ESG Report 2023

11 4.4 Materiality Assessment During the Year, the Group conducted a materiality assessment to identify the important ESG issues. The materiality assessment helps the Group to ensure that the business objectives and direction of development can meet stakeholders’ expectations and needs. The materiality assessment is carried out in three main phases: i. Establish a number of ESG-related issues that carry potential impacts on the business or stakeholders based on the industry and business nature of the Group. Conduct a survey by inviting the internal and external stakeholders of the Group to complete a questionnaire, so as to gather the information showing the level of importance that each stakeholder attaches to ESG-related issues and understand their expectations for the Group’s response and disclosure of ESG issues. iii Analyse the results of valid questionnaires and draw the following importance matrix to establish the priority of ESG-related issues ii. . 10 31 32 34 33 6 8 4 11 5 3 2 15 1417 18 13 27 29 25 19 22 1 26 1612 7 9 30 24 23 20 28 Significance To Stakeholders Low Medium High Significance To The Group’s Business Low Medium High Environmental, Social and Governance Report 2023 The United Laboratories International Holdings Limited