Sustainability Materiality Assessment

Axia Corporation Limited’s sustainability strategy is designed to generate a positive impact through targeted initiatives that address the most pertinent concerns of stakeholders. Following the principles of Economic, Environmental, Social, and Governance (ESG) issues in line with the Global Reporting Initiative (GRI) guidelines, our strategy underscores a commitment to sustainable practices. We actively engage with both internal and external stakeholders, conduct thorough analyses of business risks and opportunities, and measure our performance against industry benchmarks. This evaluation forms the basis for shaping our sustainability strategy, setting goals, and informing our reporting practices. We firmly believe that our most significant contribution to sustainable development is the operation of an efficient and profitable business.

Sustainability Material Assessment Process

Our sustainability materiality assessment is a crucial process that support identifying the most significant issues that could impact our business, values, and ability to achieve our strategic objectives. This assessment was conducted by the Group through a questionnaire survey. The data collected from the survey underwent several phases of analysis, including the identification of issues relevant to our operations through stakeholder assessment and benchmarking. The survey evaluated management’s perceptions of the relative importance of the identified topics to Axia Corporation Limited and their influence on stakeholder decisions and Human Rights. The final
topics were reviewed and approved by senior management to ensure consistency with our business activities

Material Topics

The material issues identified have been reaffirmed as being the most relevant to Axia Corporation Limited for the period ending 30 June 2024. The identified issues were categorised into economic, environmental, social and governance topics as presented below:

Economic category

topics that cover the flow of capital among different stakeholders, and the main economic impacts of the Group throughout the society.

Environmental category

covers impacts on living and non-living natural systems, including land, air, water, and ecosystems.

Social category

topics that relate to impacts on the social systems and human rights in our area of operations.

Governance

covers impacts on the system of rules, practices and processes by which the Group is directed and controlled.

Materiality Matrix

The materiality analysis presented below ranks the top 13 topics that are most significant to the business and to its stakeholders. The Group’s assessment has shown that there are slight changes in the material topics from the previous year.