Analysis of material issues

The 19 sustainability issues were surveyed to understand stakeholders’ level of interest

In order to understand key stakeholders‭’ ‬concerns and expectations on WT’s sustainability management‭, ‬the 19‭ ‬sustainability issues were made into a questionnaire asking respondents to rank the sustainability issues by their own level of interests and concerns‭. ‬The questionnaires were distributed by respective responsible departments to different stakeholder groups‭, ‬so that the executives may understand each stakeholder group‭’ ‬level of interest for each of the sustainability issues‭. ‬A total of 802‭ ‬questionnaires were returned‭, ‬of which 611‭ ‬were valid‭. ‬

Top three issues of concern

The survey results were analyzed to find out the top three sustainability issues of concern for each stakeholder group‭. ‬WT matched the issues to GRI material topics‭, ‬and disclosed relevant implementation strategies‭, ‬managing policies and plans accordingly‭.‬

The issues were assessed for actual and potential impacts

Each of the 19‭ ‬sustainability issues was assessed by the 22‭ ‬ESG Sustainable Development Team members for severity and probability‭. ‬The severity is evaluated by the levels of positive and negative impacts‭. ‬An issue involving an actual or potential human rights risk is assigned the highest severity level‭. ‬With the stakeholders‭’ ‬degrees of concern for the issues also taken into account‭, ‬a three-dimensional analysis matrix was created as an impact level assessment tool to continuously track the impacts of the sustainability issues‭.‬

20‭ ‬disclosure indicators for 11‭ ‬GRI material topics

We matched key disclosures with the 33‭ ‬economical‭, ‬environmental or social topics of the GRI Sustainability Reporting Standards‭,‬‭ ‬and identified 11‭ ‬relevant material topics and 20‭ ‬disclosure indicators related to these topics‭. ‬We also consulted the SASB sustainable accounting standards for disclosures relevant to our selected material issues‭.‬

Organizational boundary was defined for the Sustainability Report

The key disclosure issues were individually reviewed for their respective impacts on WT and throughout the value chain at an ESG‭ ‬Sustainable Development Team meeting‭, ‬where the Team members also determined that WT would be the organizational boundary of the Report and the definition of impact scope would vary slightly with issue‭.‬

Nine material issues were disclosed in the Sustainability Report 2022

Each stakeholder group’s respective significance to WT was considered according to the reasoning of sustainability impact assessment‭, ‬and their opinions were incorporated in the implementation and management of each sustainability issue to ensure optimal efficiency and maximum momentum towards sustainability‭.‬

Stakeholders were valued in the proposed response and planning strategies‭.‬

Each stakeholder group’s respective significance to WT was considered according to the reasoning of sustainability impact assessment‭, ‬and their opinions were incorporated in the implementation and management of each sustainability issue to ensure optimal efficiency and maximum momentum towards sustainability‭.‬

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