Identifying five groups of stakeholders
WT continues to involve stakeholders to ensure a communication and response mechanism is in place for sustainability issues. WT followed the accountability principles of AA1000 Stakeholder Engagement Standard, which are impact, materiality, inclusivity, and responsiveness, to identify key stakeholder groups. An evaluation and discussion by the Sustainable Development Team concluded that as there was no significant change in the operating environment, the key stakeholder groups were therefore the same as identified previously, which are shareholders/lenders, customers, employees, vendors, and other suppliers.
Results of engagement with the five stakeholder groups
The five stakeholder groups, whose involvement with WT’s operations vary in significance and interactivity, are engaged in parallel by different departments through various communication channels. In 2023, the communication and engagement efforts continued and produced results.