Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced traditional electricity consumption by 454,054 kWh per year at WHA EIE water purification plant.
• Reduced traditional electricity consumption by 362,714 kWh per year at ESIE Plaza1 and 2.
• Reduced electricity usage by 1,150 MWh per year (4 million baht) and CO2 offset emissions reductions of 10,500 tons through solar panels and batteries project.
• Reduced greenhouse gas emissions by more than 31,600 tons of carbon dioxide through solar power generation projects.

Social Achievements

• Launched Clean Water for Planet project, raising awareness of water resource importance and providing wastewater treatment systems to communities.
• Provided social and health promotion activities, including support during the COVID-19 pandemic (field hospital, vaccination site, mobile health units, blood donation).
• Implemented educational activities (donations, scholarships, vocational training, art and English camps).
• Collaborated on a project to convert water hyacinth into fibers for creating bags and baskets, generating revenue for the community.

Governance Achievements

• Rated “Excellent” in the Corporate Governance Report of Thai Listed Companies (CGR) 2022 for the fourth consecutive year.
• Scored 100 points in the evaluation of the quality of Annual General Meeting of Shareholders for the year 2022 (AGM Checklist).
• Listed in Thailand Sustainability Investment (THIS) for the third consecutive year.
• Recognized as a certified company by Thailand’s Private Sector Collective Action against Corruption (CAC).

Climate Goals & Targets

Environmental Challenges

• Lower Normalized Share of Profit from power business due to higher gas costs (SPP) and coal costs (IPP), and unplanned maintenance.
• Reliance on major raw water distributors (East Water, RID, WHAID Group).
• Risk from customers concentration (petrochemical, power generation, automobile industries).
• Risk from investment in businesses over which the Company has no control.
• Risk from investment in foreign countries (economic, political, social, legal, regulatory changes, exchange rate fluctuations).
• Uncertainty in economic, political, social, and legal conditions affecting business expansion and operating results.
• Global economic slowdown, changes in government policy, and other macroeconomic factors.
• Risk from fuel shortage (natural gas and coal).
• Risk from severe accidents, drought, natural disasters, and pandemics.
• Climate change (physical and transition risks).

Mitigation Strategies

• Actively exploring and selecting projects with appropriate equity internal rate of return, feasibility studies, and sensitivity analysis.
• Closely monitoring and managing contracts between WHA Industrial Development and utility customers.
• Expanding utilities business outside WHAID group’s industrial estates and industrial lands.
• Closely monitoring customers’ water usage and revising water usage plans.
• Offering a broader range of products (specific industrial water, reverse osmosis).
• Marketing plan to penetrate customers outside industrial estates and industrial land.
• Expanding utility system in new WHAID industrial estates.
• Monitoring natural raw water resources and planning to build water reservoirs.
• Exploring more natural raw water resources.
• Developing wastewater reclamation technology.
• Investing in associated companies with joint venture partners who possess great expertise and experience.
• Arranging meetings with joint venture partners to monitor performance and resolve issues.
• Considering the credibility of joint venture partners and countries for investment.
• Thoroughly reviewing risk factors of foreign investment projects.
• Preparing personnel for foreign business developments.
• Regularly inspecting water system and developing adequate maintenance plan.
• Notifying customers in advance of temporary water shutdowns and preparing reserve water sources.
• Arranging property insurance.
• Initiating digital transformation projects (SCADA, smart devices, GIS model).
• Adhering to all applicable laws, rules, and regulations in Vietnam.
• Continuously monitoring considerations for water tariff adjustments in Vietnam.
• Long-term contracts with customers and take-or-pay contracts.
• Long-term contracts with government entities (EGAT, PEA).
• Medium-term coal purchase agreements with suppliers.
• Participating in the Water War Room.
• Implementing wastewater reclamation, alternative raw water resources, and wastewater reuse.
• Implementing Business Continuity Plan (BCP).
• Encouraging work from home and setting up alternate work sites.
• Adopting bubble and seal measures.
• Performing financial sensitivity analysis.
• Prioritizing the health and safety of employees, customers, communities, contractors, and partners.
• Developing a preventative plan to address human rights risks.
• Maintaining a strong financial position with low debt level and moderate liquidity.
• Signing contracts to hedge foreign exchange risk (F/X Swap) and interest rate swap.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct addressing ethical business practices, human rights, occupational health, and work environment management.

