STRATEGIES TO LEAD TO BUSINESS GOALS AND OUTCOMES
DEMCO’s Sustainability Strategy
Under the sustainable development framework, the Board of Directors has set a strategic operational direction focusing on business operations and expansion to support the transition towards Smart Energy Service Business. DEMCO has developed its sustainability strategy through a materiality assessment process to address future challenges in alignment with this strategic direction. At the same time, the Company continuously creates shared value for stakeholders (Stakeholder Value Creation) in order to achieve DEMCO’s sustainable development vision—committed to strengthening the organization’s long-term potential through sustainable growth. To this end, DEMCO has defined key sustainability strategies as critical driving forces, including:
Sustainability Goals and Strategies
DEMCO is committed to conducting its business based on balanced organizational management, with a focus on strengthening the Company and achieving sustainable growth, while upholding its responsibilities to the economy, society, environment, and good corporate governance. The Company emphasizes sustainable business development to support the achievement of the United Nations Sustainable Development Goals (SDGs).
Defining Business Goals and Operations in Support of the
United Nations Sustainable Development Goals (SDGs)
DEMCO is committed to sustainable development and growth, and strives to be a key driver in advancing the United Nations Sustainable Development Goals (SDGs). To ensure that DEMCO’s operations appropriately align with the SDGs, the Company has integrated these goals into its vision, strategic plan, material sustainability issues, and stakeholder expectations.
DEMCO has selected six out of the seventeen SDGs as its primary focus, namely: Goal 7: Affordable and Clean Energy, Goal 8: Decent Work and Economic Growth, Goal 9: Industry, Innovation and Infrastructure, Goal 12: Responsible Consumption and Production, Goal 13: Climate Action, Goal 16: Peace and Justice Strong Institutions. These goals have been incorporated into DEMCO’s existing operational framework and are also embedded in future plans to ensure that the Company continues to move in a globally aligned direction. This approach enhances value for all stakeholders and supports the successful achievement of these global goals going forward.
DEMCO’s Pathway to Sustainability
DEMCO’s approach to sustainability is rooted in the Company’s core values, known as “i DEMCO”.
Materiality Assessment for Sustainability
Demco has identified sustainability topics that align with the Company’s core business operations. The process began with a study of current sustainability issues that are of international concern—across economic, social, and environmental dimensions. From this, only the topics relevant to Demco Group’s operations were selected. The selection process of material topics and determination of their impact boundaries is conducted in four key steps, as outlined below:
Review and Update of Material Topics
In 2024, Demco conducted a review of material sustainability topics relevant to its business operations, covering both internal and external factors. This review took into account the Company’s risk profile and the expectations of all stakeholder groups, along with industry trends and sustainability directions in the energy and utilities sector.
The process followed international sustainability disclosure standards (GRI Standards) and was aligned with the United Nations Sustainable Development Goals (SDGs). Demco regularly reviews and assesses the impact of each material topic on an annual basis. The assessment results serve as key inputs for formulating appropriate sustainability policies and strategies, under the oversight of the Sustainability Development Taskforce.
Once validated, the material topics are presented to the Corporate Governance and Sustainability Committee and the Board of Directors for review, approval, and endorsement. Following approval, the Company develops its sustainability action plans and enterprise risk management plans, both of which are reviewed by senior management, with the Chief Executive Officer serving as the approving authority. This ensures the Company can meet stakeholder expectations and continuously drive sustainable development forward.
Materiality Matrix for 2024
Based on the 2024 materiality assessment process, the resulting materiality matrix is presented as follows:
DEMCO’s Material Sustainability Topics for 2024
