Material Topics and Stakeholder Engagement

In 2023, The Company asked its business units to conduct comprehensive quantitative assessments and rankings of environmental, social, and human rights issues based on the Company’s scale, scope, likelihood, and impact levels. Issues assigned with a score higher than 4.3 were defined as high-impact material topics and further evaluated by incorporating stakeholder questionnaire survey results. Finally, senior executives collectively determined the list of issues with positive and negative impacts by prioritising the impact assessments. These issues were deemed material and, along with the stakeholder engagement results, were reported to the Board of Directors on August 13, 2024. The materiality matrix is presented as follows:

Impact Quantification and Rankings

To effectively manage material topics, Corporate Sustainability Committee quantifies the level of impacts in the measurement of five points, with one point indicating the lowest impact and five points indicating the highest impact. Impact levels of material topics are ranked as follows:

Communication with Stakeholders :


FICG communicates with stakeholders via multiple means such as physical channels and online questions. The purpose is to understand the level of emphasis placed by stakeholders on each sustainability issues and the influence on their evaluation and decision making. There are eight categories of major stakeholders, i.e., shareholders/investors,

employees, customers, suppliers/contractors, media, government, non-government organizations/non-profit organizations and community residents. The results of communication with stakeholders in 2023 are described below:

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