Datasonic Group Berhad Annual Report 2021

2021 ANNUAL REPORT 35 Materiality concerns topics that have a direct or indirect impact on an organisation’s ability to create, preserve or erode economic, environmental and social value for itself, its stakeholders and society. The materiality assessments allow us to prioritise economic, environmental and social impacts that are most significant to Datasonic. Therefore, to identify issues of the highest concern among our major stakeholders, we conduct surveys through the following steps. Identifying issues of the highest concern at Datasonic. MANAGING MATERIALITY SUSTAINABILITY STATEMENT We annually update a shortlist of relevant topics based on an analysis of stakeholder feedback, continuous stakeholder engagement, risks and opportunities and a review of the industry and relevant global trends. In order to select the material topics, the relevant topics are assessed on both the significance of our economic, environmental and social impacts as well as the relevance to our stakeholders. The impact of these topics is gauged using available data, stakeholder feedback, discussions with senior management and the Board of Directors. The results of the materiality assessment are used to shape our strategy, as well as to define the content of this sustainability statement, in line with the GRI principles for defining report content. Identification of relevant aspects Analysis and prioritisation Implementation: strategy and report structure