For sustainable development and long-term business operations, Winbond conducts identification for stakeholders according to the five principles of the AA1000 Stakeholder Engagement Standard (SES) 2015, including Dependency, Responsibility, and Influence, Tension and Diverse Perspectives, to identify seven key stakeholder groups of Winbond, such as: employees, government authorities, customers/distributors, suppliers/subcontractors, shareholders/investors, banks/financial institutions and media.
Step 1: Identification
- Through the five principles of the AA1000 Stakeholder Engagement Standard (SES) 2015, we have identified key stakeholders of Winbond, including employees, government authorities, customers/distributors, suppliers / subcontractors, shareholders/investors, banks/financial institutions and media.
- Winbond collects and summarizes sustainability related subjects based on the global specifications and standards, industry specifications and standards, industry and inter-industry benchmarks, and annual goals of the organization. We have conducted a questionnaire survey for feedback of concerned subjects for our internal experts and collected the opinions from a great number of stakeholders as well as the media reports. We also collected the feedback sustainability subjects from stakeholders through online and paper questionnaire surveys as well as interactions and interviews with the stakeholders. We have stipulated the following 22 topics based on the benchmark analysis, questionnaire results, and the ESG subjects concerned by the stakeholders in the past few years.
Step 2: Prioritization of material topics
- We have conducted interviews or questionnaire surveys with the corresponding responsible units of the stakeholders, based on the scope of their daily business operations. On the basis of the substantive analysis process, the participants were asked to rate their "level of concern on sustainability subjects" on a five-point scale: extremely concerned, highly concerned, moderately concerned, slightly concerned, and not at all concerned; a total of 132 questionnaires were returned in 2019. Similarly, for the "impact of sustainability subjects on inbond's business operations" was assessed by the Company's internal high-level executives, with a five-point scale based on the level of impact.
- Next, we analyze the "level of concern by the stakeholders" and the "level of impact on Winbond’s sustainable corporate management" for each of the concerned topic and make a matrix diagram for Winbond's material topics.
Step 3: Define the material topics in 2019
- After the strict identification procedures, the material topics in 2019 are the matrix diagram closed to the upper right corner, which indicates that they have a higher level of concern from stakeholders and they also have a higher level of impact on our sustainable management; the scopes of the twelve material topics are as follows:
Remarks: the new material topics for this year, compared to 2018, including "quality management", "corporate governance" and "risk management"; the other topics have been combined and condensed for effective management. The material topics of the previous year that are not listed this year include "labor/management relations", "emission management", "energy", and "water resources".
