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How to identify SCG key issues
Stakeholder Engagement
Our stakeholder groups are identified not only as those who are directly affected by the organization’s operations or communities adjacent to its operation sites, but also as those far afield who give importance to the conduct of the organization’s business. We see that stakeholders’ needs are opportunities to create shared value, as well as to support SCG business in the long term while leveraging our society to a sustainable future.
Stakeholders are those who affect and/or could be affected by SCG’s operations such as customers, employees, suppliers, surrounding communities, shareholders, government agencies, and civil society/academics.
Risk Management
SCG has put into practice an enterprise risk management framework that is based on internationally accepted standards. The importance of this activity is highlighted by its integration into SCG’s management system and its maximization of values to stakeholders through risk management.
To identify and evaluate potential risks in the organization, SCG has categorized the risks into eight categories and established the risk appetite to create a common language for everyone in the organization. We focus on both the downside impact and business opportunity of a risk event and the incorporation of risk management as part of working processes, leading ultimately to a risk culture.
From risk categories, issues for SCG have been identified in order to evaluate and prioritize for our materiality.
Materiality
SCG used a ‘materiality matrix’ to map the issues that our stakeholders are most concerned about against those that have the biggest overall impact on business. SCG then applied the materiality principle to each key issue to help identify and prioritize the most significant ones.
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