The material sustainability issues disclosed in the CPF Sustainability Report have been established in accordance with the principles of the GRI Standard 2021 (GRI 3) to assess material sustainability issues under the four principles of the GRI Standard, which are Sustainability Context, Materiality, Completeness and Stakeholder Inclusiveness. There are 4 significant sustainability assessment process as follows:
STEP 1 Understanding the organization’s context.
Gather sustainability issues that are consistent with the GRI Standard according to the food processing industry G4-FP and related international standards.
STEP 2 Identify actual and potential impacts.
Collect stakeholder opinions/concerns (positive and negative) from relevant institutions to determine the impact whether it is actual or potential.
STEP 3 Assess the significance of the impacts.
Analyze the severity of the impact and likelihood of occurrence to assess the degree of impacts.
STEP 4 Prioritize the most significant impacts for reporting.
Review key sustainability issues based on expert perspectives and sustainability issues within the same industry and prioritize the issues for reporting.
Details of CPF materiality in 2023 are available in our Sustainability Report 2023, page 18-19