Sustainability
Stakeholders and Materiality
Our Stakeholders
Materiality Assessment Process
The materiality assessment is an effective tool to systematically identify and prioritise ESG topics most material to the Group and our stakeholders. Using FY 2022 assessment process as a basis, we incorporated enhancements guided by stakeholder expectations, our operations, and in alignment with Bursa Malaysia’s enhanced Main Market Listing Requirements and the Sustainability Reporting Guide (3rd edition) to create a streamlined process for FY 2023. Employing this updated 4-step process culminated in the development of our updated Materiality Matrix.
01. Identify
In addition to analysing global trends and investor requirements, the material sustainability matters were determined based on their relevance to the Company and stakeholders during the current reporting period.
02. Prioritise
The material topics were then prioritised based on their significance and potential impact on the organization and its stakeholders through proper survey tools.
03. Analyse
The identified material topics and their prioritisation were collated and plotted on a matrix using a weighted average method.
04. Validate
The resulting matrix was presented and validated by the Sustainability Working Committee and Board of Directors.
Our Materiality Matrix
Summary of Material Matters
