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.
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 22 sustainability issues
- 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
- 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
Governance
Environmental
Social
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
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.