Our materiality assessment
The sustainability agenda presents a broad range of potential topics of relevance. While we monitor and manage several topics, we focus our strategies and efforts on the material sustainability risks and opportunities that reflect our most significant impacts and are of greatest importance to our key stakeholders.
We regularly undertake an assessment to identify the most material ESG factors facing our business. In 2017, we conducted a four-step exercise to identify and prioritise the ESG factors that are most material to us. For details of the process, please refer to the diagram below. The Board has signed-off on our material ESG factors and takes them into considerations as part of its strategy formulation.
As we progress on our sustainability journey and our business context changes, we will continue to evolve and update our understanding of materiality through stakeholder engagements and in consultation with management across our operations globally.
Our material ESG factors are managed through our policies, procedures and programmes. We monitor our performance and drive improvement through a set of Key Performance Indicators (KPIs) and targets that are embedded into management objectives across our different business units and functions.