Page 34 - SD RATCH EN

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Sustainability Report 2020
RATCH Group PCL.
Material Aspects in 2020
Materiality Assessment Process
Identification
• Gather the opinions of the Board of Directors and the Management, conduct employee engagement survey, unofficial hearing for internal units working directly with stakeholders, and assess enterprise risks
• Gather the opinions of significant stakeholders’ representatives through interviews, analysts’ questions and questions from the media; issues arising from ESG assessment by securities companies, mutual fund companies and international organizations; and recommendations of those who read 2019 Sustainability Report
4
3
2
1
Prioritization
• Group the topics based on their relevance in economic, social and environmental dimensions
• Set prioritization criteria (for the Company and for stakeholders); outline the level of impacts on operational process, finance, the environment, health, safety, reputation and employee satisfaction; and identify stakeholders for each given issue
• High-level executives and relevant units assess material issues
• Process the assessment based on GRI’s Materiality Matrix
Validation
• Reassessment of material issues by the central unit responsible for the reporting
• Reassessed matrix submitted for the top management’s endorsement
Review
• Prepare questionaire and insert it in This Report, to collect readers’ recommendations which will be gathered for the assessment of material issues in the following year
1
2
4
57 6 98
3
11 10
Material issues to the Company in 2020:
1 Risk management
2 Operational control/operational excellence
3 Business strategy for sustainable growth
4 Corporate governance
5 Greenhouse gas emission reduction/long-term adaptation
to climate change
6 Employee stewardship
7 Resource utilization management and environmental
quality control
8 Compliance to Code of Conduct and anti-corruption policy
9 Safety management for employees, community and society
10 Community stewardship
11 Human rights
01234 Level of significance to the company’s business
Level of significance to stakeholders