The process and steps of sustainability materiality assessment

1. Materiality identification
2. Materiality prioritization
3. Validation
4. Review and continuous improvement

Materiality Identification

Materiality identification takes into consideration risks and business opportunities for all stakeholders as well as internal and external factors that affected the business at low, medium, and high levels. Also taken into account are the interests of stakeholders, key sustainability issues for industries across the world, and global sustainability trends issued by leading international sustainability organizations, such as GRI’s Reporting Principles, the Sustainable Development Goals (SDGs), and the Sustainability Accounting Standards Board (SASB).

Materiality prioritization

The results of the materiality identification process are considered and assessed in order to prioritize a total of 11 sustainability issues in relation to their business impact and influence on the decision making of stakeholders. The impact on the company’s business operations and stakeholders can be classified into three levels: 1) low, 2) medium, and 3) high.


CKPower validates the materiality assessment and prioritization against the suggestions, expectations, and perspectives of both internal and external stakeholders towards the company’s business operations and presents the assessment results to the executive board for consideration and approval for disclosure.

Review and continuous improvement

CKPower regularly reviews the materiality assessment and reporting after the determination of the stakeholder groups and issues that have significant influence on the business as well as gives stakeholders an opportunity to offer their opinions and suggestions regarding the company’s operations through various channels. The company also formulates plans in response to such issues through its risk management as well as the improvement and development of new innovations and services, as follows.

Material sustainability issues

  1. 1 Corporate governance, risk management, and compliance
  2. 2 System reliability and availability
  3. 3 Customer relationship management and responsibility towards customers
  4. 4 Innovation management
  5. 5 Supply chain management
  6. 6 Respect for human rights
  7. 7Human capital management
  8. 8 Community and social care
  9. 9 Occupational health and safety in the workplace
  10. 10 Environmental management
  11. 11 Energy management and climate change