E.SUN identify material issues by latest GRI Universal Standards 2021 and AA 1000
Account Ability Principle Standard, including the principles of materiality,
inclusiveness, responsiveness, and impact, to identify material issues. We further
assessed the impact of each material issues on the economy, environment, and human
rights. These materiality is the basis for planning our sustainable development
strategy, and also the basis for information disclosures.
■ Implementation Steps
1. Confirming Organizational
Connections
Determine organizational connections based on E.SUN's operating scope and business
scope.
2. Focus on sustainability issues
21 sustainability
issues
Referencing international sustainability standards and guidelines (GRI Standards,
SASB, SDGs, GRI Financial Services Sector Supplement, ISO 26000, TCFD),
sustainability investment ratings (DJSI, CDP, MSCI), domestic and foreign financial
industry cases, and stakeholder communication processes, the office of CSO has
compiled and listed 21 sustainability issues.
3. Identify stakeholders
7 major stakeholder
groups
Following the five dimensions of the AA1000SES Stakeholder Engagement Principle
(AA1000 Stakeholder Engagement Standard): influence, attention, responsibility,
dependency, and diversity, 18 internal units were sent stakeholder identification
questionnaires. The results were compiled and approved by the office of CSO, and
classified into 7 stakeholder groups: employees, customers, shareholders/investors,
government agencies, media (including rating agencies), communities (surrounding
communities, public welfare and environmental partners), and suppliers.
4. Analyze operational impact
The 'Sustainability Issue Impact Assessment Form' was sent to the 18 units (same as
the stakeholder identification units), asking each unit to evaluate the 21
sustainability issues based on the six dimensions (increasing revenue, reducing
costs, improving customer satisfaction, enhancing brand image, reducing operational
risks, and stimulating innovation opportunities). The evaluation results serve as a
reference for the impact level of the issues.
5. Analyze economic, environmental, and
social impacts
The 'Economic, Environmental, and Social Impact Assessment Form' was sent to the
relevant units for the 21 sustainability issues, asking them to evaluate the
positive or negative impacts on the economy, environment, and people caused or
received by E.SUN's business activities/products/services, etc. The evaluation
results were compiled by the office of CSO.
6. Assessing impact significance
The office of CSO comprehensively considers the results of Step 4 operational impacts
and Step 5 economic, environmental, and social impacts, setting impact significance
thresholds.
7. Confirming material Issues
13 material
Issues 11 GRI themes
Based on the impact significance thresholds, the office of CSO has identified 13
material Issues
for 2022 from 21 sus-tainable issues, which have been reported to the Sustainable
Development Committee and the Board of Directors.
Disclosure in the report: In accordance with GRI reporting requirements, this report
explains the rationale, short-medium-long term goals, results, and management
approaches for material Issues. The 13 material Issues for 2022 cover 11 GRI themes,
including 9 GRI standard themes, 1 general disclosure themes, and 1 GRI G4 financial
industry sup-plementary indicator consideration aspect and 1 customized theme.
