Climate Governance
The company places significant importance on overseeing and managing risks or opportunities related to climate change. Therefore, it has established a "Climate Change Management Policy"
The Corporate Sustainability Development Working Committee, comprising executives from all departments of the company, is responsible for assessing risks arising from climate change, establishing measures to prevent and mitigate physical risks caused by changing climate conditions, as well as transition risks related to domestic and international laws and regulations that must be complied with. The committee also sets targets for reducing greenhouse gas emissions in alignment with international practices and monitors the progress of implementation.
The company is committed to becoming a carbon-neutral organization by 2030, and has established organizational goals to achieve this aim as follows:
Greenhouse Gas Management Plan for the Organization 2024-2027
The company is committed to achieving carbon neutrality by 2030 and has set long-term targets to reduce greenhouse gas emissions by 22.5% in Scope 1 and 2, and to reduce Scope 3 greenhouse gas emissions from raw material sourcing by 25% compared to the 2021 baseline, also by 2030, with 100% coverage of the Company’s operational area in Buriram Province. A greenhouse gas management and carbon offset plan for the organization from 2024 to 2027 has been developed as follows:
Strategies to Reduce Emissions and Increase Greenhouse Gas Sequestration
| Strategy | Scope | Operational Approach | ||
|---|---|---|---|---|
| 1 | 2 | 3 | ||
| Increase the use of renewable energy and biomass energy | | | | | Expand production capacity and the use of renewable energy, biomass, and solar energy to reduce dependence on fossil fuels and electricity from non-renewable sources. | |
| Enhance the efficiency of electricity usage in the production process | | | Inspect and improve machinery and production processes to enhance the efficiency of electricity usage. | ||
| Manage resources and waste efficiently | | | Utilize resources efficiently and reduce waste generation at the source by promoting recycling and resource circulation, as well as effective waste management to minimize landfill disposal. | ||
| Promote collaboration within the supply chain | | | Support suppliers in reducing greenhouse gas emissions throughout the supply chain, from upstream to downstream. | ||
| Research and develop green technologies | | | | | | | Invest in research and development of technologies that accelerate the reduction, capture, and storage of greenhouse gases in the production process. |
| Restore and conserve natural resources | | | Restore forest integrity by supporting the planting of rubber trees as a carbon sequestration source. | ||
Performance based on 2024 Strategy
1. Increasing the Proportion of Renewable and Biomass Energy Consumption
2. Increasing energy efficiency in the production process
3. Promoting collaboration in the supply chain
- Sustainable supply chain management:
104 suppliers met the sustainability evaluation criteria, representing 11% of the total number of suppliers.
- Transportation and logistics
The company transported a total of 4,970 containers by rail, resulting in a reduction of greenhouse gas emissions from transportation by approximately 16,120 tons of carbon dioxide equivalent.
4. Resource management and waste management
5. Green technology research and development
The company is currently studying the use of clean technology to reduce greenhouse gas emissions in the production process, such as renewable energy, efficient production technologies, and energy management systems. It is anticipated that these technologies will be implemented in 2025.
6. Restoration and conservation of natural resources
The company supported tree planting initiatives to absorb carbon dioxide, which is a key strategy for mitigating the impacts of climate change and enhancing ecosystem balance. In 2024, the company engaged in the "Jor-Por Charity Planting" project, aiming to expand and restore green areas of 2 rais within the NER’s premises. Trees planted included 15 Ironwood trees, 15 Pterocarpus macrocarpus trees, 15 Yellow Meranti trees, 15 Teak trees, 15 Rubber trees, 10 Senna siamea trees, and 15 Indian Gooseberry trees.
Organizational Greenhouse Gas Emissions Data
In 2024, the company received registration for its carbon footprint, reflecting data from January 1 to December 31, 2023, from the Thailand Greenhouse Gas Management Organization (Public Organization) on November 26, 2024.
The company has prepared a report on greenhouse gas emissions and absorption for the period from January 1 to December 31, 2024, which was verified by ECEE Co., Ltd., an accredited auditor. The company is currently in the process of seeking certification and registration of its carbon footprint from the Thailand Greenhouse Gas Management Organization (Public Organization)
The company reported indirect greenhouse gas emissions in the supply chain (Scope 3) totaling 69,747 tons of carbon dioxide equivalent, representing a reduction of 14.15% compared to 2023 and a 24.99% decrease compared to the baseline year of 2021.
The main goals and notable outcomes of the initiatives focused on climate and decarbonization are summarized in the table below.
