Climate Change Data

Environmental Metrics

ESG Focus Areas

• Farmer Development
• Green Factory and Community
• Family Work and Life Balance
• Organic Food and Healthy Food R&D
• Good Corporate Governance

Environmental Achievements

• Installed solar roof project at Banglane factory for cleaner energy usage
• Stopped using Sulphur in the production process
• Expanded the use of environmentally friendly packaging
• Reduced fuel oil consumption in the production process per production volume
• Reduced greenhouse gas emissions by 49,145 tCO2e per year (T-VER project)
• Reduced total number of accidents by 50% compared to 2018

Social Achievements

• Launched Model Farm at School project to promote organic and socially responsible farming practices
• Promoted drip irrigation system for Thai Wah farmer members
• Organized “Thai Wah Thanks Farmers” event
• Launched online English language learning program for elementary students
• Implemented mushroom cultivation program for community schools
• Organized Young Master Chef THAIWAH Competition
• Organized Happy Family Staff program
• Organized community health promotion program
• Organized Opportunity Day for community plant visit
• Provided scholarships to children of employees

Governance Achievements

• Received a “Very Good CG Scoring” rating in 2019 from the Thai Institute of Directors (IOD)
• Certified as a member of Private Sector Collective Action Coalition against Corruption (CAC)
• Established anti-corruption training for all employees (99% participation)
• Renamed Audit and Risk Committee to “Audit, Risk and Corporate Governance Committee”, expanding its scope of duties and responsibilities
• Implemented internal control and risk management in accordance with COSO-ERM

Climate Goals & Targets

Environmental Challenges

• Volatility of weather patterns and outbreak of diseases
• Spread of cassava mosaic disease
• Water shortage risk
• Corruption

Mitigation Strategies

• R&D on new durable varieties and raw material substitutes
• Identification of additional raw material sources
• Greenhouse farming project for urgent production of cassava seedlings
• Water management guideline and risk management plan
• Anti-corruption policy and compliance approaches, training, and grievance mechanisms

Supply Chain Management

Responsible Procurement

• Promoting engagement of business partners
• Fair trade practices
• Sustainable raw material sourcing
• Use of root stations for direct purchase from farmers
• Dissemination of sustainable procurement policies to business partners

Climate-Related Risks & Opportunities

Physical Risks

• Volatility of weather patterns
• Drought

Transition Risks

• Climate change

Opportunities

• Use of renewable energy (solar, biogas)

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: FSSC 22000, ISO 9001:2008, Good Manufacturing Practice (GMP), Hazard Analysis Critical Control Point (HACCP), KOSHER, BRC Global Standards (Grade AA), HALAL, ISO/IEC 17025

Third-party Assurance: EY Company Limited (financial performance only)

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger
• Goal 3: Good Health and Well-being
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 11: Sustainable Cities and Communities
• Goal 12: Responsible Consumption and Production
• Goal 13: Climate Action
• Goal 15: Life on Land
• Goal 17: Partnerships for the Goals

The company's initiatives contribute to these goals through farmer development, sustainable supply chain management, community development, environmental protection, and responsible business practices.

Sustainable Products & Innovation

• Double Dragon Balance (DD Balance) vermicelli
• Double Dragon Crystal Ready (DD Ready) vermicelli
• Biodegradable plastics made from tapioca starch

Awards & Recognition

• Thailand Sustainability Investment (THSI) Sustainability Disclosure Award
• ESG 100 Award (2nd consecutive year)
• First Sustainability Disclosure Award by Thaipat Institute
• Superior Taste Awards (2 stars) for Double Dragon Balance vermicelli
• Healthier Choice certification for Double Dragon Crystal Ready vermicelli

Environmental Metrics

ESG Focus Areas

• Farmer Development
• Green Factory and Community
• Family and Well-Being
• Food and Finished Goods
• Good Corporate Governance

Environmental Achievements

• Reduced water consumption by 351 million liters
• Increased consumption of electricity generated by solar power to 2,400 MWh
• Increased consumption of electricity generated by biomass to 27,012,152 units
• Reduced plastic packaging consumption by 4.8 tons
• Reduced cardboard consumption by approximately 134 tons per SKU using green carton
• Reduced GHG emissions through 3T Strategies: Traceability, Transition, and Transformation

Social Achievements

• Disease-free cassava stems distributed to farmers increased by 30% to 797,102 stems
• Knowledge sharing and training provided for 560 farmers in Thailand and 110 farmers in Cambodia
• Average training hours was 69 hours/person/year
• Ratio of female associates to male associates remained at 1:1
• Associate Engagement Survey (AES) resulted in a 95% engagement score
• Received the “Best Companies to Work for in Asia 2022” Award by HR ASIA

Governance Achievements

• Rated “Excellent” in the Corporate Governance Report (CGR) of Thai Listed Companies Program 2022 by the Thai Institute of Directors (IOD) for two consecutive years
• Implemented a comprehensive risk management system in compliance with the COSO Enterprise Risk Management (ERM) framework
• Launched a series of comprehensive training courses for plant managers and heads of departments on risk management
• Implemented a set of Key Risk Indicators (KRIs) to prepare for potential risks
• Established Business Continuity Management (BCM) Teams to prepare and review Business Continuity Plans (BCPs)

Climate Goals & Targets

Environmental Challenges

• Rising energy costs due to increased oil prices and the war in Ukraine
• Climate change effects, including flooding, leading to material shortages and price increases
• Uncertainty of socio-economic conditions due to global inflation, rising interest rates, and political uncertainty
• Cassava Mosaic Disease (CMD) outbreak

Mitigation Strategies

• Implemented an energy-saving policy and shifted to solar and biomass power
• Developed strategies for sustainable supply sourcing and management to build resilience and mitigate risks
• Implemented a comprehensive risk management system and Business Continuity Plans
• Dispersed disease-free cassava stems to farmers

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Prioritization of local sourcing
• Procurement of environmentally friendly products and services

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Transition Risks

• Increased energy costs
• Changes in environmental regulations

Opportunities

• Development of energy-efficient products
• Renewable energy sources

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 45001, ISO 14001, Green Industry Level 3

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8
• 9
• 10
• 12
• 13
• 14
• 15
• 16
• 17

The report details how Thai Wah's initiatives contribute to these goals.

Sustainable Products & Innovation

• RosEco biodegradable products
• Plant-based food products

Awards & Recognition

• ESG 100 by Thaipat
• HR Asia Award
• Thailand Sustainability Investment (THSI)
• Outstanding Investor Relations Awards by SET
• Sustainability Excellence: Rising Star by SET
• Steward Leadership (SL25)
• Corporate Governance Report (CGR) of the Thai Listed Companies in 2022 by the Thai Institute of Directors (IOD)
• Sustainability Disclosure Recognition by Thaipat
• CSR-DIW Continuous Award 2022 by Department of Industrial Works, Ministry of Industry, Thailand
• Best Companies to Work for in Asia 2022 by HR Asia