Annual Report 2020

3. MATERIALITY ASSESSMENT 3.1. Materiality assessment process SRW conducted the materiality assessment to assist in the identification and prioritisation of sustainability matters that can affect QL’s business and stakeholders. We began the process by reviewing and updating the material sustainability matters as discerned in the previous reporting year and based on the latest internal and external developments, including Environment, Social and Governance (“ESG”) trends unique to the agro-food and plantation sector. We also referred to the latest Bursa Malaysia’s Sustainability Reporting Guide and Toolkits, Global Reporting Initiative Sustainability Reporting Standards (“GRI Standards”), FTSE4Good Index guidelines and relevant industry-specific references and publications to update our material sustainability matters that are significant to QL’s business operations and influence stakeholders’ decisions. We have an engagement approach that would allow us to reach out and receive valuable input from our key stakeholders, as outlined in Section 3.4 Stakeholders Engagement. The engagement process helped us to re-assess material issues that are deemed important by our stakeholders so that we can incorporate them into the latest sustainability report. Subsequent to the feedback received, QL’s management carried out review and discussion so that we incorporated the important sustainability matters reflecting the latest changes in the business landscape, risk environment, compliance requirement and policy. In updating the materiality matrix, we refer to Bursa Malaysia’s Listing Requirements which defined these matters as: • Reflecting the business’ significant ESG impacts; and/or • Substantively influencing assessments and decisions of stakeholders. Based on data collected, we analysed and re-ranked the material issues in order to prioritise sustainability topics and action plan going forward as shared in Section 3.5. Our materiality process is illustrated as follows: Determine Objectives and Scope of Reporting Refer to Section 3.2 Review and Update Existing Material Sustainability Matters Refer to Section 3.3 Evaluate Significance of Sustainability Matters to QL and Stakeholders Priortise Sustainability Matters Based on its Level of Importance Refer to Section 3.4 Refer to Section 3.5 1 2 3 4 Diagram 2: Flowchart of materiality assessment process Annual Report | 2020 QL Resources Berhad 40 Sustainability Statement