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.
