Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Conserved natural resources by promoting 3Rs activity (Reduce Reuse Recycle) such as reduce using of hazardous chemicals, reduce use of foaming agent in the nozzle calibration process, stop using silicone for refrigerator door gasket seal by using highly efficient auto vacuum forming in forming plastic sheet for refrigerator door, and recycling of waste plastic from plastic injection to reuse.
• Saved energy by encouraging improvement in the production process. To explore and improve electricity consumption, to appropriate with the production quantity such as control the usage of LPG, control the production efficiency, improve the high electric consumption machine, temperature control in the testing room, installation of air-conditioning control system with the central unit to control switch on/off in a more efficient manner ,and examining as well as solving air leak in the production process to reduce waste etc.
• Protected the environment: Treated wastewater before discharging into the environment by adopting the concept Internet of Things (IoT) for the first time with installation of water quality measurement equipment to test the water once a month. Tested quality of rainwater in gutters once a year, quality of air emission twice a year, and the environment in the workplace twice a year. Controlled and managed waste in accordance with the law, as well as organized activity to reduce such production waste as steel scrap, plastic waste, paint residue, cloth remnants, etc. Managed and sorted out garbage for recycling to reduce the landfill volume.
• Phased out the use of ozone-depleting refrigerants by using R600a in place of R134a to help reduce and prevent a rise of atmospheric temperature.
• Avoided posing impacts on the surrounding community: Improved stack that releases odor of paint to the surrounding community by increasing its height from 16 meters to 20 meters for better dissipation of odor in the air, hence less disturbance to the surrounding community, and remaining harmless to the atmosphere. Lessened paint residue by changing paint from oil paint to tempera, and due to frequent paint changing in the manufacturing process which led to large volume of paint residue, adding one more paint tube to reduce paint color shading stages. Improved wastewater disposal by keeping it in wastewater tank before discharging as hazardous waste. Controlled discharged water before releasing to public waterway, with all parameter values set at 20% lower than the maximum values prescribed by law, such as biological oxygen demand (BOD) value set at 16 mg/liter compared with 20 mg/liter set by law.

Social Achievements

• The company has been awarded the certificate of Best health environment and health promotion practice in the workplace from Department of Health, Ministry of Public Health.
• The company has been awarded the Best Labor Relations and Welfare Management Award from Department of Labour Protection and Welfare for 11 years in a row (2007- 2017).
• The Company has incorporated occupational health, safety, and environment into the yearly policy and action plan so that the executives, supervisors, and staff at all levels will cooperate in the implementation according to the policy consistently and efficiently.
• In 2017, five injured employees were recorded representing 0.2% of total employees, and such injuries were not serious ones.

Governance Achievements

• The Company is determined to operate business in a fair, transparent and examinable manner under its corporate governance policy.
• The Board of Directors and the Board of Executive Directors adopt and direct the operational policy of the Company by giving importance to internal control, audit systems and supervising management to ensure that the Company’s objectives and policies are efficiently satisfied within the purview of the laws and the code of business ethics.
• The Company complied with the five categories of corporate governance principles: Rights of Shareholders, Equitable Treatment of Shareholders, Roles of Stakeholders, Information Disclosure and Transparency, Responsibility of the Board of Directors.

Climate Goals & Targets

Environmental Challenges

• keen competition which has impact on business growth
• technology changes and product development
• inventory management risk
• trade liberalization and the advent of ASEAN Economic Community (AEC)
• raw materials and supply chain
• financial risk (foreign exchange, interest rate, credit, liquidity)
• labor risk
• changes in laws

Mitigation Strategies

• increasingly grow its export in other markets in a bid to diversify its product distribution risk
• keep abreast of all changing circumstances closely and conduct a study on product development trends to match market demand
• Adoption of Kanban for management of inventory volume
• set its selling prices commensurate with the value of the products offered to the customers
• draw up a business continuity plan for management of trade partners
• keep abreast of global circumstances and get prepared to adjust to any rapid changes
• execute a forward contract for a period not longer than one year as a measure to hedge against risk from financial liabilities denominated in foreign currencies
• maintain an adequate amount of cash and cash equivalents as required for business operation
• competitive pay and welfare
• bilateral collaboration with vocational educational institutes
• assigned a work unit to be responsible for and following up on the enforcement of the said laws and regulations and appointed Chief Compliance Officer (CCO)

Supply Chain Management

Responsible Procurement

• socially responsible procurement policy, entailing procurement control, supply source assessment, supplier selection

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001

Sustainable Products & Innovation

• Living fan with bluetooth control
• VD Series duct ventilating fans with Dual Barrier Coating
• small motors to abort the Stator coating
• refrigerator with Touchscreen door panel

Awards & Recognition

• IP Champion Award 2017
• Best health environment and health promotion practice in the workplace
• Best Labor Relations and Welfare Management Award