Materiality Assessment
Sansiri conducts a thorough assessment of key sustainability issues to identify those that are essential for the organisation’s sustainable development.
This assessment considers the impacts experienced or anticipated on both internal and external stakeholders, while also reflecting their expectations across various dimensions: economic and corporate governance, environmental, and social, including impacts related to human rights.
The process for assessing and prioritise significant sustainability issues at Sansiri comprises the following steps:
01
Identifying Impacts and Key Sustainability Issues
02
Assessing Impacts and Key Sustainability Issues
03
Prioritising Sustainability Issues
04
Sustainability Operations
01
Identifying Impacts and Key Sustainability Issues
Sansiri identifies both positive and negative impacts that have occurred or may occur as a result of its core operations in the real estate sector. This identification is informed by an analysis of international sustainability trends, the operations of real estate companies both domestically and internationally, as well as stakeholder opinions and expectations gathered through various channels such as questionnaires and interviews.
02
Assessing Impacts and Key Sustainability Issues
Sansiri evaluates the level of impact, both positive and negative, in the economic, social, and environmental spheres on its seven stakeholder groups: investors and shareholders, management and employees, customers, tenants and residents, communities and society, business partners, government agencies, and competitors. This assessment includes surveys conducted with stakeholders to capture their expectations and concerns regarding the effects of the organisation’s operations.
03
Prioritising Sustainability Issues
Sansiri prioritises significant sustainability issues based on an analysis of the expected and concerning impacts on stakeholders, ensuring alignment with the real estate business model. The results of this prioritisation are presented to the Corporate Governance and Sustainability Committee for review and approval prior to their inclusion in the annual sustainability report and on the Company's website.
04
Sustainability Operations
Sansiri has developed a comprehensive sustainability strategy, encompassing specific goals and timelines for achieving them, based on the assessment results of endorsed sustainability issues and the establishment of indicators for monitoring performance against the objectives of each key issue. Regular reporting of sustainability performance, which includes potential challenges and issues in achieving these goals, is mandated for the Corporate Governance and Sustainability Committee twice a year. Additionally, the Sustainability Working Team provides quarterly performance reports to senior management to ensure that Sansiri’s sustainability initiatives are effective and aligned with the Company’s overarching sustainability strategy.
Sansiri Materiality Topics
Sansiri materiality topics for 2025 encompass 13 issues, addressing three dimensions; Economic and Corporate Governance, Environmental, and Social. An evaluation of these sustainability materiality topics indicated no additions or modifications from 2024.
Economic and Corporate Governance Dimension
Corporate Governance
Impact on Business
(Opportunity)
Impacts and Expectations of Stakeholders
Emphasis is placed on operating alignment with the principles of good governance, conducting business with integrity and transparency.
Risk Management
Impact on Business
(Opportunity)
Impacts and Expectations of Stakeholders
Systematic risk management and the capability to adapt to change are crucial across the value chain.
Customer Responsibility
Impact on Business
(Opportunity)
Impacts and Expectations of Stakeholders
Designing residential projects that address customer needs in a sustainable manner and are genuinely functional requires careful consideration of feedback for service enhancements, the provision of high-quality products and services, effective after-sales support, and the dissemination of clear information. Furthermore, this includes ensuring the safety of building structures during emergencies and natural disasters, such as earthquakes.
Supply chain management and Green Procurement. (Supply Chain: Social)
Impact on Business
(Risk)
Impacts and Expectations of Stakeholders
Emphasising the procurement of environmentally sustainable materials, uphold fair competition throughout the procurement process, and implement monitoring and assessment of risks related to economic, social, and environmental dimensions.
Innovation and Technology
Impact on Business
(Opportunity)
Impacts and Expectations of Stakeholders
Utilising innovation and technology to improve the quality of life for customers while cultivating an innovation-driven culture among employees.
Cybersecurity and data privacy
Impact on Business
(Risk)
Impacts and Expectations of Stakeholders
Safeguarding the Company's technology systems and information from unauthorised access and cyber-attacks to ensure the security and privacy of personal data.
Environmental Dimension
Response to Climate Change
Impact on Business
(Risk)
Impacts and Expectations of Stakeholders
Implementing measures to reduce carbon emissions and striving for a Net-Zero company exemplifies leadership for employees and the surrounding community, fostering positive awareness through collaboration among all relevant stakeholders.
Environmental Management System and Eco-Efficiency
Impact on Business
/
(Opportunity and Risk)
Impacts and Expectations of Stakeholders
Prioritising environmental considerations from upstream to downstream through transparent procurement, effective pollution and waste management, and contributing to a sustainable society and environment.
Biodiversity
Impact on Business
(Risk)
Impacts and Expectations of Stakeholders
Managing the impacts of the Company's operations on biodiversity, including participation in the preservation and restoration of ecosystems and the natural environment.
Social Dimension
Human Resource Management
Impact on Business
(Opportunity)
Impacts and Expectations of Stakeholders
Promoting the skills of high-potential employees, providing career growth opportunities, and valuing and considering employee feedback to foster organisational commitment.
Occupational Health and Safety Management
Impact on Business
(Risk)
Impacts and Expectations of Stakeholders
Ensuring effective management of occupational health and safety for employees, contractors, and the surrounding community of projects.
Human Rights
Impact on Business
(Opportunity)
Impacts and Expectations of Stakeholders
Promoting equality and equity while actively working to reduce inequality and discrimination by upholding human rights and implementing measures to prevent and mitigate human rights abuses across the value chain.
Corporate Citizenship and Social Responsibility
Impact on Business
(Opportunity)
Impacts and Expectations of Stakeholders
Consistently engaging in social activities that meet the expectations of all stakeholders, including the protection of human rights within communities in the Sansiri project area.