Materiality Test

Coway conducted materiality tests based on international standard analysis, global benchmarking, media research, and stakeholder surveys. Major issues identified by the tests were reported in the form of the COWAY TRUST REPORT, which was prepared in accordance with the GRI Standards guidelines, thus securing the report’s objectivity.

Step1  Topics Pool

International standard analysis, global benchmarking, internal document assessments, stakeholder interviews, and media research were used to identify 37 topics.

• International Standard Analysis

  Analyze requirements of sustainability management-related international standards and derive issues

  Analysis Target: GRI Standards, ISO26000, SDGs

• Global Benchmarkong

  Review key issues and activities of local and international DJSI World listed companies, partners and competitors

  Investigate local and international sustainability management reporting

• Internal Document Assessments

  Conduct total inspection on articles posted on the Webzine in 2017

  Interview relevant officers

  Review material issues from past year's integrated report

  Check internal policy documents

• Media Research and Stakeholder Survey

  Investigate articles that received media exposure in 2017

  Target Media: 15 daily newspapers and economic daily newspapers including Chosun, JoongAng, Dong-A and Hankyoreh

  Survey Results: 2018. 3. 2 ~ 2018. 3. 9, 179 respondents

Step2 Conduct Materiality Tests

Based on the 37 topics identified, materiality tests were conducted in consideration of ‘business relevance analysis’ and ‘stakeholder impact analysis’.

• BUSINESS RELEVANCE ANALYSIS

  Confirm business directions through analysis of internal documents including in-house newsletters

• STAKEHOLDER IMPACT ANALYSIS

  Conduct online and offline surveys on opinion leaders among Coway employees, investors, expert groups, and stakeholders

Step3 Identify Key Material Topics

Based on the level of ‘business relevance analysis’ and ‘stakeholder impact analysis’, the most important topics in Coway's sustainability management were identified. The business relevance of each topics, major activities, and results were also reported. Materiality Test results can be found in the Materiality Map below.

In particular, we selected 10 material topics in the "High" priority area in connection with the economic, environmental and social indicators defined by GRI Standards.

Material topics identified through materiality test are reflected in the table of contents in consideration of meaning, scope, aspect, reporting period and reporting limits. In addition, topic boundary were selected in consideration of the scope of organizational impact and business value chain.

Materiality Map