MATERIALITY ASSESSMENT Our sustainability strategic planning processes are guided by the concept of materiality. Identifying, comprehending, and concentrating on Economic, Environmental, Social and Governance (<EES=) issues. Our materiality was reviewed based on the relevance for our business and industry, particularly those that signiûcantly inûuence the assessments and decisions of our stakeholders. This is vital to prevent signiûcant repercussions for our organisation as a whole. As part of our commitment to enhance and refresh broader management buy-in on the importance of sustainability and risk management, we engaged an external consultant to facilitate our materiality assessment for the reporting year. In this exercise, we followed these steps: Peer Review • Consolidated issues based on reports from local and established peers. Local companies are subjected to conditions unique to Malaysia - therefore a good basis for benchmarking. • The materiality matrix exercise and peer review also help Tropicana understand how the stakeholders9 view of material issues in environmental, social, and economic/governance dimensions that will inûuence the value creation process, and triple bottom line impacts. Standards & Frameworks • Industry standards from recognised global frameworks (GRI Standards) and Bursa Malaysia9s reporting framework have been used to identify potentially relevant material issues. Stakeholder Engagement • Engaged with key management to obtain insights on the prioritisation of the material topics. We leveraged their experiences and insights obtained throughout their day-to-day work which involves extensive interaction with external stakeholders. • We conducted a half-day materiality workshop involving broader management personnel and any other interested party to discuss updates in sustainability reporting and preliminary material sustainability matters. • In order to encourage participation and input, we obtain management input by way of a survey. The survey allowed us to share key outlines of every material topic for the assessment and feedback from respondents. Materiality Assessment Prioritisation • Based on the results of our peer review and benchmarked against industry standards as well as feedback from the stakeholder engagement, we proposed a materiality matrix which visualised the Group9s prioritisation of its material matters. • The new materiality matrix was plotted according to the EESG impact it brings to the business and its triple bottom line as well as its inûuence on stakeholder assessment and decisions. Validation • The new materiality matrix was present to the RMSC and the Board. • The Board deliberated and endorsed the updated material matters and materiality matrix which will be included in the FY2024 Group Sustainability Statement. 104 ANNUAL REPORT 2024
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