There has been an increasing global focus on environmental, social, and governance (ESG) issues by various stakeholders, including investors and regulators. Matrix has always recognized that maintaining good ESG performance is vital for creating value. By embracing sustainability, companies can enhance its financial performance by improving operational efficiency, productivity, and cost savings in the long term. Moreover, by engaging in sustainable efforts enables organizations to become more resilient to external shocks and mitigate the impact of risk factors that could adversely affect value creation, such as climate change and labor rights issues.
For FY2022 Matrix conducted a comprehensive reassessment of its material topics. The Materiality Assessment Exercise (“MAE”) conducted by Matrix, involved both internal and external stakeholders towards gaining a more comprehensive and inclusive assessment on material topics. The MAE process involved a detailed analysis of potential topics drawn from a universe of best practice, globally recognised and local sustainability frameworks. These include the Global Reporting Initiative (GRI), Bursa 2nd Edition of Sustainability Reporting Guide, FTSE4Good, Task Force on Climate-Related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB). The list of potential material topics was refined after which an online survey/questionnaire was distributed to invited stakeholders to assess its views. Matrix has also aligned its material topics with its stakeholders including individuals, groups, or entities that can influence or be impacted by its operations. This includes supply chain and development partners, customers and communities, investors, employees, and government/industry.
Source: BIMB Securities Research - 12 May 2023
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