Stakeholder Communication and Engagement-Taipower and Sustainability-Taipower Sustainability Section - Taiwan Power Company

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Identification of Material Topics


In compiling each annual report, Taipower takes into account the key sustainability reports on the power industry for that year and the previous year, and incorporates them into the materiality reference at its discretion. Taipower also refers to the Sustainability Accounting Standards Board's (SASB) newly released industry materiality map. The map integrates material topics in the energy and power industry, solar power, wind power, and biomass fuel industries into considerations of sustainability issues. Taipower also refers to the four major themes "climate and energy", "people and communities", " "biodiversity", "circular economy"" from the "SDG Sector Roadmap for the Electric Utilities Sector" report published by World Business Council for Sustainable Development (WBCSD) in March 2021. After comparing with Taipower's materiality topic list, it was confirmed that "Circular economy" and "Climate and energy" correspond to the new materiality topic of "Climate change and low-carbon strategies". "People and community" corresponds to the original materiality topic of "Talent management and development" and " Stability and reliability of power supply", and "Biodiversity" corresponds to " Ecological friendliness".


To identify the material topics of concern to stakeholders, Taipower refers to the GRI Standards to conduct materiality analysis that reviews and identifies the key material topics for the Company. In 2022, Taipower additionally sought to identify material topics by surveying stakeholders. Survey results were collected from 123 Taipower employees (including 39 senior executives) and 218 other stakeholders for a total of 341 responses.

Identifying material topics

Identification Process for Material Topics

01 Review and identification
  • Review of sustainability issues identified in the previous year
  • Examine relevant major sustainability trends at home and abroad, such as amendments to SASB and domestic regulations
  • Examine Taipower's management issues, benchmarks in the electrical industry, opinions of internal and external stakeholders, and major news events
  • Identified 22 sustainability issues
02 Evaluation and prioritization
  • The possible impact of various issues on Taipower and the degree of influence on different stakeholders are determined through a questionnaire
  • 39 senior executive questionnaires were used to understand the importance of issues to business operations
  • 302 questionnaires were collected from various other stakeholders
03 Confirmation of material topics
  • Confirm the material topics matrix through materiality product sorting and Taipower's internal engagement
  • Determine the structure and content of the Taipower Sustainability Report based on the analysis results

2022 Materiality Matrix


With the help of the material topics matrix Taipower has summarized the materiality of various sustainability issues. The Company sorted the issues based on the X, Y, and Z axis of each topic. 12 material topics that fall within the scope of this report were identified through communications with stakeholders.

Correspondence between stakeholders and the theme of sustainability

Material Topics Location of Economic / Environmental / Social Impact Relevant GRI Standards Management Policies and Corresponding Chapters
Within Taipower Business Relationships Other Social Relationships
Partners Users Private organizations Government units Residents / general public
Corporate governance and sustainability management
  • General Disclosures: Governance and compliance with laws and regulations
  • Economic: Anti-corruption
1.1 Taipower Business Overview and Strategy
1.3 Sustainable Governance
2.2 Risk Management and Response
2.4 Integrity and Compliance
Management and financial performance
  • General Disclosures: The size of the organization
  • Economic: Direct economic impacts
1.1 Taipower Business Overview and Strategy
Power industry transformation and adaptation
  • Topics Specific to Taipower
1.1 Taipower Business Overview and Strategy
1.3 Sustainable Governance
Digital transformation and information security
  • Customer Privacy
5.1.3 Digital Transformation
5.2.2 Guarding Information Security
Accessibility and affordability of electricity
  • Economic: Indirect economic impacts
1.1 Taipower Business Overview and Strategy
3.1 Providing Quality Electricity Service
Stability and reliability of power supply
  • Economic: Indirect economic impacts
3.1 Providing Quality Electricity Service
Renewable and clean energy development
  • Economic: Indirect economic impacts
  • Environmental: Emissions
3.2 Planning for New Sources of Energy
Power plant renewal and decommissioning
  • Economic: Indirect economic impacts
3.2 Planning for New Sources of Energy
Service and product satisfaction
  • Topics Specific to Taipower
5.2 Customer Service and Management
Demand-side management and energy conservation
  • Economic: Demand-side management
  • Environmental: Energy
4.1 Smart Grid General Planning
5.1 Smart Electricity Service
Climate change and low-carbon strategies
  • General Disclosures: Governance
  • Economic: Indirect economic impacts
  • Environmental: Emissions and energy
6.1 Strengthening Environmental Management
6.2 Reducing Use of Energy and Resources
Environment impact management
  • Environmental: Emissions
6.3 Minimizing Environmental Impacts

Note: The field of "Location of economic/environmental/social impact" only partially lists stakeholders. Other stakeholders who, after evaluation, were determined to not directly cause ESG impact were omitted.




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