Materiality Assessment
In assessing the key sustainable issues the Company identifies key sustainability issues by considering internal and external factors and trends in the global situation, as well as the expectations of all stakeholders. The Company’s risk management processes
include the application of eco-industrial indicators, UN Sustainable Development Goals, and sustainability indicator guidelines to accurately and contextually identify key sustainability issues. The key sustainability issues are selected based on global trends and international sustainability reporting standards.
The assessment involves identifying annual key business issues through methods such as SWOT analysis and the SDGs, prioritizing these issues based on economic, social, environmental, and good governance impacts, and stakeholder interests respectively. In the final step, the Sustainability Committee reviews the assessment results, categorizing key sustainability issues into 3 dimensions: economic/governance, social, and environmental.
Steps for Materiality Assessment
Identifying Issues
Analyzing information from global trends and changes in the world situation based on the needs of all stakeholders, the Company’s risk management, vision, mission, and goals, including:
- SWOT Analysis
- Corporate Risk Profile
- Eco Industrial Town Index
- United Nation Sustainability Development Goals
- ESG Metrics
By selecting key sustainability issues for business operations through the materiality assessment and global megatrends.
Materialities Prioritization
Prioritizing issues by considering the changing business context of each issue, which involves analyzing and identifying key issues that are significant to the Company and stakeholders in 2 dimensions:
- Issues that have or may have economic, social, and environmental impacts on the Company.
- Issues that impact or are of interest to stakeholders.
Materiality Validation
Conducting a thorough review of all significant issues, considering and approving materiality issues within the Company’s scope and impact. This step involves seeking approval from:
- Good Governance and Risk Management Committee
- Sustainability Committee
Materiality Matrix
Environmental Dimension
Climate Change
Water Resources and Water Quality Management
Eco-Efficiency Management
Biodiversity Management
Air Quality and Noise Pollution Control
Energy Management
Waste Management
Economic/ Governance Dimension
Innovation Management
Supply Chain Management
Anti-corruption
Cybersecurity and Personal Data Protection
Corporate Governance
Customer Responsibility
Environmental-friendly Products