Materiality Assessment

Banpu conducts a materiality assessment and prioritization of sustainability topics in accordance with internationally recognized frameworks, including the GRI Standards, AA1000 AccountAbility Principles Standard (AA1000APS), and IFRS Sustainability Disclosure Standards. This process considers both actual and potential impacts on the Company, the environment, people, and society, while also incorporating stakeholder expectations to ensure a balanced and inclusive view of what matters most to the business and our broader ecosystem.

Material topics are reviewed annually to ensure their continued relevance and alignment with the Company’s strategic direction and the evolving ESG landscape. The finalized material topics are submitted for review and formal approval by 2 key governance bodies: the Sustainability Committee (management-level committee) and the Environment, Social, and Governance Committee (Board-level committee).

Materiality Assessment Process

1. Identify relevant sustainability topics based on global trends, stakeholder input, and recognized standards.
2. Assess financial materiality and potential impacts on the Company.
3. Assess impact materiality on the environment, people, and society.
4. Prioritize sustainability topics to define the materiality matrix.

Materiality Assessment