We pay a higher attention to what our stakeholders care and take necessary actions to improve or enhance it after evaluating the materiality .
We follow the GRI standard to analyze and identify material topics and review the actual and potential impact of our daily operations on the economy, environmental, and society/people to keep optimizing TSRC's ESG performance, and track and minimize impacts and influences.
29 potential and actual impacts were identified, with reference to the UNEP Chemicals Outlook, DJSI, SASB, United Nations Sustainable Development Goals, and stakeholder expectations, and evaluated based on the impact and probability on TSRC.
Finally, we identified eight material topics after collecting the feedback and major concern from stakeholder and industry, including operation strategy and performance, compliance with laws and regulations, risk management, climate strategy and greenhouse gas emissions, energy management, water management, waste and hazardous materials management, and occupational health and safety.
The material topics were approved by TSRC's executive leadership team at the ESG meeting in the first quarter of 2023 and reported to the Board of Directors on July 31, 2023, along with a report on the implementation of the ESG strategies and targets.