VALUE THROUGH INNOVATION

Strategic Stakeholder Engagement and Future
Proofing
Strategic Stakeholder Engagement, the second component of ABG
Sustainability Framework is defined as: ‘Horizontal scanning and
megatrend analysis to gain knowledge of how, and how fast externalities
will change usually by disruptions’. The goal of Stakeholder Engagement
as per the ABG framework is to build strong relationships with our
stakeholders and key technical experts on climate change, water and
waste management, demographic changes, developments in human
rights legislation, safety standards, health impacts, technology changes
and the like.
In this reporting period, we have conducted strategic stakeholder
engagement ABG engages with industry experts, regional and
sectoral experts along with key stakeholders wherein deliberated on:
environmental, social, economic, technological, and business trends
that would impact the business’ operations and products in the next
10 years. We invited to the engagement senior management teams of
our critical shareholders, bankers, suppliers, regulators, communities,
customers, employees and sector experts. In groups we deliberated on
the following megatrends – nature and possibility of the trend in our
geography and operating environment; its nature and scale of impact
on our business and finally, response strategies.
INDO THAI SYNTHETICS SUSTAINABILITY REPORT 2016 | 53