Annual Report 2023 49 MATERIAL MATTERS We assess and determine the Group’s key sustainability matters through a materiality assessment process involving internal and external stakeholders. This allows us to identify the sustainability topics that are most important to our business and our stakeholders. By prioritising the most pertinent topics, we can effectively focus our efforts on matters that we will have the greatest impact on, while also meeting the expectations of our stakeholders. Materiality Methodology Following our materiality assessment, we deem the 27 material matters were still relevant to our business in FY2023 and continue to review the topics under three sustainability pillars of Economic, Environmental, and Social, as shown in the matrix below. Identification of relevant aspects We update a shortlist of relevant topics based on an analysis of stakeholders feedback, continous stakeholder engagement, risks and opportunities and a review of the industry and relevant global trends. Analysis and prioritisation In order to select the material topics, the relevant topics are assessed on both the significance of our economic, environmental and social impacts as well as the relevance to our stakeholders. The impact of these topics is gauged using available data, stakeholder feedback, discussions with senior management and the Board of Directors. Implementation: strategy and report structure The results of the materiality assessment are used to shape our strategy, as well as to define the content of this Sustainability Statement. Occupational safety and health Data privacy and security Benefits Career Development Quality Customer feedback / satisfaction Discrimination End of life management Active and responsible marketing Exercising employees’ right Child and compulsory labour Diversity and inclusion Public policy and lobbying Employee volunteerism and support charities Community engagement Conserving environment with technology Waste Water Climate change and energy Level of Stakeholder Concern Relevance to Datasonic Environmentally-friendly materials, components and products Employee engagement and satisfaction Employer / employee relations Economic and business performance Ethical business practises Bribery and corruption Anti-competition Legend: Social | Economic | Environment Responsible sourcing and life cycle impacts SUSTAINABILITY REPORT
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