Page 215 - KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED : ANNUAL REPORT 2024

KEX EXPRESS (THAILAND) PUBLIC COMPANY LIMITED 215

Materiality Assessment

Step 1 - Identification Operational Highlights and Financial Summary

Identifying issues from both internal and external factors with the potential to have an impact on the
long-term growth of KEX by analysing business direction, risks and opportunities under economic
Operational Highlights and Financial Summary
and market conditions, social movement and employees’ expectation as well as an impact from climate
change toward KEX operation in short-term, medium-term and long-term. After getting a list, the
management is involved in shortlisting only the material issues that should be focused.

Step 2 - Prioritisation Key Milestones
Key Milestones

The Executive Committee plays a key role in reviewing and prioritizing the material issues identified
in the shortlist proposed by the management team. During this stage, the committee evaluates the
shortlisted issues, taking into account the results of the stakeholder engagement survey and other Business Overview
relevant factors provided by the management team. Through this assessment, the Executive
Committee categorizes the material issues into high, medium, and low priority based on two key
Business Overview
dimensions: the stakeholders’ perspective (including significant issues of interest and stakeholder
expectations for KEX) and KEX’s perspective (impact on the business).

Step 3 - Validating the focused material issues Governance Structure and Practices

The sustainability taskforce, led by the Chief Financial Officer, is the first to review the results from
Step 2 to ensure alignment with the perspectives of the Executive Committee, the management team,
Governance Structure and Practices
and stakeholder engagement outcomes.

Following this, an independent third-party verifier is invited to conduct a secondary review to validate
the accuracy of the process and results, as well as to ensure the completeness of the information and
the materiality matrix. Once finalized, the Executive Committee submits the material issues and
materiality matrix for the Board of Directors’ approval, along with a commitment to present goals and Financial Performance
roadmaps for short-, medium-, and long-term implementation. Sustainable Development

Financial Performance

Sustainable Development