Climate-Related Risks & Opportunities

Physical Risks

• Floods
• Droughts
• Storms
• Lightning

Transition Risks

• Stricter regulation
• Changes in consumer behavior
• Advances in technology

Opportunities

• Development of energy-efficient products
• Expansion of renewable energy business

Reporting Standards

Frameworks Used: null

Certifications: ISO 9001:2015, ISO 14001:2015

Third-party Assurance: LRQA (Thailand) Limited

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Demineralized water
• Premium clarified water
• Recycled water/Reclamation Water
• Rooftop solar power generation services

Awards & Recognition

• SET Awards 2022 Best Innovative Company Awards for Peer-to-peer Energy Trading project.
• Listed on Thailand Sustainability Investment (THIS) for three consecutive years.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced traditional electricity consumption by 1,249,074 kWh per year and removed 624 tCO2e of indirect greenhouse gas emission by installing solar panels on the roof of a water purification plant at WHA Eastern Industrial Estate (Map Ta Phut)
• Reduced traditional electricity consumption by 164,400 kWh per year and removed 82 tCO2e of indirect greenhouse gas emission by expanding solar rooftop capacity in WHA Eastern Seaboard Industrial Estate 1 (WHA ESIE1) and WHA Saraburi Industrial Land (WHA SIL)
• Reduced electricity usage from the traditional grid by 1,150,000 Kilowatt-hours per year by studying the installation of solar panels together with batteries
• Reduced over 51,497 tons of carbon dioxide equivalent emissions through solar energy systems sold to customers

Social Achievements

• Allocated a budget of 48.78 million baht for social activities, benefiting 151,564 individuals from 158 communities
• Employees contributed a total of 81,686 working hours to CSR activities
• Collaborated with communities through joint work with 175 villages out of 177 in Rayong, Chonburi, and Saraburi provinces, achieving a participation rate of 98%

Governance Achievements

• Received a 5-star rating, or “Excellent CG Scoring,” for the fifth consecutive year from the Thai Institute of Directors (IOD)
• Achieved a sustainable stock rating of AAA in the SET ESG Ratings for the year 2023 from the Stock Exchange of Thailand
• Scoring 100 points in the evaluation of the quality of the Annual General Meeting of Shareholders for the year 2023 (AGM Checklist) of listed companies for the sixth consecutive year by the Thai Investors Association
• Winning the Sustainability Awards of Commended Sustainability Awards in the Sustainability Excellence category at the SET Awards 2023

Climate Goals & Targets

Environmental Challenges

• Revenue mainly derives from customers in industrial estates and industrial lands of WHAUP Industrial Development Public Company Limited
• Risk from customers concentration
• Risk from reliance on major raw water distributors
• Risk from the Company’s investment in businesses over which the Company has no control
• Risk from Investment in Foreign Countries
• Risk from Dependence on staff with high expertise and Human Resources Management to accommodate business growth and change
• Risk from the Ability to Increase Utility Rates in Industrial Estates
• Risk from Deterioration and Damage of Industrial Water Production and Distribution System and Wastewater Treatment System
• Risk from utilities rate adjustment policy in Vietnam
• Risk from Fuel Shortage
• Risk From uncertainty in economic, political, social, and legal conditions that may affect the Company’s business expansion plan and operating results
• Slowdown in the global economy, changes in the Government policy and other macroeconomic factors
• Risk from Severe Accident, Drought, Natural Disaster, and Pandemic
• Human Rights risk
• Risk from interest rate and exchange rate fluctuations
• Risk From the use and interpretation of the law and notifications related to the Company’s business
• Changes in the IEAT’s laws, rules, and regulations and other applicable laws related to the Company’s business
• Geopolitical and Global Economy Risks
• Risk from Changes in Digital Technology and Business Models
• Risks from Climate Emergency That Lead to More Severe and Frequent Natural Disasters
• Risk from the Company’s inability to pay dividends in accordance with the Policy

