Identification of Material Topics
To ensure that the information disclosed in this Sustainability Report aligns better with international sustainable development trends, TSC referred to the materiality identification process of GRI Standards (2021), including Understanding organizational context, Identification of impacts, Significance assessment, Identification of material topics, and Defining the boundaries of material topics, to establish a materiality analysis framework.
| 1. Understanding organizational context and collection of sustainability issues | To understand the organizational context and collect sustainability topics, TSC referred to the GRI Topic Standards and Sector Standards published by Global Reporting Initiative (GRI) (in February, GRI has published the GRI 11: Oils and Gas Sectors 2021, GRI 13: Agriculture, Aquaculture, and Fishing Sectors), Sustainability Accounting Standards Board Standards (SASB), SDGs and important issues in the food industry, etc., with reference to the opinions of stakeholders, a total of 46 sustainability topics were summarized, and the topics cover the economic (including governance aspect), environmental and social aspects of sustainability. | 3 major aspects of sustainability 46 sustainability issues |
| 2. Identification of actual and potential impacts | External ESG experts scored the actual and potential negative and positive impacts of the topics on economy, environment, and society (human and human rights). | - |
| 3. Assessment of the significance of impact | The overall score is based on the sum of the scores of the actual negative impact, potential negative impact, actual positive impact, and potential positive impact of each topic on economy, environment, and society (human and human rights) for prioritization, and those with a total score of 30 points and above are topics with significant impacts. | - |
| 4. Inspecting and confirming material topics | TSC first checked whether the possible material topics listed in the Sector Standard for Oil and Gas and Sector Standard for Agriculture, Aquaculture, and Fishing are consistent with the topics evaluated to have significant impacts. Then through discussions in the Sustainability Report Editing Group (comprising representatives from various departments, regions, and units) meeting, a total of 31 material topics were determined as the priority reporting topics. | 31 material topics |
| 5. Defining the boundaries of material topics | After analysis, the material topics used the value chain as the boundary analysis element. In the future, TSC will continue to strengthen management and disclose relevant information in the Sustainability Report. | The value chain was used in the boundary element analysis. |
