We begin our materiality assessment from the outputs of the our Enterprise Risk Management Framework which identifies the top risks and opportunities of the Group. We next determine their materiality by considering both financial and non-financial impact and implications for our key stakeholders. Responsibilities for management and reporting are then assigned for each material ESG factor identified.
The Group first conducted its materiality assessment in 2013 and undertook a review in 2015. In 2019, the material ESG factors were re-organised into ten factors under the categories of Environmental, Social and Governance and aligned with the UN SDGs for greater focus and clarity.