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Sustainable Development Goal

As an integral part of our Group’s Vision 2025, our sustainable development goal is “to deliver sustainable living for all societies with innovative solutions”. To achieve this, three sets of strategies were formulated based on our
“Value for the Future” and “Good Corporate Governance” foundations.

1.Innovation Leader to achieve sustainable growth
2.Eco-Efficiency with minimal impact on the environment through efficiencies
3.Community Safety Awareness to promote the welfare and well-being of our communities

These strategies enables us to attract and retain talents who share the same values while offering transparency, fair treatment to all stakeholders and advocate anti-corruption practices.

To Deliver Sustainable Living for All societies, with Innovative Solutions

Stakeholder Engagement

In order to successfully establish strong sustainable development framework, TIPCO Asphalt Group must understand and recognize mutual relationship and inter-dependencies between our businesses and related stakeholders, with high considerations to economic, social and environment. The Group’s business operations must respond to related stakeholder’s objectives and expectations. During SD framework development , the Group conducted a study on all stakeholders across our business value chain ,followed by Stakeholder Engagement activities. These allow our business operations to minimize potential adverse impacts while encouraging cooperation and creating shared values between the Group and related stakeholders and granted “license to operate” without their objections.

Policy : Stakeholder Engagement Policy (Link PDF)

Stakeholder

High

Stakeholder Influence on the Group’s activities

Context setter (High influence/ low impacts)

Shareholders/investors

Customers (contractors)

High participation (High influence and impacts)

BoD/employees

Government agencies

BoD/employees

Data provider (Low influence and impacts)

Customers (contractors)

Competitors

Low

Necessary (Low influence, high impacts)

Civil societies/ academics/media

High

Stakeholder Impacts on the Group’s activities
(Stakeholder Identification and Prioritization)

Materiality Assessment

Materiality issues refer to economic, environmental or social related topics that are important to the Group as well as to key external stakeholders. The Group regularly conducts sustainability materiality assessment survey exercise to reaffirm the significance and relevance of these materiality topics while capturing potentially new materiality issues that might emerge from each survey. The sustainability materiality survey results will be carefully analyzed and prioritized based upon their relative influence on the Group and related external stakeholders, and whether these topics represent any potential risks or opportunities in relation to our business strategy.

Step of Materiality Assessment

1 Materiality identification
Analyze key materiality issues across value chain through in-depth interview session with executives and relevant employees including those key materiality that stakeholders set high priority upon, then summarized into a survey form.
2 Interview
Conduct interview sessions with sample group of internal/external Stakeholders through in-dept interview approach via telephone, email, online video conference platforms such as Microsoft Team or Zoom
3 Assessment and prioritization
Evaluate and prioritize key materiality issues for sustainability that are important to stakeholders and to the Group, using their respective impact And influence as criteria.
4 Result verification
Management of relevant business unit consider, review and endorse the assessment results, then propose to the Chief Executive Officer or final acknowledgment and aprrolva.

INNOVATION LEADER

8) FOSTER INNOVATION FOR TIPCO ASPHALT DNA
10) ASPHALT PAVEMENT EXCELLENCE CENTRE
18) ENVIRONMENTAL FRIENDLY PRODUCT&SERVICE DEVELOPMENT

Asset 1

ECO-EFFICIENCY OPERATION MANAGEMENT

15) EFFICIENT USE OF RESOURCES/ RAW MATERIAL
5) ENERGY MANAGEMENT
7) CLIMATE CHANGE: OPPORTUNITIES & RISKS
2) EMISSIONS MANAGEMENT
3) EFFLUENTS AND WASTE NANAGEMENT / SPILL & LEAK

SAFETY AWARENESS

11) OCCUPATIONAL HEALTH AND SAFETY
19) CUSTOMER AND ROAD USER: HEALTH AND SAFETY
13) SAFETY DURING TRANSPORTATION AND DELIVERYING GOODS

VALUE FOR THE FUTURE

1) RETAINING POTENTIAL EMPLOYEE & EMPLOYEE MANAGEMENT
14) TRAINING AND EDUCATION

GOOD AND TRANSPARENT CORPORATE GOVERNANCE

6) GOOD CORPORATE GOVERNANCE (ANTICORRUPTION)
24) LOCAL COMMUNITIES DEVELOPMENT FOR SUSTAINABILITY LIVING
4) RISK & CRISIS MANAGEMENT
16) CYBER SECURITY
9) NEWS, COMMUNICATION AND CORPORATE REPUTATION
12) POLITICS/ GOVERNMENT BUDGET CHANGES

Sustainability Materiality Assessment Survey results:
2021-2022

1.Materialityidentification