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Materiality Analysis
I
n FYE2019 we conducted
a stakeholder survey and
materiality analysis by way of
interviews, questionnaires, desktop
peer analysis, industry analysis,
and consideration of relevant
sustainability trends. We wanted
to know how our Group and our
performance was perceived with
respect to sustainability and to
assess how this must translate
to future action. All stakeholders
were asked to rate the relevance
of various sustainability issues
on a scale of “very important” to
“not important”. Shareholders,
customers, employees and
suppliers gave their opinions on
how important the topics are from
their perspective as stakeholders.
An independent consultant was
engaged in order to ensure an
impartial and transparent process,
as well as to encourage honest
and frank feedback. The survey
which was coordinated by Group
Corporate Services Department
was conducted from end-August
2018 until 31 March 2019 and more
than 100 responses were received
during that period.
The findings were materially
consistent with existing areas of
management focus. In general, all
topics were recognised as being
In FYE2019 we
conducted a
stakeholder survey
and materiality
analysis by way
of interviews,
questionnaires,
desktop peer
analysis, industry
analysis, and
consideration
of relevant
sustainability trends.
Identify issues that could have
an impact on the Group’s
value creation process as
well as internal strengths
and weaknesses and broader
contextual trends
Distribution of
surveys
Evaluate internal issues
(
Internal Survey)
Evaluate external issues
(
External Survey)
We require all our business
units to implement appropriate
levels of risk management to
ensure compliance with all
relevant legislation, health, safety
and environment policies, our
overriding business principles and
Group policies relating to them,
taking into account business needs
and local circumstances.
Each business has developed
and documented policies and
procedures to comply with the
minimum control standards
established over specified
processes, including procedures
to mitigate risks, monitoring
compliance and taking corrective
action. Further details of our risk
management can be found in the
Statement on Risk Management
and Internal Control section in the
Annual Report.
18
Fima Corporation Berhad
(21185-P)
SUSTAINABILITY Report 2019