GC employed two-way communication approach in an identification of GC's materiality issues. Not only that GC focused on internal issues, but also external issues have been taken into consideration as well. The internal issues included, strategic direction of the company, important risks and opportunities of the company, and corporate sustainability assessment results. On the other hands, the external issues embraced stakeholder expectation and interest surveys throughout the value chain, global movement and mega trend
Materiality has been considered annually. Result are paramount importance for decision making of appropriate policies and sustainability strategies.
Report Content Defining Process
GC has reviewed both internal and external sustainability issues related to our business operations throughout 2021 by taking into consideration the company’s key risks, the expectation of all stakeholder groups, sustainability trends, and the directions of the petrochemical industry. GC has employed the principles of the Global Reporting Initiative (GRI), Dow Jones Sustainability Indices (DJSI), Task Force on Climate-related Financial Disclosures (TCFD), and the United Nation Sustainable Development Goals (SDGs) in the consideration process, which comprises four main stages as follows:
Identification of Material Issues and Definition of the Reporting Scope
Identify material issues that affect the sustainability of the company, covering economic, social and environmental dimensions and consider risks and opportunities of the company’s business from both internal and external factors throughout the supply chain.
Prioritization of Materiality Issues
Prioritize materiality issues in accordance with the evaluation of risk and opportunity from the business operation and stakeholders’ interests.
Verification of Materiality Issues
Consolidate and conclude materiality issues evaluation and Identify the linkage between material issues and GRI topics, in addition, specify the reporting scope of each issue.
Continuously Develop the Report
Disclosed data in the Integrated Sustainability Report is reviewed continuously.