- Sustainable Governance
- Sustainable Strategy Blueprint & Goals
- Contributing to the UN SDGs
- Materiality Analysis & Stakeholder Engagement
Materiality Analysis & Stakeholder Engagement
Based on the 8 reporting principles of GRI Standards, SYSTEX conducts the process of “Materiality Analysis” and collects the sustainability status to compile sustainability report and disclose its sustainable performance. After analyzing leading companies and industry-related issues, SYSTEX has compiled 20 sustainability topics and conducted a survey determined stakeholder concerns for sustainability topics. The Sustainability Group assessed impacts and probabilities, and made rankings with external experts. Finally, the CSO approved 9 material topics.
2022’s 20 sustainability topics were updated with “Intellectual Property Management” merging with “Innovation and R&D” into “Innovation, R&D and IP. Management,” “Diversity and Equality” and “Non-discrimination” into “Diversity, Equality, and Inclusion.” Human rights are now in GRI general disclosures, evaluating impacts and probabilities, and drawing a human rights risk matrix to minimize impacts. Compared with the previous year’s topics, “Sustainable Products and Services” and “Information Security” were promoted to the top 2 and newly included as the material topics; “Regulatory Compliance” was excluded because internal training and management reduced negative impacts.
1. Identify Material Topics
According to AA1000 SES, SYSTEX identifies 7 types of stakeholders. Following GRI standards, SASB – Software & IT Services and integrating the concerns of benchmark enterprises and stakeholders, SYSTEX has summarized 20 Sustainability Topics, which were divided into 3 aspects: economy, environment, and human capital/society.
2. Assess Importance of Stakeholders
SYSTEX sends materiality questionnaires to its executive-level and stakeholder representatives to understand the concerns of stakeholders on each sustainability topic.
3. Analyze Materiality
The Sustainability Group assessed “positive/negative impact” and “probability” of each sustainability topic, collected 10 economic, 7 environmental, and 7 social questionnaires with a total of 24 questionnaires, and drew the materiality matrix.
4. Review Disclosures
Consider concerns of stakeholders and external experts, and rank sustainability topics according to the “positive/negative impact” and “probability.” Finally, the CSO approved 9 material topics. The Sustainability Group will then refer to the GRI and list the corresponding indicators for data inventory.
List of Sustainability Topics
Positive and Negative Impact Matrix
Reference to the “GRI 3: Material Topics 2021”, SYSTEX assessed the positive/negative impacts and possibilities of each topic. Among them, “Social Engagement,” “Sustainable Products and Services” and “Economic Performance” are topics with high positive impact, while “Sustainable Products and Services” and “Talent Development” are topics with high negative impact.
Topics with High Positive Impact
Topics with High Negative Impact
Ranking Material Topics
Changes in Material Topics
Materiality of sustainability issues were ranked by impact, probability, and stakeholder concerns. 9 with above-average scores were chosen as material topics for the year. 2 material topics, “Sustainable Products and Services” and “Information Security” this year address the urgency for sustainable transition, customer privacy, and trade secret protection. “Regulatory Compliance” did not make the cut due to lower impact but will still be monitored for compliance with economic, social, and environmental requirements.
Material Topics and their Meanings and Impacts on the Value Chain, and related Policies, Strategies and Grievance Mechanisms
SYSTEX Group identifies 9 material topics across “governance, environment and social”, and demonstrates the meanings of these material topics to SYSTEX, management policies, grievance mechanism and direct/indirect impacts on internal stakeholders or external stakeholders along the entire value chain, and then displays the scope of impacts on these stakeholders, identifying the types of impacts that affect them.
Goals for Material Topics
Stakeholder Engagement and Communication Channels
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