Materiality Analysis
In 2023, the list of material topics was compiled by collecting a total of 285 questionnaires, from which 13 issues related to corporate governance, society, and the environment were selected. The level of stakeholder concern for these issues was analyzed and statistically evaluated. Responsible units then discussed and ranked the impact of each issue on the economy, society, and the environment. Following a materiality matrix analysis, the Sustainability Development Committee members further deliberated on these issues. Finally, after review, adjustment, and confirmation by the management, a total of 9 highly important issues were identified.
The Sustainability Development Committee follows the GRI 3: Material Topics 2021 to conduct materiality analysis on sustainability issues. The identification process is as follows:
Identifying Issue Questionnaire
The identification of material topics is based on the adjustment of the material topic list from recent years. In addition to considering the impact of the company's products on the economy, society, and environment based on industry characteristics, new trends in sustainable development, concerns of the same industry, and the actual needs and expectations of stakeholders are also key considerations in the identification process. This ensures the significance, completeness, and inclusiveness of the topic list.
Identifying Material Topics
The collected questionnaires statistically analyze the differences in the degree of concern among various stakeholders for each topic and the main risks and potential opportunities that each topic may pose to the company's operations and sustainability strategies. The responsible units assess the impact of relevant topics on the environment, society, and economy, as well as their impact on the company's internal operations, to rank and identify major concerns.
Confirming Material Topics
The preliminary results of material topic identification and ranking are submitted to the management for adjustment and confirmation of material topics to ensure that the results comply with the GRI principles of materiality, completeness, and stakeholder inclusiveness. The impact and boundaries of material topics on the company's internal and external organizations are also grasped to formulate strategic directions and response measures, which are included in the annual report as a reference.
Reviewing and Examining Completeness
The preparation of the sustainability report follows the identified material topics, covering their scope, boundaries, and reporting period. The Sustainability Committee members and responsible units conduct a final review to ensure that the information on material topics is fully and truthfully disclosed in the report.
In 2023, a total of 285 questionnaires were collected for the material topic list. The degree of concern among stakeholders for relevant topics was analyzed and statistics were compiled. Based on the "double materiality" principle proposed by the European Union and the GRI 3 Material Topics 2021 guidelines, a materiality analysis was conducted on sustainability issues. Responsible units discussed and ranked the impact of each topic on the economy, society, and environment, as well as the impact on the company's internal operations. After evaluating the impact on internal and external operations, the Sustainability Development Committee members further discussed the results. Finally, the management reviewed, adjusted, and confirmed the material topics, including voluntary disclosures on some important topics based on regulations. A total of 9 highly important issues (listed below) were identified as the major disclosure topics for this report. We hope to focus more on providing feedback on issues that stakeholders are concerned about, in order to manage and promote the company's sustainability strategies more effectively.
Materiality Analysis Matrix
