Our Approach

Materiality

Our Focus Areas

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 and 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 have streamlined our areas of focus to 10 material ESG issues. For each material issue, we report its importance in the context of sustainability, its relevance to Sembcorp, as well as our management approach and performance.

Sustainability issues were identified in line with Global Reporting Initiative (GRI) G4 guidelines. The materiality review took into account GRI's Electric Utilities Sector Supplement, 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

At Sembcorp, we believe in building sustainable businesses that support development, improve the quality of life and deliver long-term value and growth. Through engagement with our stakeholders and our materiality identification and review process, the following issues have been identified to be material to us. Mitigating the risks and pursuing the opportunities presented by these issues is part and parcel of how we drive success for the Group.

Focus Areas Material Issues
Environmental  
To responsibly manage and reduce our impact on the environment as well as to effectively manage environmental risks to our operations

Climate change
To have a business portfolio that balances the economic expectations of our stakeholders and our businesses’ impact on the climate

Local environmental protection
To fulfil our duty to protect the environment and conserve resources, while providing competitive and reliable solutions for our stakeholders

Energy and water efficiency
To improve energy and water efficiency through good and economically viable environmental practices

Social  
To be a responsible business that ensures the health and safety of our people, and makes a positive impact on our people and communities

Health and safety
To make health and safety management an integral part of our everyday business and culture

Our people
To offer a compelling employment experience for our people to develop and excel

Community
To be a responsible business that makes a positive impact to our communities

Governance  
To maintain high standards of behaviour and integrity and be best in class for governance practices

Corporate governance
To have an effective governance and decision-making structure

Risk management
To ensure effective identification and management of all material risks

Compliance
To comply with all legal and regulatory requirements

Ethical business practices
To ensure we conduct our businesses legally, fairly, honestly and with integrity

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