Sustainability Report Identified ESG Factors for Reporting 1 Customer Satisfaction 2 Health and Safety of Stakeholders 3 Business Ethics 4 Corporate Governance 5 Compliance with Laws and Regulations 6 Occupational Health and Safety 7 Energy, Greenhouse Gas (“GHG”) Emission and Alternative Energy Sources 8 Water Management Importance to External Stakeholders Importance to Internal Stakeholders High Low High Material Factors Industry-Relevant Factors 6 7 8 1 2 3 4 5 Figure 3: Perennial Holdings’ Materiality Matrix Figure 2: Perennial Holdings’ Materiality Assessment Process 01 IDENTIFICATION 02 PRIORITISATION 03 VALIDATION 04 REVIEW These material topics were subsequently validated by the Board. With each reporting cycle, Management reviews the existing eight material factors for its relevance to the reporting scope. The material factors remained the same for SR2023. Through an unbiased voting exercise, steered by the Management and taking external stakeholders’ inputs into consideration, a total of eight ESG factors (five material and three industryrelevant) were prioritised for reporting. A comprehensive list of material topics were identified through a series of desktop research, peer benchmarking and internal interviews. Materiality Assessment Process GRI [3-1] [3-2] [3-3] Perennial Holdings conducted its first materiality assessment in FY2017 and identified eight ESG factors for its inaugural Sustainability Report. The assessment comprised four stages - identification, prioritisation, validation and review, as illustrated in Figure 2. This allows Perennial Holdings to identify significant impacts of its business activities on communities and serves as a guide for the Company to respond effectively and accurately to stakeholders’ concerns. In FY2023, the Board has reviewed and reaffirmed the continued relevance of these eight ESG factors (see Figure 3) to Perennial Holdings’ business. The corresponding policies, initiatives, targets and performance measurement indicators under each material factor are disclosed in this report. 94 PERENNIAL HOLDINGS PRIVATE LIMITED
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