Stakeholder Analysis and Materiality Assessment

Stakeholder Analysis

Stakeholders were assessed based on two areas, namely their influence, i.e., ability to impact business operations or reputation, and their interest in the business, i.e., the extent of impact the business' operations or performance will have on them. The stakeholders were grouped and prioritised based on the assessment results.

Materiality Assessment Process

A sustainability matter is material if it reflects the Group's significant economic, environmental, and social impact or substantively influences the assessment and decisions of stakeholders.

When assessing a sustainability matter, considerations undertaken may include:

The extent to which the Group's business and operations have an impact on the matter assessed
The extent to which the matter impacts the Group's business and operations
The extent to which the matter affects stakeholders or stakeholders' decisions

Generally, the SSC is tasked to conduct a comprehensive materiality assessment once in every three years. In its assessment, members of the SSC who are persons-in-charge for their respective functions or departments contribute their assessments from the perspective of the business, as well as the viewpoints of stakeholders. As appropriate, the SSC will also seek the input of Management and other employees to obtain further understanding and clarity with an aim to appropriately determine the materiality of sustainability impacts while ensuring a balanced view between stakeholders and the business is considered. The SSC may also initiate special engagements with selected stakeholders to obtain their input in relation to the comprehensive materiality assessment process.

In between comprehensive materiality assessments, the SSC also reviews the materiality assessment outcome on an annual basis.