Material Topic
KGI Life reviewed the types of its operating activities, issues of concern to domestic and foreign peers, and related initiatives, standards, and requirements, and identified the actual and potential positive and negative topics for KGI Life.
There were 12 positive and 12 negative impact topics.
Degree of impact of sustainability topics on external economy, environment, and people:
The heads and members of the six task forces under the Corporate Sustainable Development Committee filled out the questionnaire on behalf of internal and external stakeholders.
Four were from senior executives and 30 were from stakeholders.
Degree of financial impact and likelihood of occurrence:
To understand the potential financial impact of each topic on the Company, relevant units comprehensively reviewed the nature of sustainability risks and opportunities corresponding to each topic, assessed the likelihood of occurrence and the degree of financial impact, and collected objective data (such as training expenses, system installation expenses, investment income, fines, litigation expenses, etc.).
Each questionnaire includes nine risk items and four opportunity items.
In accordance with the spirit of the GRI 3 Standards, the Company assessed 24 positive and negative sustainability topics based on the three evaluation factors of the “degree of impact on external economy, environment, and people”, “degree of financial impact”, and “likelihood of occurrence”. Through this assessment, a double materiality matrix was developed to identify topics of significance to both internal and external stakeholders.
There were six material topics, 14 secondary topics, and four other topics.
The Sustainable Development Department reviewed the reasonableness of the material topic matrix and reported it to the Corporate Sustainable Development Committee and Board of Directors to confirm KGI Life's six material topics in 2024.
The result was presented in our Sustainability Report.