Mitigation Strategies

• Actively explore and selects projects (both inside and outside IE) with an appropriate equity internal rate of return and conducts a feasibility study and a sensitivity analysis
• Close monitoring and management to ensure that the contract between i) WHAUP Industrial Development and ii) utilities customer will not be impacted from any external factor
• Aggressively expanded its utilities business outside the WHAUPID group’s industrial estates and industrial lands since 2020
• Closely monitors its customers’ water usage, consistently inquire about and revise water usage plans for those customers, and established policies and operating plans to offer a broader range of products
• Monitoring natural raw water resources and planning to build water reservoirs in some appropriate industrial estates
• Developing of wastewater reclamation technology
• Investing in associated companies with joint venture partners who possess great expertise and experience
• Arranged a meeting with joint venture partners to monitor performance, disclose any concerns or impediments that arise, and work together to resolve them successfully
• Considered and examined the credibility of joint venture partners, including the countries in which it intends to invest, as well as thoroughly reviewed the risk factors of foreign investment projects on a regular basis
• Revamped the personnel management system, reviewed the performance appraisal system, revamped remuneration and welfare system, improved work system
• Regularly inspects the water system on a regular basis and develops an adequate maintenance plan for the industrial water production and distribution systems
• Arranged property insurance with insurance providers to cover losses caused by various incidents to all pipelines
• Initiated Smart Water Solutions project to digitalize the administration of industrial water production and distribution systems
• Long-term contracts with customers and take or pay contracts that reduce the risk of business fluctuations
• Selecting the location of the project, implementing an appropriate security system, and designing the road within the project
• All of the Company’s projects are insured against damage caused by natural disasters and accidents (All Risk Insurance)
• Wastewater reclamation, Alternative raw water resources, Wastewater Reuse
• Strictly complied with public-sector measures and guidelines through close supervision of a WHAUP Group center
• Conducted continuous human rights risk assessment at the organizational level
• Strong financial position with a low debt level, a moderate liquidity, no foreign currency debt, and access to broader lending sources
• Associates in power business have signed contracts to hedge foreign exchange risk (F/X Swap) and interest rate swap
• Adhere to all applicable laws, rules, and regulations
• Closely monitored the energy situation and is prepared to invest in innovation to advance its energy business
• Give priority to locating the project in locations with a low flood risk
• Apply for all risk insurance covering all types of damage caused by natural disasters and accidents for all projects
• Consider alternative raw water resources to increase the amount of water available to industrial customers
• Investment in technologies to reuse wastewater as industrial water (Wastewater Reclamation)
• A study of innovative construction materials and equipment used in solar projects
• Remain up to date on legislative and regulatory changes
• Actively monitors and reviewed cases that could potentially lead to conflicts of interest with the company

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Droughts
• Floods
• Storms
• Fires
• Earthquakes
• Pandemics
• Severe accidents

Transition Risks

• Changes in Government policy
• Changes in national policy on public utilities and power
• Adoption of new rules and regulations

Opportunities

• Investment in renewable energy projects

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO 9001:2015, ISO 14001:2015, ISO/IEC 27001:2013

Third-party Assurance: LRQA (Thailand) Limited

Sustainable Products & Innovation

• Demineralized water
• Premium Clarified Water (PCW)
• Recycled Water/Reclamation Water

Awards & Recognition

• Commended Sustainability Awards, SET Awards 2023
• Sustainable Stock for four consecutive years by the Stock Exchange of Thailand
• AAA rating in SET ESG Ratings