Stakeholder Engagement
Stakeholder Identification and Communication
With reference to the stakeholder identification of the companies in the same industry, KTB identifies the possible stakeholder groups. Then through the discussion on ESG Team meetings, we identify 6 types of stakeholders, taking into consideration the impact of the functions of each business on the operation of KTB, or the internal or external organizations, or individuals who are affected by KTB's operation, which are customer, employee, investor/shareholder, governmental agency, supplier, general public/ social welfare organization, respectively, and report the communication condition with the stakeholders to the Corporate Governance and Nomination Committee and the Board of Directors once half a year.
Note: ★ means a material issue of the Company
Material Issue Analysis
In accordance with the issues of the stakeholders' concern, our company sort out 36 negative and positive impacts related with KTB, make analysis and draw impact significance matrix, and then upon discussion of ESG Team at meetings, identity 10 material issues closely related with operation of KTB's industry category at last, with an increase of 2 new material issues than the previous year, which are Sustainable Finance and Employee care and friendly workplace, respectively. Corporate Governance and Ethical Management is excluded become it is listed as low risk this year, and the results are reported to the Corporate Governance and Nomination Committee and the Board of Directors.
Strategies, Goals, and Achievements of Material Issues
For each material issue, we identity its impacts on KTB, and set management strategies, short-, medium-, and long-term goals, and follow-up plans, to continue to implement KTB's sustainable plans.
