The material topics and their boundaries that have been
presented above form the essence of our entire materiality
process. The two key challenges invariably encountered in
relation to materiality include casting the net wide enough
to capture important sustainability issues and corresponding
risks and opportunities, yet not exceeding a reasonably small
sub-set of material issues that really matter to the company
and can be managed in a consistent way.
Defining these material issues and their boundaries is at the
heart of our Disclosure on Management Approach (DMA).
We exercise a rigorous and elaborate process in selecting
materiality issues that matter the most to our stakeholders. We
also assess each of these in terms of risks and opportunities
for our business, our reputation, and our finances.
Each of these issues is also evaluated annually in implications
towards our business, taking into consideration the legal
requirements, national priorities and international norms of
behaviour within the scope of feasibility and implementation
of CSR initiatives pertaining to these material issues.
Both our DMA and our reporting are guided by the values
of relevance, accuracy, timeliness, comparability, reliability,
clarity, balance and completeness. All these principles ensure
that our approach to CSR reporting is organic and advancing
dynamically to meet the changing expectations surrounding
us, and that we remain true to our most cherished guiding
values pertaining to transparency and civic engagement.
This report is thus intended to delineate the active steps we
have taken to integrate sustainability in our business using
our resources efficiently and responsibly, and respecting the
precautionary principle in terms of minimising risks for our
stakeholders, the environment and society at large.
As part of our continuous improvement journey, we also revisit
our DMA every year, and assess its overall effectiveness as well
as potential gaps, weaknesses or shortcomings, and decide,
in light of that, on any needed refinements or adjustments.
Table 3: Explanation of the Material Topics and their Boundaries