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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.
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.