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Material Issues Impacting our Strategy

As we define our goals and strategic priorities, we identify and analyse material
matters that may impact our value creation and stakeholders over the short,
medium and long-term. They provide better understanding of our business
impact on stakeholders and vice versa.

Materiality study and process
We conduct extensive materiality study every four years by engaging with all our internal and external
stakeholders. We regularly update the position of these material aspects in the materiality matrix, as we keep
analysing their status with our management committee. We address highly critical aspects through a structured
roadmap and increased engagement with respective stakeholders. In FY 2019-20, we adopted a new approach
to finalise material matters for the study carried out in previous years that consists of the following:
Internal strategy workshops and calls with all locations to analyse the progress of each material topic

Discussing and prioritising issues in monthly Management Review Committee
Analysis of global trends and local environment, chemical sector and social challenges

Identifying Evaluating Mapping Identifying critical
material issues present status of ambitions against and key action
material issues materiality issues areas based on
gaps to be covered
Study of: Engaging with internal Prioritising actionable Prioritising the key areas
internal and external cross-functional teams themes for now and into short, medium and
factors Evaluating the long- by 2030 long-term needs, as per
SWOT analysis carried term strategy plan and Revamping the internal and external
relevance
out by all group its progress strategy and aligning
companies all the geographies

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20 I INTEGRATED ANNUAL REPORT 2019-20 I INTEGRATED ANNUAL REPORT 2019-20