Incorporating stakeholders into our sustainability approach is absolutely crucial. Their desires, expectations, and needs play a pivotal role in guiding how we allocate our efforts across economic, environmental, and social domains. Furthermore, they contribute significantly to shaping our organization's definition of success when it comes to sustainability. To ensure the effectiveness of our sustainability strategy, it's essential that we first recognize the key stakeholder groups and fully understand how their interconnected interests and influences impact one another.
The initial phase of our stakeholder involvement strategy involved identifying these stakeholders and delving into their relevant sustainability concerns. Our primary criterion for this identification process was evaluating the extent to which these entities directly impact our operational activities. Simultaneously, we assessed which individuals or groups are influenced by our actions and operations. The figure provided above accurately represents the stakeholders we've identified using the Farabi Integrated Management System (FIMS) Stakeholder Engagement protocol.
