In assessing materiality, ST Engineering considers factors that impact our businesses and our stakeholders, from both the financial and non-financial perspectives. Our key stakeholders include shareholders and investors, customers, regulators and governments. employees and other workers, suppliers and collaborators, and local communities. In 2013, the Group's Risk Management Department conducted our first materiality assessment according to GRI G4 guidelines. Material ESG factors were identified and responsibilities for management and reporting were assigned to each material factor owner. The material factors were mapped onto the key business risks of the Group to ensure completeness and a clear understanding of the risks each material factor posed. In 2015, the key business risks and material factors were reviewed and revisions were made where relevant. In 2019, the Group’s material ESG factors were reorganised into ten areas for greater focus and clarity. They were mapped into Environmental, Social and Governance categories and aligned with the UN SDGs. Due to the evolving business environment and the recent reorganisation in 2021, the Group will conduct a review of its material ESG factors in 2022. Low Medium High STAKEHOLDER INFLUENCE ECONOMIC, ENVIRONMENTAL & SOCIAL IMPACT Low Medium High Supplier Assessment Local Communities Environmental Products & Services Non-Discrimination Compliance (Products & Services) Procurement Practices Labour Management Relations Occupational Health & Safety Anti-Corruption Training & Education Economic Performance Energy & Greenhouse Gas Emissions Freedom of Association & Collective Bargaining Customer Health & Safety Employment Labour Practices & Grievances Mechanism Governance 10 Ethical Business & Regulatory Compliance Environmental 1 Environmental Protection 2 Productivity 3 Green Products & Services Social 4 Economic Performance 5 Quality Products & Services 6 People Excellence 7 Total Workplace Safety & Health 8 Responsible Procurement 9 Corporate Community Contributions OUR SUSTAINABILITY APPROACH MATERIALITY ASSESSMENT 11 ST ENGINEERING SUSTAINABILITY REPORT 2021 OVERVIEW OUR SUSTAINABILITY APPROACH ENVIRONMENTAL SOCIAL GOVERNANCE AWARDS INDEX
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