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96 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021
MATERIALITY
ASSESSMENT PROCESS
MSM’S 2021 MATERIALITY MATRIX
MSM’s materiality matrix addresses key topics that have been identified as important to our business and stakeholders.
We considered and prioritised significant business, operational, environmental, social and governance topics. These topics
were positioned on the materiality matrix based on two axis - importance to MSM Group and its stakeholders.
Identify
We assessed if our concerns disclosed in last year’s Annual Integrated Report are still relevant and if there are any new
concerns to be raised based on:
Changing global The directions of Regulatory
and local trends the sugar industry changes
Our strategies and
Media analysis internal policies
In the course of the assessment, the Group has determined that the majority of material topics presented in FY2020 still remain
relevant. Two of the material matters listed in the previous report were further consolidated and refined as Environmental Impact
and Managing Regulators topics were already addressed in the other topics. This was to avoid repetition and to streamline
disclosures.
Verify
Most material impacts on MSM were identified on a Materiality Matrix which was reviewed by our Board of Directors (BOD)
and Group Chief Executive Officer (GCEO). They have validated these issues as carrying notable impacts and of high concern
to our stakeholders.
