In the process of promoting enterprise sustainability, Eurocharm refers to the latest version of the AA 1000 Accountability Principle: 2018 and follows the four principles of Inclusivity, Materiality, Responsiveness and Impact. We determine the major theme through seven major steps of “stakeholder identification”, “sustainable topic collection and summary”, “level of interest in the survey topic”, “analyzing operational impact”, “materiality analysis and identification”, “decision for revealing the boundary”, and “reviewing achievement of the goal”. Eurocharm regularly reviews the feedback from stakeholders and the development trend of ESG issues and performs materiality analysis to identify significant ESG issues at the same time. Based on this, we establish mid- and long-term ESG goals, take specific action plans, track the progress and effectiveness of ESG actions, and expand our sustainable influence on society. At the same time, Eurocharm also follows the GRI Standards to identify material topics and integrates the spirit of risk management to evaluate the risk trend and impact of major ESG topics and explain to the public how Eurocharm promotes mitigation of risk impacts and builds resilient operations organization.

Materiality Analysis Process

InclusivityMaterialityResponsivenessImpact
Stakeholders relavant to the duties of each department were identified, including shareholders, government agencies, customers, suppliers, employees, and the media. The Group follows the AA 1000 SES (Stakeholder Engagement Standards) and has prioritized the object of communication. Based on the GRI Standards, international sustainable development trends, and business strategies, 31 ESG topics were summarized as the basis for designing the questionnaire.The materiality survey is mainly collected through online questionnaire. A survey on the degree of concern and impact are conducted every 2 years. A total of 41 questionnaires were collected to analyze the level of attention from stakeholders on the ESG topics of Eurocharm. Impact of ESG topics on the Group’s operations are measured according to severity (including human rights), time of occurrence, and likelihood, which are then weighted for factors such as peers, customers, international trends / national policies, etc., to examine the Company’s blueprint of sustanibility in the long-term development.Based on the 2022 materiality survey and analysis results, 8 ESG materiality topics were identified, and their management principles were disclosed. These topics include economic performance, energy, waste, emissions, occupational safety and health, customer privacy, employment, and purchasing practices. Annual action plan was publicly disclosed.The group has set a goal for various material ESG topics and reviewed the progress of the annual goals as the basis for the adjustment of various ESG projects in the next year, and disclosed them in the annual sustainability report and annual report every year. To convey the direction of Eurocharm ESG investment to the outside world and achieve progress.
Stakeholder IdentificationCollection and Summarization of Sustainability TopicsSurvey Topic Concern LevelMateriality Analysis and IdentificationDeciding Disclosure BoundariesReviewing the Level of Goal Achievement
6 6Stakeholders33 Topics41 Questionnaires8 Material Topics8 Specific TopicsReaching the goal
Stakeholders relevant to the duties of each department were identified, including shareholders, government agencies, customers, suppliers, employees, and the media.Based on the GRI Standards, international sustainable development trends, and business strategies, 31 ESG topics were summarized as the basis for designing the questionnaire.41 questionnaires on the level of concern from stakeholders were collected, including 12 form shareholders, 1 from government agencies, 1 from customers, 11 from suppliers, 14 from employees, and 2 from the media.According to the analysis results, Eurocharm’s material topic matrix is illustrated. 8 material topics were identified: economic performance, energy, waste, emissions, occupational safety and health, customer privacy, employment, and purchasing practices.The material topics identified through analysis is the disclosure boundary of sustainable information, aiming to understand the impact of sustainability topics across upstream and downstream of the industry. Collection and disclosure of the sustainability information are conducted based on reporting requirements and management policies for each topic.The Company continuously review the achievement and performance of ESG goals.

Material Topics Matrix

Material topics Correspond to GRI Standards