Stakeholder Engagement and Material Topics
Through the Sustainability Promotion Group,the Company identifies stakeholder groups that have influence on or are influenced by our economic, environmental, and social dimensions in accordance with the GRI Standards’ Defining Report Content Principles. By referencing the five principles of AA1000 Stakeholder Engagement Standard (AA1000 SES): Dependency,Responsibility, Tension, Influence, and Diverse Perspective, and considering the Company’s actual operational conditions,we have identified eight major stakeholder groups related to Novatech, including employees, shareholders, investors, governmentagencies,customers ,suppliers, community neighbors, charitable organizations, and media.
Material Topics Identification
To promote sustainability within the Company, strengthen its social responsibility competitiveness, and understand stakeholders’ concerns regarding Novatech’s sustainability issues, we adhere to the GRI Universal Standards 2021 and AA1000 SES guidelines. Through four steps (identification, prioritization,implementation, and communication), we identify sustainability issues highly relevant to stakeholders,analyze their potential positive and negative impacts, and confirm the Company’s material sustainability topics through survey analysis of impact probability and significance. In 2024, Novatech collected and screened 20 key sustainability topics, comparing them with the domestic engineering industry’s level of concern for economic, environmental, and social issues. Through questionnaire distribution, analysis,prioritization, and consolidation, these topics were compared with 2024 industry trends and benchmark peers’ concerns. Taking into account the Company’s issue development status, 13 material sustainability topics were identified as the foundation for compiling and disclosing this sustainability report. The 2024 screening steps are explained as follows:
Annual Material Topics
Material Topic Identification Differences
Material Topics and Internal/External Impact Boundaries
In 2024, Novatech identified 13 material topics across three major dimensions: governance, environment, and people (including human rights). Based on stakeholders' level of concern and degree of impact for each topic, we disclose and track sustainability performance accordingly. Furthermore, this year, we proactively referenced the Electrical & Engineering Services Industry Standards of the Sustainability Accounting Standards Board (SASB) to disclose sustainability performance metrics relevant to our industry stakeholders, thereby enhancing our sustainability governance.
