Process of Materiality Assessment and Prioritization
Based on the Global Reporting Initiatives (GRI) Standard
Analyze sustainability issues along the value chain, covering the phase of raw material procurement to production, transportation, distribution, utilization of products and services, together with the analysis of changes in key trends.
Analyze the issues that matter to the stakeholders through various means comprising survey, panel discussion.
Analyze the alignment with the enterprise risk management framework.
Assess and prioritize sustainability issues with respect to importance to SCG and stakeholders and define materiality.
2021 Materiality Assessment
SCG reviews enterprise materiality on a yearly basis through the SCG Sustainable Development Committee, taking into consideration both internal and external factors. External factors consist of major global, regional, and national trends, opinions of key stakeholders, ESG assessment criteria of leading assessors, and sustainability issues in the same industry. Internal factors consist of the impacts of risks and opportunities that may arise across the value chain on SCG’s operations and its economic, social, and environmental targets.
• High impact on economic, environmental, and social dimensions.
• High impact on stakeholders’ assessment, decision-making, or confidence.
• Fully integrated in SCG’s short-, medium- and long-term business plans.
Climate resilience includes the reduction of greenhouse gas emissions and the enhancement of adaptability to the hyper velocity changing of business circumstances in volatility, uncertainty, complexity, and ambiguity (VUCA) world.
The manufacturing of products and the development of services and solutions with maximizing energy efficiency and resource use across the value chain to reduce the consumption of natural resources and create a sustainable, closed loop of resource circularity.