MISC’s ability to create value over the short, medium and long term is inﬂuenced by the material factors that are most important to our business and stakeholders. Our materiality assessment enabled us to gain a clearer understanding of the factors that most concern our stakeholders and have the potential to significantly impact our business. The identified material matters play a significant role in the formulation of our forward moving strategy.
The following graphic presents the process we use to derive our material matters:
The following matrix presents the Group’s material matters:
Results of our materiality assessment have been used in our business practices to:
- Align our Sustainability Strategic Priorities with our material matters and relevant UNSDGs;
- Guide us on the disclosure topics in our annual reporting;
- Reinforce the linkages between ESG risks, opportunities and corporate purpose; and
- Guide us in setting our sustainability-related targets and commitments.