Analysis of Material Topics
Taipower's 2024 materiality analysis was conducted in accordance with the GRI Universal Standards 2021 and the AccountAbility AA1000 Stakeholder Engagement Standard (AA1000 SES). The process also incorporated international sustainability trends, including recent and prior-year sustainability reports from major global power utilities, as well as the updated Industry Materiality Map issued by the Sustainability Accounting Standards Board (SASB). Relevant topics across the power, solar power, wind power, and biomass fuel industries were integrated into the issue selection process.
A total of 19 sustainability issues were initially identified. Taipower then applied the Double Materiality principle introduced by the European Union, evaluating both actual and potential, as well as positive and negative, impacts. Through this process, 13 material topics were ultimately confirmed as the Company's key focus areas for sustainability management.
For 2024,Taipower has identified four new material topics:Digital Applications and Information Security, Operational and Financial Performance, Environmental Impact Management, and Human Rights, Diversity, and Inclusion. The inclusion of these topics highlights Taipower's growing emphasis on sound corporate governance and long-term environmental sustainability.
Identification Process for Material Topics
- 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 19 sustainability issues
- The possible impact of various issues on Taipower and the degree of influence on different stakeholders are determined through a questionnaire
- In 2024, a total of 578 stakeholders participated in the assessment. The breakdown is as follows: including employees (328 responses), general and large-scale customers (151), shareholders (10), Suppliers and contractors (partners) (51), and Government agencies, competent authorities, elected representatives, media, and NGOs (16), as well as local communities (22).
- 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
2024 Materiality Matrix
Positive Impact and Occurrence Possibility Matrix
Negative Impact and Occurrence Possibility Matrix
Given Taipower's extensive operations across Taiwan, and to mitigate the risk of analytical bias due to differences in stakeholder response volume, the Company integrated stakeholder concern levels across categories and considered average increases in attention from the previous year. As a result, "Human Rights, Diversity, and Inclusion" was added as a new material topic in 2024. Ultimately, 13 material topics were identified for disclosure in this report.
Correspondence between stakeholders and the theme of sustainability
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.