CTO
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Priority Area 9: DE&I*
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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Diversity management |
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CAO
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- * Diversity, equity and inclusion
Priority Area 10: GRC*
Priority theme | Our vision | SDGs we aim to support | FY2021 Goals | CxO in charge | Relevant page |
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Risk management system |
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C“ESG”O
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Information security management |
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CFO
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Compliance |
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CAO
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Group governance |
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CSO
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Corporate governance |
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CAO
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- * Governance, risk, and compliance
Process of selecting material ESG issues for FY2021
The Fuji Oil Group reviews and selects its material ESG issues once a year based on new social issues and input received from stakeholder dialogue.
In FY2020, the secretariat of the ESG Committee created a list of social issues taking into consideration the GRI*1 and SASB*2 disclosure items, the WBA*3 benchmarks, the SDGs, ESG themes promoted by industry groups, and expert guidance. It then grouped together similar social issues and gauged their importance by plotting them on two axes, stakeholder interest and impact on the Fuji Oil Group’s business, creating a draft ESG materiality map for FY2021.
The ESG Committee — which has around 30 members, including Group chief officers in charge of specific ESG issues, the managers responsible for promoting ESG initiatives in FY2020 (selected from corporate, business, and R&D divisions), and experts — then reviewed the validity of the materiality map.
Based on the ESG Committee’s conclusions, the committee’s secretariat reported the ESG materiality issues for FY2021 to the Fuji Oil Holdings Inc. board of directors for approval.
As a result of this process, the Fuji Oil Group decided to shift from managing “packaging materials reduction,” a ESG material issue selected for FY2020, on a Group level to managing it at the level of each company,*4 and to add two new material issues: “provision of healthy food” and “compliance.”
- *1 Global Reporting Initiative
- *2 Sustainability Accounting Standards Board
- *3 World Benchmarking Alliance
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*4 For details, see “Plastic Use Reduction” following the link below.
https://www.fujioilholdings.com/en/sustainability/environment/packaging_materials/
Identification and selection process
FY2021 ESG materiality map

- *1 “Sustainable procurement” includes important issues such as respect for human rights, biodiversity conservation, and forest conservation.
- *2 Diversity, equity and inclusion
- *3 “GRC” includes corporate governance (e.g. improving the effectiveness of the board of directors) and internal control (e.g. Group governance, risk management). The ESG Committee is in charge of monitoring internal control. The board of directors is in charge of monitoring corporate governance.