Materiality Assessment

Double Materiality Assessment

In 2023, HUMAX Networks conducted a Double Materiality Assessment to analyze the impact that sustainable management-related issues have on the company’s financial status and, conversely, to assess the impact that our business has on the environment and society. We proceeded with benchmarking of the same industry and surveys of our stakeholders by utilizing the double materiality assessment methodology required by the international standards, and ultimately derived four key response issues. The derived issues were then confirmed by reviews conducted by our department in charge of ESG and the top management, and by gathering the opinions of experts. 

Double Materiality Assessment Process 

Meaning of the Double Materiality Assessment

The double materiality assessment entails taking into account not only the impacts of corporate management activities on society and the environment, but also the impacts that external factors have on corporate value and finance. Through this, HUMAX Networks comprehensively reflects the perspectives of various stakeholders including customers, shareholders and investors, suppliers, employees, and local communities in order to establish and implement sustainable management strategies. 

Double Materiality Assessment Results

We have selected four material issues by considering their financial impact on the company and social and environmental materiality during the double materiality assessment, and presented their levels of impact on individual stakeholders. The activities and performance concerning related issue are reported in detail in this report.