Stakeholders
Material Topics Analysis
PTI follows the eight reporting principles in the GRI Standards including accuracy, balance, clarity, comparability, completeness, sustainability context, timeliness and verifiability. We analyze material topics with three steps including identification, prioritization, and verification and use the results to review the Company's sustainability status to empower continuous improvement across all organizations. Starting from 2021, PTI has adjusted the frequency of information collection on the level of concern of sustainability issue to stakeholders to once every three years to enable more effective tracking of the progress of sustainability targets. During this period, we continue to collect information and respond to the feedback and recommendations of stakeholders through diverse communication channels.
Material Topics Identification Process
Stakeholder Identification
Through the stakeholder identification process, the sustainable development steering group identified 6 categories of major stakeholders, which are shareholders/investors, employees, customers, suppliers, government agencies, and communities.
Sustainability Issues
We compiled 26 sustainability issues of PTI based on international sustainability standards (GRI Standards, RBA, SDGs, SASB), sustainability investment institutions (MSCI ESG Index, TCFD) and stakeholder engagement.
Sustainability Issue Analysis
- Stakeholder interest survey (frequency: once every three years)
- Through an online survey and paper-based survey in 2021, the 6 categories of stakeholders have evaluated their interests in the sustainability issues. A total of 527 valid questionnaires were collected. - Analysis of the impact on the economy, environment, and people (frequency: once every year)
- After considering the impact on the economy, environment and people, we invited sustainable development management representatives, members of the Sustainable Development Implementation Team and their managers to participate in the evaluation. We focused on revenue growth, customer satisfaction, employee motivation and operating risks and measured the positive/negative impact of each issue on the economy, environment and people.
Draft Material Topics Matrix
The material topic matrix is determined according to analysis results.
Decision of Material Topics
According to the analysis results of the material topics, there were 26 issues in the 2022 materiality matrix and we ultimately confirmed 14 material issues. We reviewed the scope of impact of the material topics on the upstream sections of PTI’s value chain, group operations and downstream boundaries, and identified 24 reporting requirements in accordance with the GRI Standards. We collected and disclosed internal information, data and management strategies.
Sustainability Context
We continue to collect issues that respective stakeholders are interested in and review the differences among material topics in the future in order to precisely keep track of the needs and expectations of the stakeholders.
Material Topics Matrix
In 2022, there are 26 major issues in the matrix of major themes. The major themes are mainly at the intersection of "medium-high" impact on stakeholder assessment and decision-making and the impact on the economy, environment and society. 14 are finally confirmed A major theme as the focus of disclosure. For the other 12 sub-themes, we also uncover management actions and performance.
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