HLC conducts materiality analysis based on GRI Standards 2021, Stakeholder Engagement Standard (AA1000 SES), and Accountability Principles (AA1000 AP) to identify its material sustainability issues. We also formulate management approaches and develop medium- to long-term goals as the foundation for promoting sustainability. Furthermore, we hope that through the process of assessing material sustainability issues, we can build internal consensus and turn it into action plans, prompting the organization together toward long-term stable and impactful sustainable development goals.
Stakeholder Engagement HLC identifies six main categories of stakeholders using the five principles (Dependency, Responsibility, Influence, Diverse Perspectives, Tension) of the AA1000 Stakeholder Engagement Standard (SES). HLC considers issues of concern to stakeholders and comprehensive engagement to understand the issues and various stakeholders’ needs, to facilitate effective communication through diverse channels.
Process for Determining Material Topics HLC adheres to the spirit of GRI 3: Material Topics from the GRI 2021 Universal Standards. We comprehensively define the content and scope of material topics and incorporate the impact on economy, environment, people, and human rights. Through the GRI 3 “Process for Determining Material Topics” (which includes continuous identification and assessment of impacts, and determining material topics for reporting), we identify issues with a significant impact on HLC. These are then discussed internally by representatives from operational management units, who then set short-, medium-, and long-term sustainability targets. Relevant actions are subsequently integrated into our operational activities. HLC’s Material Topics Analysis Process HLC’s Materiality Matrix