We identify material ESG factors that may significantly impact ViTrox’s business or substantially influence the decisions of stakeholders. The illustration below summarises our materiality assessment process:-
The illustration below summarises our materiality assessment process:
Through our materiality assessment process, we identified 15 material matters as illustrated in the materiality matrix below.
Materiality Matrix
Notes:-
1 Stakeholders scored differently in their degree of concern and influence for each issue.
(10 points=highly concerned, 8 points=concerned, 6 points=somewhat concerned, 4 points=mildly concerned, 2 points=not concerned)
2 ViTrox ESG representatives score for impact on ViTrox’s operations.
(10 points=highly impacted, 8 points=impacted, 6 points=moderately impacted, 4 points=not much impacted, 2 points=not impacted)
3 Impact factors include “revenue/cost”, “risk of reputation/legal compliance”, “cost efficiency”, “environmental impact”, “social impact” and
“economic impact.”
Explanation of differences from the previous year’s Materiality Matrix
This year, ESC took responsibility for relooking into the impact assessment. At the same time, the main points of concern of
the international ESG rating agencies regarding the semiconductor industry and our sustainability strategy were included for
discussion and consideration. As such, there are differences between the 2022 and 2021 results.
The differences include renaming “Energy Management and GHG Emissions” to “Climate Change and Energy Management”
and the inclusion of “Environmental Conservation and Preservation” as a material topic in 2022. As such, there are 11
material topics and four (4) secondary topics in 2022.
We categorised our sustainability matters according to the ESG pillars as follows:-
