STAKEHOLDERS

Stakeholder Communication and Identification

Stakeholder Communication and Identification

FET values its communication and engagement with various stakeholders highly. For the purpose of fully comprehending the essence of internal and external stakeholder management, we have followed the principles of AA1000 Stakeholder Engagement Standard to identify nine types of stakeholders crucial to our operations, and ensure that we have dedicated communication channels to respond to our stakeholders´ requests and expectations in our daily operations.
Material Operational Issues
To ensure more precise control over the significance of material operational issues for organizational decisions as well as their economic, environmental, social and governance (ESG) impacts, and thereby ensure the Company's ability to allocate resources and create value.
The 2017 materiality matrix and definition of materiality
FET completed a materiality analysis this year in accordance with the GRI guidelines and IR framework, and adjusted its materiality matrix to incorporate three axes, namely: "Level of impact on stakeholders' evaluation and decision," "Level of impact on FET's implementation of sustainable strategies" and "ESG impact on value chain from material topics". We divided these issues into three categories: "Critical," "Important" and "Basic" and made different levels of disclosure accordingly.