Sustainability

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, social, and governance impacts, including topics relating to environmental impacts, climate-related impacts, and human rights, 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

The SSC conducts a comprehensive materiality assessment every three years. During this assessment, members of the SSC provide their assessments from both the perspective of the business and the viewpoints of stakeholders. As appropriate, input from Management and other employees will be considered by the SSC to enhance understanding and ensure a balanced consideration of the perspectives of various stakeholder groups. The SSC may also engage in special engagements with selected stakeholders to gather their insights during the comprehensive materiality assessment process, as needed.

Between these comprehensive assessments, the SSC conducts an annual review of the materiality assessment outcomes.