Stakeholder Identification and Material Topics Analysis
Stakeholder Engagement Brogent communicates with stakeholders through a diverse range of channels, maintain good stakeholder interactions and relationships, and have established an ESG section on our official website. Additionally, we have also created a Brogent Group Employee Welfare Facebook Group, and set up an email address (email@example.com) for external communications, acting as a basic channel for communicating with stakeholders. We are able to understand and respond to the issues of concern to our stakeholders, establishing a strategy for responding to major Issues, and adjust our internal management methods or disclose information based on this strategy.
Procedures for evaluating material topics
1.Collect information on sustainability issues, organizing this information into a database of topics relevant to Brogent Collect information on sustainability issues and organize this information into a database of topics relevant to Brogent by using international sustainability rules and standards (GRI principles, SASB, SDGs), international trends, related news reporting and laws and regulations on these topics, industry practices and the practices adopted by our competitors, earnings calls, industry benchmarks, and the past sustainability issues we focused on in the previous year as a reference.
2.Identify the actual and potential impact of these 24 issues of focus Organize and list 24 sustainability issues, which in total address the 23 GRI topics and 5 SASB topics. Understand in-depth the boundaries of how sustainability issues impact the value chain, and identify the actual/potential “positive” or “negative” impact of each topic across three main areas (economic, environmental, and social).
The total number of issues increased from 22 in 2021 to 24. The two topics of “Product Quality” and “Product Safety” were combined into “Product Quality and Safety”, and three new environmental topics were added: “Managing and Responding to Climate Change”, “Protecting Biodiversity” and “Conservation, and Sustainable (Green) Products”.
3.Bring together the ten major departments internally to analyze business impact Brogent issued the “Questionnaire for Identifying Material Topics” to the supervisor or employees of each of the ten major departments, investigating the level of the positive or negative impact that the Company's operations and actions on certain issues have had across three major areas: economic, environmental, and social. All 10 questionnaires were completed and returned.
4.Collect information on the level of concern that 145 stakeholders have on the impact of the Company's activities A “Material Topics Questionnaire” was issued to investigate the concerns of 10 different categories of stakeholders with regard to the 24 sustainability issues identified, with the goal of finding out how concerned each stakeholder is, what their concerns are, and how deeply they are impacted by the topic. 145 replies to our questionnaire were received.
5.Determine the 5 categories of stakeholders that the Company should prioritize responding to Based on the five aspects described in the AA1000 Stakeholder Engagement Standard: Tension, Responsibility, Dependency, Influence, and Diverse Perspectives, the stakeholders that Brogent has influenced due to our business operations include our customers, employees, government agencies, suppliers/contractors, shareholders/investors, news media, business partners, banks and insurance companies, non-profit/non-government organizations, and communities in the local neighborhood, 10 groups in total. The 5 major stakeholder groups identified are our: employees, customers, shareholders/investors, government agencies, and suppliers/contractors.
6.Confirm material topics and scope of disclosure In 2022, Brogent reviewed the results of steps 3 and 4 above, and ultimately selected 10 sustainability issues that are both of high concern and significant impact. These 10 topics are: product quality and safety, technological innovation, customer service management and satisfaction, integrity management, information security, legal compliance, risk and crisis management, product intellectual property management, sustainability vision and outlook, and occupational safety and health. This report shall provide a deep disclosure of information related to these 10 topics through the information disclosure items discussed.
7.Analysis and comparison of material topic significance Compared to the material topics identified in 2021, topics related to safety, customer issues, business integrity, and information security have become more significant with the development of new product and technological trends. Thus, disclosures on corporate governance topics have become required by new versions of the GRI, and we now treat corporate governance disclosures as a basic disclosure item, shifting the focus onto other issues. Additionally, as Brogent has a good grasp of talent market trends, we have been able to continue developing and growing our talent in recent years, even in the face of the COVID-19 pandemic. This has led to a substantial decrease in the impact identified for labor relations in this year's assessment of material topics.
8.Chairman and responsible units approve the material topics identified in the report, and the response measures proposed