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Materiality Assessments Materiality Assessments

Materiality Assessments

Materiality Assessment

In addition to setting development goals and key performance indicators (KPIs), both of which empower organizations to use their full potential, Osotspa believes that identifying and prioritizing the major issues which affect the organization and its stakeholders is critical to shaping our business across economic, social, environmental, and governance aspects

We thus conduct materiality assessments in accordance with the GRI Standards to ensure that our business takes into consideration the changing economic, social, and environmental contexts. Our materiality approach consists of 5 steps that are repeated in the same order for each reporting cycle.

1
Identification
2
Prioritization
3
Validation
4
Engagement
5
Reporting

Top Materiality Issue

  • 1
    Supply Chain Management
  • 4
    Consumer Health & Well-being
  • 7
    Energy & Climate Management
  • 8
    Water and Wastewater Management
  • 9
    Sustainable Packaging
  • 2
    Supply Chain Management
  • 3
    Product Quality & Safety
  • 5
    Responsible Communication & Product Labelin
  • 6
    Corporate Citizenship & Philanthropy
  • 10
    Waste Management
  • 11
    Human Capital Development
  • 12
    Labor Practice

Materiality analysis is conducted and reviewed at least annually, based on the principle of double materiality, and incorporates input from both internal and external stakeholders. The Sustainability Department reviews and identifies material topics that may impact the value chain at both global and local levels. These topics are assessed and prioritized through a materiality matrix, considering the average score of likelihood and impact.

The process includes ranking material topics (low, medium, high) and defining relevant boundaries. The results are reviewed by the Sustainability Committee and the Board of Directors, with final approval by the Board. The validated outcomes are used to guide sustainability reporting and disclose key issues relevant to the Company’s business operations and sustainable development.

Furthermore, the material topics identified are integrated into the Company’s Enterprise Risk Management (ERM) framework to ensure the development and implementation of comprehensive risk management activities.

Likelihood Rare Possible Likely
Definition Not Happened
in 3 Years		 Rarely Happened
(1-2 times in last 3 years)		 Already Happened
(3 times or more occasions within last 3 years.)
Impact Low Medium High
Definition < 100 MB and Other Qualitative Factors 100-250 MB and Other Qualitative Factors > 250 MB and Other Qualitative Factors