REPORTING CONTEXT ABOUT US OUR OPERATING CONTEXT OUR PERFORMANCE OUR LEADERSHIP GOVERNANCE OUR FINANCIAL STATEMENTS SHAREHOLDERS' CORNER Our most material matters PhoenixBev’s material matters shape its approach to business and define the contents of this report. They are those matters that could most significantly affect our ability to create value over the short, medium and long term. Material matters are identified by considering a range of financial and non-financial factors that could affect our strategy, performance and prospects. These include: • SDG workshops attended by management and team members • top risks and opportunities identified through our risk management process • key stakeholder expectations • guidelines and frameworks • legislation • industry initiatives Material matters are reviewed at least annually. Those disclosed last year, remain relevant and are discussed below. MATERIAL OUR MATERIAL MATTERS Profitability and returns World-class execution Meeting market needs to provide happiness through beverages Teammember safety, health and wellbeing Contribution to community and country Business relationships Sustainable business practices Governance Consumers and customers Communities Government and authorities Partners and suppliers Team members Shareholders and funders We aim to achieve operational excellence in production, distribution and management to better meet the needs of our customers and consumers, achieve our financial targets and reduce our environmental impact. More information on our investments in facilities and initiatives to ensure product quality and safety is available on page 51. We continue to develop new products and product categories to ensurewe stay relevant to consumers as tastes and trends change. We promote responsible consumption. Building and sustaining our strong brand portfolio supports expansion in the region. PhoenixBev’s commitment to ethical and responsible business practices supports the Group’s reputation and its relationship with government and society. More information on our products, brands and governance is available on page 52. Related SDGs Related SDGs Primary stakeholders affected Primary stakeholders affected Aspects • Product quality and safety • Maintenance and improvement of facilities and process efficiencies • Portfolio diversification Aspects • Portfolio diversification • Quality of our brands • Product trademarks and copyrights • Business ethics and compliance • IT infrastructure World-class execution Meeting market needs to provide happiness through beverages To create value over the long term, we need to generate and have access to sufficient financial capital in the short term. We also need to balance the needs and expectations of our stakeholders so that we continue to meet the return expectations of shareholders and providers of capital. Covid-19, the war in Ukraine, global inflation and supply chain disruptions affected demand during the year and created some production and operational challenges. Information on our operating context and financial performance is available on pages 25 and 79. Related SDGs Primary stakeholders affected Aspects • Cost control • Capital expenditure and depreciation • Cash flow • Profitability • Shareholder returns Profitability and returns Related risks: Related risks: Related risks: 1 5 8 2 6 9 3 9 11 10 27 Phoenix Beverages Limited Integrated Report 2022 26 Phoenix Beverages Limited Integrated Report 2022
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