Materiality

SCGP manages its sustainability through the collection and prioritization of issues by reviewing and prioritizing the materiality issues in accordance to the GRI Standards (GRI 3: Material Topics 2021) and principle of double materiality. The materiality analysis is conducted annually based on consideration of both internal and external impacts. At the same time, the company employs stakeholder engagement to prioritize the materiality of the issues in order to be implemented.

Process of Materiality Assessment and Prioritization

01
Collect and Identify Sustainability Issues
  • Analyze sustainability issues throughout the value chain covering activities from raw material procurement, production, transportation and distribution, the use of products and services, and analysis of significant changes.
02
Materiality Prioritization
  • Identify the actual and future impacts of materiality issues by various committees under the supervision of the SCGP ESG Committee.
03
Review and Validate
  • Evaluate impacts on economy, environment, society, and others aspects according to the enterprise risk management principle.
04
Communicate Materiality Issues to All Stakeholders
  • Evaluate and prioritize SCGP materiality in accordance with importance to SCGP and importance to stakeholders with the participation of the Chief Executive Officer and high-ranking executives to mutually agree and approve.

Analysis of materiality issues from stakeholders

  • Key issues in Container and Packaging Industry based on the principles outlined of the GRI Standards, the Sustainable Development Goals (SDGs), the Task Force on Climate-related Financial Disclosures (TCFD), and sustainability assessment indices from leading organizations such as DJSI, MSCI, Sustainalytics, FTSE4Good and EcoVadis.
  • Stakeholders’ interests.
  • Survey results from stakeholder engagement and materiality survey, ESG Symposium survey and Supplier Day survey.

Analysis of materiality issues within SCGP

  • Significant impacts on SCGP according to enterprise risk management principles.
  • Chief Executive Officer and top executives shared opinions and approved through executive workshop.
  • Focus issues from ESG Committee which must be closely monitored.
  • Issues that has been set as short, medium and long-term goals for business. And its performance is part of the remuneration criteria for the Chief Executive Officer and top executives

In 2022, SCGP still prioritized the Materiality issues into 3 levels as follows;

I. Key Risk and Capturing Future Value Issues

  • Long-term development goals and progress
  • Management strategy (system/certified)
  • Verified data (3 years or more)

II . Issues that drive sustainable development (Enabler)

  • Management approach (system/recognized)
  • Verified data (3 years or more)

III . Issues that are fundamental to sustainable business operation (Business Fundamental) without any change in the Key Risk and Capturing Future Value Issues

  • Key elements of sustainable business practices
  • Management strategy (regular business operations)
  • Data management