Our Approach

Materiality

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 2018, in line with the development of our Sustainability Framework, our management, with guidance from the board’s Risk Committee, updated the ESG issues that are material to the Group’s long-term sustainability.

Our material sustainability issues are reviewed and endorsed by our Sustainability Steering Committee and the board annually.

Sustainability issues have been identified in line with the Global Reporting Initiative (GRI) Standards for sustainability reporting, as well as the GRI G4 Electric Utilities Sector Supplement Disclosure and other relevant frameworks and sustainability ratings. We prioritise issues using a materiality matrix, taking into account their significance to Sembcorp and our stakeholders.

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