Page 26 - SAGT Sustainability Report 2022 2023
P. 26
24 SOUTH ASIA GATEWAY TERMINALS (PVT) LTD
SUSTAINABILITY AT
SAGT
for purposes of comparative analysis was with them and the key sustainability topics report. The section titled ‘Key Sustainability
validated internally by management review. identified through such engagement are Topics and Concerns’ identifies the key
provided in the “Stakeholder Engagement and sustainability topics and other areas that were
Details on the methodology through which Identification of Material Topics†section of this prioritised for impact assessment resolution.
SAGT identifies stakeholders, engages
Stakeholder Engagement and Identification of Material Topics
Identification and Prioritisation of Stakeholders
Stakeholder Engagement is an important tenet of SAGT’s sustainability strategy.
SAGT is committed to engaging with its stakeholders to understand and determine how their concerns can be addressed consistently through the
day to day operations of the Company.
SAGT
Customers Suppliers Employees Investors/ Trade Government, Local Media, Industry Global
Shareholders Unions Regulatory Community NGOs, Peers Regulators
and Statutory Advocacy
/Finance Groups
Institutions Bodies
As a first step towards facilitating effective Strategy in that year. Stakeholders identified number of different sub-groups which may
stakeholder engagement, the Company seeks through the discussion process include: differ in terms of their impact-influence ratings.
to identify its primary stakeholders based on Internal stakeholders such as employees,
their ability to influence operations of SAGT and investors/ shareholders, and external Meanwhile, the fundamental impact-influence
and vice versa. stakeholders like customers, suppliers, matrix for the broader stakeholder groups
debt providers, government regulators and is used as the basis of designing a suitable
The process of identifying various stakeholder statutory bodies, local communities, the media, engagement methodology, determining the
groups is based on discussions with key competitors and global industry monitors. The basis of engagement and establishing the
business units and operational departments. listed stakeholders were then mapped based frequency of engagement as well as assigning
The first series of discussions were on an impact-influence matrix. It was noted responsibilities for implementing engagement
undertaken in 2018, in conjunction with that each stakeholder group consists of a activities and data gathering.
the initial launch of SAGT’s Sustainability
Stakeholder Method of Engagement Basis of Engagement Frequency Issues/ Concerns
Customers
- Materiality survey and interviews - Meeting Minutes - Every 2-3 years 1. Competitive pricing
- Customer feedback - Feedback Form - Annually 2. Berth productivity/Reliability
- One-on-one communication - Emails, meetings, visits - Regularly 3. CO2 Emissions
- Sustainability Report - Annually
Suppliers - Correspondence with major - PO, Tender Documents - Ongoing - Price and Volume
suppliers - Supplier self- - Credit period
- Annually - Longevity of contracts
- Supplier audits assessment Form - Annually - Operational matters and business
- Sustainability Report
issues