Materiality Assessment
Materiality Analysis for Business
The company has reviewed key sustainability issues that are relevant and important to both internal and external business operations. This assessment covers topics that represent risks or negative impacts, as well as opportunities or positive impacts. It also includes the expectations and needs of all stakeholder groups.
The process of selecting material topics and defining the scope of impacts consists of 4 steps, with the following details:
The Company considers and selects sustainability issues related to Ratch Pathana and Affiliates’ business operations by considering the issues that affect the development of the organization both internal and external factors. The internal factors include goals, strategies, and business direction, while the external factors include global sustainability trends, the Global Sustainable Development Goals (SDGs), the 10 pillars of the UNGC (United Nation Global Compact) in economic, social, and environmental dimensions, including the expectations of the stakeholders on the selected key issues. These considerations are then integrated into a Sustainability Framework of the organization.
The company uses information to identify key sustainability issues that are significant to the company and stakeholders. These issues are then categorized and analyzed the level of importance, aligning with the indicators according to the guidelines of GRI by conducting through the Materiality Test. All identified issues are screened based on the influence on stakeholder assessments and decisions and the significance of the organization's economic, social and environmental Impacts. This process involves the participation with excecutives to prioritize issues related to business operations.
The important issues are reviewed by the central agency responsible for preparing the company's report. Then the report is presented to the executives for consideration and approval. This ensures that the identified issues are comprehensive and the disclosed content in the report aligns with the principles outlined in the report.
The company conducts interviews and gathers feedback from stakeholders directly after publication of the report to assess the level of satisfaction with the various aspects of the report, covering topics and content, sufficiency of information, reliability of information, presentation method and a copy of the report. This also includes suggestions for other sustainability issues that the company should be presented in the next report. The recommendations gained from this process will be developed for the next year's report to meet the needs and expectations of the stakeholders to the maximum.
Sustainability Materiality Assessment Results
The company conducts reviews and assessments of key sustainability issues annually. In 2024, the assessment identified a total of 9 key sustainability issues, categorized as follows: 1 very high priority issue, 3 high priority issues, 4 medium priority issues, 1 low priority issue
