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Material Issues

Our materiality assessment represents an opportunity to understand material topics relevant to our stakeholders and our business operations, in addition to providing insight on how we create value on Environment, Social and Governance (ESG) landscape. In FY23, in our effort to create a holistic framework to engage with our expansive ecosystem of stakeholders, we designed an exhaustive and comprehensive materiality assessment. Through this assessment, we have derived 25 material topics critical to our value creation agenda.

Our materiality determination process is further elaborated here:

Identification
of Material Topics
Prioritisation
of Material Topics
Review
of Material Topics
Validation
of Material Topics
  • Identifying material issues of industry peers based on national and international frameworks and standards
  • Identification of internal and external stakeholders
  • Develop universe of material topics
  • Develop materiality assessment questionnaire for finalised topics
  • Finalise the questionnaire and float to stakeholders
  • Receive and map business objectives and risks
  • Data analysis for materiality assessment
  • Draft materiality matrix for management discussions, review and approval
  • Materiality matrix are further validated by Tata Power’s Senior Management
  • Finalisation of materiality matrix

Materiality Matrix

In our effort to adopt benchmark standards in corporate governance, Tata Power follows a materiality matrix, which is designed based on feedback and inference from an exhaustive online materiality survey with stakeholders.

Environment

  • Climate Strategy
  • Emissions Management
  • Energy Management
  • Continuous & Affordable Green Power
  • Safeguarding Biodiversity
  • Hazardous & Toxic Waste Management
  • Water and Effluent Management

Social

  • Diversity and Inclusion in workplace
  • Socially Responsible Employer
  • Employee Retention, Engagement and Talent Development
  • Occupational Health & Safety
  • Labour Management
  • Human Rights
  • Customer Relationship Management
  • Building Sustainable Communities
  • Responsible Supply Chain

Governance

  • Creating Economic Value
  • ESG Governance
  • Risk Management & BCDMP (Business Continuity & Disaster Management Plan)
  • Ethical Business Conduct
  • Transparency and Accountability
  • Digitalisation and Cybersecurity
  • Regulatory Compliance & Landscape
  • New Business Opportunities
  • Innovation and Collaborations
Investors
Sustainability
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