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ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED)
1.
ABOUT THIS ESG REPORT (Continued)
C.
Materiality Assessment Process
This ESG Report focuses on sustainability issues which are material to the Hong Kong Ferry Group. An independent consultant was appointed to conduct a three-step materiality assessment for identifying material sustainability issues for disclosure.
Step 1: Identification
Peer benchmarking: the ESG sustainability reports of a selected group of sustainability champions and peers, who mirror the business nature of Hong Kong Ferry Group, were reviewed to provide an indication of the disclosure rate of different key performance indicators ("KPIs"). The rate at which certain KPIs were disclosed by peers was considered to be an indication of possible materiality.
An online survey was launched to engage employees, who were asked to rate the importance of each Aspect of the HKEx guide.
Step 2: Prioritisation
The results from the peer benchmarking exercise and employee online survey were consolidated to identify a list of high and medium-priority KPIs.
Step 3: Validation of the Material Issues
The findings of Steps 1 and 2 were brought forward for discussion with the Senior Management of Hong Kong Ferry, who confirmed the list of material KPIs for disclosure.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2015
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