SUSTAINABILITY STATEMENT MATERIALITY WSC 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 Group as it responds to the ESG issues, risks and opportunities seen in emerging global and local trends, fundamental stakeholder interest, industry best-practice and WSC’s overall corporate context. Stakeholder Groups Participating in the Survey meeting expectations and delivering our commitments sharing benefits wherever we operate and making positive contributions For our customers With communities Shareholders and Investors Customers Employees Vendors/ Suppliers Media Regulators and Authorities Conduct business ethically and sustainably Respect human rights throughout operations the extended value chain Adhere to all applicable employment and human rights laws where operations are based Align human rights commitment with core values throughout all operations Abide by international human rights instruments, including the Universal Declaration of Human Rights 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 stakeholder 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 within each stakeholder group to rectify the sample imbalance. An average rating from all eight stakeholder groups was then obtained. We also asked eight members of our senior management team to complete the survey. Their views represented WSC. Annual Report 2022 Wah Seong Corporation Berhad 15
RkJQdWJsaXNoZXIy NDgzMzc=