Minor International Public Company Limited

Our materiality assessment process is based on the Global Reporting Initiative (GRI) Standards. Material Topics are reviewed and prioritized annually – by considering the most significant economic, environmental and social impacts to both Minor and our stakeholders.

Materiality Process
1. Identification Conduct external analysis and internal review to identify global and industry-specific sustainability trends as well as emerging regulations. Multiple references and sources are reviewed to minimize the chance that potentially relevant and emerging issues are overlooked.
2. Stakeholder Engagement Conduct internal and stakeholder engagement to identify material topics. Prior year’s issues are reviewed against new developments and updated based on current context.
3. Prioritization Prioritize material topics based on double materiality concept by considering financial and non-financial impacts. Financial impacts consider both risks and opportunities to the Company and is part of the Company’s Enterprise Risk Management process. Non-financial risks consider impacts both positive and negative to the environment and society where impacts on each group of stakeholders are considered and quantified, where possible.
4. Validation Validate the results of prioritization and present materiality matrix for approval by Sustainability Committee.
5. Disclosure Report management approach and performance of our material issues.
Materiality Matrix