Wah Seong Corporation Berhad Annual Report 2021 15 SUSTAINABILITY STATEMENT Materiality In 2021, Wasco commissioned an external consultant to conduct a materiality assessment. The Group appointed an impartial, external party to protect the anonymity of the respondents. This assessment is essential to the Company as it responds to the ESG issues, risks and opportunities, seen in emerging global and local trends, fundamental stakeholder interest, industry best-practice and Wasco’s overall corporate context. Stakeholder Groups Participating in the Survey Shareholders and Investors Customers Employees Vendors/ Suppliers Media Regulators and Authorities Communicating our firm position on anti-corruption and anti-bribery to all stakeholders Employees receive a copy of the Employee Handbook, which includes anti-corruption and anti-bribery, upon joining the Company. Each must sign an acknowledgement form and return it to the Human Resources Department. Employees are reminded of our firm opposition to corruption during regular engagement sessions and training via iLearn The anti-corruption policy is also communicated to suppliers, contractors, subcontractors, agents, joint venture companies and third parties. The survey asked stakeholder representatives to rate the importance they placed on 18 areas of sustainability. We asked respondents to indicate how important each criterion was, on a scale of ‘very unimportant’ (1) to ‘very important’ (5). We employed a 5-point Likert Symmetric Scale so respondents could specify their level of agreement with (3) being neutral. We discovered a natural skew in the results as each stakeh ld r group was not represented equally. Unsurprisingly, we received the most responses from our employees and the fewest from Regulators & Authorities and Media. We calculated an average score for all areas withi each stakeholder group to rectify the sample imbalance. An average rating from all eight stakeholder groups was then obtained. We also asked eight embers of our senior management team to complete the survey. Their views represented Wasco.
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