SCBX Group’s path towards sustainability starts from
the analysis of economic, social and environmental ‘impacts’
Materiality and Stakeholder Engagement SCBX Group conducts an annual assessment or review of material sustainability issues in accordance with the Global Reporting Initiative (GRI) Standards, integrating the Double Materiality principle in alignment with the European Commission’s Corporate Sustainability Reporting Directive (CSRD), with reference to the European Sustainability Reporting Standards (ESRS).
The Double Materiality assessment evaluates sustainability issues across two main dimensions.
1.Impact Materiality: An assessment of actual and potential positive and negative impacts arising from SCBX Group’s operations across the short and long term, taking into account stakeholder expectations throughout the value chain.
2.Financial Materiality: An assessment of sustainability-related risks and opportunities that may influence SCBX Group’s financial position and performance.
This assessment enables SCBX Group to develop a comprehensive view of material risks and opportunities—both financial and non-financial—thereby strengthening transparency and accountability in business operations as well as enhancing the Group’s ability to meet the expectations of investors, customers, and stakeholders with a strong focus on ESG considerations.
In 2025, SCBX Group reviewed the material sustainability issues through the Double Materiality assessment to ensure relevance and alignment with the evolving business landscape. The assessment incorporated both internal and external perspectives, alignment with applicable sustainability standards, major sectoral trends, and stakeholder expectations.
Based on the assessment, SCBX Group identified 16 materiality issues, including 3 newly added issues including climate mitigation & adaptation, digital fraud management, and market conduct, compared with 2024. The Board of Directors has reviewed and approved the 2025 material sustainability issues, as follows.
Double Materiality Assessment Process
Analyse sustainability issues along the value chain, together with the analysis of changes in key trends and peer industries
Analyze important issues for internal and external stakeholders, including customers, employees, regulators, investors, business partners, trading partners, and civil society, covering the impacts that have occurred and that may occur, positive and negative impacts, including risks and opportunities through stakeholder engagement.
Analyse the alignment with SCBX enterprise risk management framework and SCBX strategic business direction to understand the significance, severity, likelihood, and scale & scope of the impacts, risks, and opportunities
Assess and prioritize sustainability issues by considering both ‘Impact Materiality’ and ‘Financial Materiality’ dimensions, and submit the assessment results for review by experts, comments and approval by the Board of Directors and/or senior management.
Result of ESG Materiality Assessment
Remark:
* The topics sort alphabetically.
Independent Third-party Assurance Provider
To ensure that materiality assessment process is completeness, accurate, and aligns with the Global Reporting Initiative (GRI) standards, as well as the concept of Double Materiality proposed by the European Commission, SCBX engaged with an independent third-party assurance provider to verify the process of materiality assessment.
Impact Valuation
Impact valuation helps businesses understand and manage their impacts on the well-being of their stakeholders and the environment. This leads to decision-making that creates value for all, not just shareholders. In the era of stakeholder capitalism, this approach is increasingly recognized as a method to drive business value while addressing social and environmental challenges.
For SCBX, impact valuation provides valuable data that aids in developing its strategies to mitigate negative societal and environmental impacts while identifying opportunities for positive outcomes. This approach also enhances the Group’s resilience.
Overview
Policies
Plant Digital Seed
Enriching Lives
Growing Economic Resilience
Reaching Climate Neutrality
Strengthened Foundation
Progress
Report and Disclosures
