Ruentex Development, in accordance with the GRI Standards (2021) framework, integrates two materiality assessment approaches—“Stakeholder Topic Concern Level Analysis” and “Impact Level Assessment Analysis”—to identify sustainability topics that require priority management.
Comprehensively considering stakeholder questionnaire results (Step 3), impact assessment results (Step 4), company philosophy and brand core values, the Sustainable Development Task Force and external experts reached consensus on this year’s material topics, totaling 9 items.
Each department and the project team will formulate corresponding strategies and management objectives for the material topics identified in 2024, and report analysis results and implementation planning to the Board of Directors in 2025.
As for those not listed as material topics, they will still be managed according to existing management systems and corresponding measures, and the company’s overall sustainability performance will be disclosed to stakeholders according to indicators such as GRI and SASB.
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EnvironmentRaw Material Management
Waste Management
Energy and Greenhouse Gas Management -
SocialOccupational Safety and Health
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GovernanceRegulatory Compliance and Ethical Integrity
Operations and Financial Status -
ProductBuilding Quality and Safety
Customer Rights and Service Quality
Sustainable and Innovative Products and Services
| Material Issues | Explanation of Impact on the Value Chain |
|---|---|
| Operations and Financial Status | The cyclical fluctuations of the real estate market impact the entire construction and department store supply chain. The company follows a mixed-use development and management approach to create stable revenue. Through internal and external financial and business meetings, the company effectively communicates the current operational status and future outlook to employees, shareholders, and investors. |
| Sustainable and Innovative Products and Services | If issues such as building energy consumption, greening and water retention, and living health are not considered from the perspective of a building’s life cycle, this will affect the entire urban landscape and living quality. At the design stage, the company incorporates elements of smart buildings, green buildings, and healthy buildings. It develops emission reduction tecŠologies and methods, maximizing the use of natural lighting, thermal insulation mortars, and soundproof flooring designs to improve the energy efficiency of buildings and enhance user comfort. |
| Customer Rights and Service Quality | Failure to properly safeguard customer rights and maintain service quality can negatively impact the company’s reputation and revenue. For each project, the company provides a “Construction Traceability Record” as an important certification of material quality during handover. The company also continuously improves service quality and enhances customer care to avoid the negative impacts of declining customer satisfaction. |
| Building Quality and Safety | Failure to consistently control product quality and safety can severely impact customer rights and residential safety, as well as damage the reputation and business performance of industry partners. For each project, the company includes detailed information in the project record, such as the types and quantities of third-party test reports, testing frequencies, and sampling standards. Additionally, the company strictly supervises and inspects construction quality to reduce the likelihood of negative impacts. |
| Energy and Greenhouse Gas Management | Failure to properly manage energy and greenhouse gas emissions in the construction industry will significantly accelerate global warming and cause irreversible negative impacts on the environment. The company strictly follows the sustainability development policies for publicly listed companies, completing audits and verifications within the required timelines. Based on the results, the company plans to set carbon reduction targets. |
| Occupational Safety and Health | Failure to ensure the health and safety of employees and workers will undermine their human rights. In addition to subsidizing health checkups, the company also regularly conducts occupational health promotion activities; subsidiary Ruentex Engineering & Construction provides employees with a healthy and safe work environment and reduces occupational accidents through the introduction of ISO45001 occupational health and safety management systems. |
| Raw Material Management | Due to global net-zero emissions trends causing rising energy costs, which in turn affect raw material transportation prices, and even supply chain disruptions or material scarcity due to extreme climate, response strategies need to be formulated to ensure stability of raw material management |
| Waste Management | Enterprises should reduce waste generation, promote waste recycling and reuse, establish strict waste disposal processes to minimize environmental impact, and actively participate in related environmental protection programs. |
| Regulatory Compliance and Ethical Integrity | The company establishes relevant codes of conduct for directors, all employees, procurement personnel, etc., to strengthen the Group’s concepts of integrity and selfdiscipline, ensure compliance with regulations and industry standards, avoid unethical behaviors such as corruption, bribery, monopolization, or violations of fair trade, thereby strengthening stakeholder trust. |