Materiality Assessments
MediaTek identify material issues by latest GRI Universal Standards 2021 and AA 1000 Account Ability Principle Standard, including the principles of materiality, inclusiveness, responsiveness, and impact, to identify material issues. We further assessed the impact of each material issues on the economy, environment, and human rights. These materiality is the basis for planning our sustainable development strategies, responses to stakeholders, as well as the basis for information disclosures.
▌Identify Stakeholders
Via assessment of the connection and extent of influence between various stakeholders and MediaTek according to the five principles of AA 1000 Stakeholder Engagement Standard (SES), namely Dependency, Responsibility, Influence, Diverse perspective, and Tension, the company has identified six major stakeholders as communication targets: Customer, Industry/Government/Academic/Research body, Employees, Shareholders and Investors, Suppliers, and Social public/Media.
▌Analytical Flow for Materiality
| Benchmark analysis | Since 2018, we uphold sustainability trends that are similar to our industry peers. Information collected through major sustainability rating institutes, like DJSI, Sustainalytics, CSR Hub, showed a continuation of trend among international peers. |
| Issue identification | We established 24 issues based on the results of our benchmark analysis and ESG issues of concern to stakeholders, with the addition of Information Security this year. |
| Sequence of material issues | The company has put in order material issues, according to frequent communications between staffers of various units with customers, shareholders, and employees and domestic and overseas statistics and surveys, in both qualitative and quantitative terms, in the four major categories. |
| Establishment of material issues | Based on results of aforementioned communications and surveys, various working groups of the ESG Committee looked into fundamental reasons and planned corresponding improvement measures, which were finalized by ESG Committee Chair, also CEO, in a meeting in the first half of the year. Via such procedure to respond to stakeholders’ concern, the company makes minor adjustment of material issues annually, according to extent of concern and the effect on operation, and modify sustainability-related projects accordingly. |
▌Assessing and Ranking the Impact of Material Issues
After material issues are finalized, each working group of the ESG Committee evaluated the impact of 11 major issues on the economy, environment and people/human rights, including positive/negative impact and existing/potential likelihood of occurrence. Impact was then ranked based on the results of evaluation, while the responding measures, short-, mid- and long-term goals, annual results and management guidelines are presented in the report, in accordance with the requirements of GRI 3-3 Management of material topics.
▌ESG Strategy and Material Issues Management
Our stakeholder engagement has been sustained through various communication channels, including day-to-day business contact and periodic surveys with stakeholders. In the meantime, we keep up with the latest domestic and international trends of sustainable development. With information collected from the above, we analyze the gap between internal and external stakeholder input and make mid and long-term plans to address stakeholders' top concerns, making rolling revisions. Below is an outline of our current strategic topics and corresponding responses.
To learn more about conducting impact assessments and managing significant topics, please refer to "Materiality Assessments" in MediaTek's 2022 ESG Report.