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We conduct an in-depth materiality assessment every four years, with a midpoint review every two years. In 2020, we conducted a materiality checkpoint, followed by a major update in 2022 to reassess the relevance of ESG matters to our key stakeholders.

The materiality assessment was conducted in alignment with the latest GRI Sustainability Reporting Standards (GRI Standards) 20211 . Our materiality assessment process is described as follows:​

1

IDENTIFICATION

  • We identified a list of 25 potential material topics from various sources, including global trends, GRI Standards 2021 and the S&P Global Corporate Sustainability Assessment
  • We also conducted benchmarking with our peers' material topics

2

ENGAGEMENT

  • We engaged over 5,000 clients, suppliers and employees across Malaysia, Indonesia, Singapore, Thailand and Cambodia through. Surveys were also translated into Thai and Indonesia
  • Inputs from other stakeholders, such as investors, regulators and communities, were also gathered based on our engagements with them over the past 12 months

3

PRI

  • We engaged over 5,000 clients, suppliers and employees across Malaysia,
    Indonesia, Singapore, Thailand and Cambodia through. Surveys were also
    translated into Thai and Indonesia
  • Inputs from other stakeholders, such as investors, regulators and communities, were also gathered based on our engagements with them over the past 12 months

4

VALIDATION

  • We deliberated internally with management and regional teams to narrow down the focus to the top 13 Material Matters
  • The Material Matters were validated and approved by the Board as the highest governing body

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