Materiality Assessment Process

1. Identifying Key Sustainability Issues

Specified the key issues that effect to the value creation of the organization along with the business value chain by considering the sustainable context from both internal and external factors. Internal factors include risk issues, strategy direction, business objective and expectation and concerns of all group of stakeholders. External factors include international standard of sustainability report framework, United Nation sustainable development issue, other issue within the same or related industry as well as Thailand and international trends that affect to the business in various level which can be divided into 3 main points:

3 Main Points
We care Business
Economic issues
We care Social
Social and environmental issues
We care People
Employee issues
2. Prioritization

Prioritize key point that can be identified by considering from opportunities and affect to the value creation which may affect to the business operation and all group of stakeholders. The sustainability development working group prioritize the key issues in various level which are High level (Tier1) is the key issues that stakeholders concern very much and may cause high risk to the organization, Middle level (Tier2) is the key issues that stakeholders concern and cause risk to the organization and Low level (Tier3) is the key issues that stakeholders hardly concern and may not cause any risk to the organization, which can be prepare into table of key point analysis (Materiality Matrix):

Vertical Axis: Issues that may affect and significant to the stakeholders

Horizontal Axis: Issues that may affect and significant to the business

3. Validation

Validate the correction and completeness of the key issues, the sustainability development working group has been proposed the verified issues to the Good Corporate Governance and Sustainable Development Committee and the Board of Directors for approval and verify the issues and establish the sustainability action plan and the organizational risk management plan which have been approved by the Executive Management, with Chief Executive Office serving as the Chairman of the meeting in order to meet with the stakeholders expectation and continuous development.

4.Review and Disclosure

Followed up on operational results that are consistent with the sustainable issue with all 15 key issues. The results have been reported by the Board of Directors and disclosed such the information to the public in various channels such as the Form 56-1 One Report, website, shareholders’ meeting and other channels which comply by all regulations. 

Sustainability Materiality Matrix

We care Business
We care People
We care Social
Summary of Material Sustainability Issues
We care Business
  • 1 Good Corporate Governance and ethics in business operation
  • 2 Risk management during crisis and abnormal state
  • 3 Sustainable supply chain management
  • 4 Development of technology and innovation
We care People
  • 5 Occupational health and safety in work place
  • 6 Labor management and human rights
  • 7 Employee knowledge and skills development
  • 8 Employee remuneration and retention plan
  • 9 Stakeholders engagement to the Company
We care Social
  • 10 Waste management from the operation
  • 11 Community and social relation development
  • 12 Biodiversity Management
  • 13 Climate Change Management
  • 14 Water Management
  • 15 Energy Management