LCY's ESG Sustainability Strategy Committee (ESG SSC) has conducted internal meetings to evaluate the company's operations and has referred to the AA1000 Stakeholder Engagement Standards 2015 (AA1000 SES2015) to identify nine key stakeholders: employees, customers, government, communities, suppliers, investors, banks, the media and academic institutions. We provide solutions and respond to stakeholder needs and requests by gathering feedback.
Identifying Stakeholders & Material Topics
Identifying Stakeholders & Material Topics
Stakeholder Communication Channels
Identification & Disclosure of Material Topics
To identify a list of material topics relevant to LCY, we referred to the GRI Standards published by Global Reporting Initiatives (GRI) and the Sustainability Accounting Standards Board's (SASB) chemical sector guidelines for material topics relevant to the chemical industry. We also reviewed international sustainability ratings and industry benchmarks. LCY also regularly assesses material topics every two to three years and continues to respond to stakeholder feedback and recommendations through different communication channels.