Our Approach

Materiality

Materiality process

Materiality analysis enables Sembcorp to define sustainability issues that are of greatest significance to our businesses and stakeholders over the long term.

We conducted our first materiality analysis in 2012, where we invited external stakeholder feedback on our material issues. In 2016, we conducted a review of our material issues, which included a stakeholder engagement survey, inviting input from internal and external stakeholders globally. Over 300 stakeholders were invited to provide feedback on our material issues. Following the review, we streamlined our areas of focus to 10 material ESG issues. These material issues were approved by our board and senior management. In 2017, the SSC reviewed the material issues and validated their continued relevance. As part of the review, Security was highlighted as an emerging issue. The Group Health, Safety, Security and Environment (GHSSE) department will oversee the management of the issue. For each material issue, we report its importance in the context of sustainability and its relevance to Sembcorp, as well as our management approach and performance.

Sustainability issues have been identified in line with the Global Reporting Initiative (GRI) Standards for sustainability reporting. The materiality review took into account GRI G4’s Electric Utilities Sector Supplement Disclosure, the Dow Jones Sustainability Asia Pacific Index and other relevant frameworks and peer reviews. We prioritised issues using a materiality matrix, taking into account their significance to Sembcorp and our stakeholders.

Our Material ESG Issues

Through engagement with our stakeholders, and our materiality identification and review process, the issues presented in the table below have been identified to be material to us. Mitigating the risks and pursuing the opportunities presented by these issues, as well as the related SDGs, is part and parcel of how we drive success for the Group.

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