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.


Once we have the results of the assessment, the Sustainability Working Team is responsible for reviewing and identifying potential issues that may arise and affect the entire value chain under the relevant global and local sustainability context. The issues are evaluated using a matrix diagram that considers the average score of each issue’s level of possibility.

The materiality assessment consists of material issue identification, ranked low, medium, and high by importance, and their respective boundaries. The board-level Sustainability Committee and Board of Directors examine any crucial issues before the Board of Directors issues an endorsement. The materiality assessment also impacts how we report our business and sustainability efforts.