18 Fostering Sustainable Ecosystems About the Report Leadership Messages About the Theme Corporate Overview Stakeholder Engagement and Materiality Assessment Our ESG priorities and Performance To align our priorities and actions towards our vision to foster sustainable ecosystems, we conducted our materiality assessment in Calendar Year 2023 through a detailed peer benchmarking exercise and limited stakeholder consultations. The results of this assessment have been considered while adopting our four key areas of ESG priorities. We at Arise IIP seek to continuously tap into our ESG opportunities and mitigate risks towards which we have conducted our Stakeholder Engagement and Materiality Assessment. This assessment has provided us with insights into new opportunities, risks to business continuity, new emerging trends, and incorporated feedback from both our external and internal stakeholders. This group-wide materiality assessment was conducted at across locations with our senior management, employees across departments, some of our suppliers, and other internal and external stakeholders, ensuring their involvement and alignment with our strategic priorities. To identify the list of material topics related to the industry, a multi-step process was conducted. Step 1: We developed a list of material topics, drawing influence from international ESG standards, industry trends, peer benchmarking and discussion with management. Step 2: To prioritize these topics, a wide range of internal and external stakeholders were consulted, as they played a crucial role in the decision-making process. We carefully reviewed stakeholders’ input, considering the impact it would have on our stakeholders and our organization. Step 3: Sought feedback and gathered valuable insights on the identified material topics. Step 4: To prioritize material issues, we conducted an analysis of the responses received from various stakeholders and performed a risk assessment. We utilized a scoring methodology to assess the severity and likelihood of each issue. Based on this evaluation, the material issues were categorized into high, medium, and low. Materiality Assessment 01 Identify and categorize potential topics 02 Identify stakeholder group 04 Collate feedback and develop materiality matrix 03 Engage and seek feedback on material topics Materiality Assessment
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