Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed 360 solar panels on the clubhouse roof to produce electricity from solar energy.
• Navatanee Golf Course retained greenhouse gas equivalent amount of 4,328 tons of carbon dioxide (22nd December 1970 – 30th August 2017) according to Thailand Greenhouse Gas Management Organization.

Social Achievements

• Fostered a policy to recruit local people as employees to stimulate sustainable employment in the community.
• Participated in activities of the Sukumo Foundation, focusing on education and community support.
• Hired a physically impaired person, providing equal pay and benefits.

Governance Achievements

• Maintained a long-standing reputation for good corporate governance.
• Had an audit committee with four independent directors.
• Complied with all legal requirements and regulations.

Climate Goals & Targets

Environmental Challenges

• Decreasing number of golfers (4.81% decrease).
• Economic slowdown.
• Impact of weather conditions on revenue.
• Dependence on imported fertilizers and chemical supplies, affected by foreign currency exchange rates.
• Limited number of fertilizer and chemical suppliers in Thailand setting prices independently.

Mitigation Strategies

• Increased green fee rates.
• Issued introduction letters to members to recommend services to other clients.
• Renovated the restaurant and locker room.
• Developed effective liquidity management by using remaining capital in the bond market and investing in debentures and open-end funds.
• Wisely developed financial planning by monitoring financial market directions.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Selection of long-term business partners based on high quality and reasonable price; regular price checks and internal audit monitoring.

Climate-Related Risks & Opportunities

Physical Risks

• Weather conditions

Transition Risks

• Economic slowdown, political situations

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Certificate of honor from Thailand Greenhouse Gas Management Organization for the Navatanee Golf Course Solar Energy Project and Navatanee Golf Course, the Oxygen Source of Bangkok

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Retained greenhouse gas equivalent amount of 4,328 tons of carbon dioxide (22nd December 1970 – 30th August 2017).
• Installed 360 solar panels on the roof of the clubhouse to produce electricity from solar energy.

Social Achievements

• Fostered the policy to recruit local people as its employees.
• Participated in activities of the Sukumo Foundation.
• Hired a physical impairment by giving the same return as a regular employee.
• No labor problems due to good employee welfare and benefits.

Governance Achievements

• Good corporate governance principles implemented.
• Independent directors on the board.
• Audit committee actively involved in oversight.
• Compliance with Stock Exchange of Thailand (SET) and Securities and Exchange Commission (SEC) regulations.

Climate Goals & Targets

Environmental Challenges

• Decreasing number of golfers due to economic slowdown and price competition.
• Impact of weather on golf course operations.
• Dependence on imported fertilizers and chemicals, affected by exchange rates.
• Limited number of fertilizer and chemical suppliers in Thailand.

Mitigation Strategies

• Focus on quality of course and services to retain members.
• Introduction letter to members to recommend services to other clients.
• Effective liquidity management through financial adequacy and bond market investments.
• Wise financial planning to reduce investment risks.
• Renovation of restaurant to increase capacity and attract more customers.
• Continuous improvement of sport club facilities to attract more members.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Selection of long-term business partners based on high quality and reasonable price.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather (rainy season impacting green fees)

Transition Risks

• Regulatory changes related to environmental protection and taxation.

Opportunities

• Development of energy-efficient practices (solar panels).

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Certificate from Thailand Greenhouse Gas Management Organization for carbon dioxide retention and solar energy project.

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installed 360 solar panels on the clubhouse roof in 2018.
• Navatanee Golf Course retained greenhouse gas equivalent amount of 4,328 tons of carbon dioxide (22nd December 1970 – 30th August 2017) according to Thailand Greenhouse Gas Management Organization.

Social Achievements

• Focused on employee well-being, resulting in long-term employment and no labor problems.
• Employs people with physical impairments.
• Fostered a policy to recruit local people as employees.
• Participated in activities of the Sukumo Foundation, focusing on education and community support.

Governance Achievements

• Operated business under the principles of good corporate governance.
• Audit Committee held 5 meetings in 2020.
• Company has 4 independent directors out of 10.

Climate Goals & Targets

Environmental Challenges

• Significant decrease in the number of golfers due to the COVID-19 pandemic and temporary closure (47 days).
• Overall revenue from golf course business decreased by 21.59% compared to 2019.
• Decreased revenue from restaurant and sports club businesses.

Mitigation Strategies

• Created sales promotions, such as reduced green fees and package deals, to encourage customers.
• Organized promotions for members to increase income and encourage service use.
• Maintained international standards of the golf course.

Supply Chain Management

Responsible Procurement

• Selects business partners who have been dealing with the company for a long time because of high quality and reasonable price.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Thai Financial Reporting Standards

Third-party Assurance: CWWP Co., Ltd.

Awards & Recognition

• Ranked first among 255 golf courses in Thailand by Golf Digest (June 1999)
• Ranked first in Thailand, second in ASEAN, and fourteenth in Asia for best golf course (end of 2004)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Conserved thousands of large trees surrounding the golf course, serving as a significant source of fresh air in Bangkok.
• Avoided the use of chemicals and used natural fertilizers.
• Installed 360 solar panels on the clubhouse roof in 2018.

Social Achievements

• Maintained a stable workforce with long-term employees and no major labor disputes.
• Provided fair compensation and benefits to employees.
• Offered training and development opportunities for employees.
• Maintained a good reputation among customers and the community.
• Participated in community development through charity golf tournaments and support for the Sukumo Foundation.

Governance Achievements

• Complied with the Code of Conduct consistent with the Good Corporate Governance Principles for Listed Companies 2017.
• Established a whistleblowing policy.
• Held a shareholders' meeting with high attendance (82.45%).
• Maintained a balanced board of directors with independent directors.

Climate Goals & Targets

Environmental Challenges

• Revenue decrease due to the COVID-19 pandemic and temporary closure of the golf course.
• Impact of foreign exchange rates on the cost of imported materials.
• Potential risks related to the change in major shareholder structure.

Mitigation Strategies

• Focused on sales and marketing via members and their guests.
• Implemented effective liquidity management.
• Maintained financial stability through long-term operations and investments.
• Ensured continuity of operations and management by appointing key personnel to the Sukumo Foundation board.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Selection of long-term partners based on quality and reasonable price.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Certificate from Thailand Greenhouse Gas Management Organization for carbon dioxide sequestration (2017), certificate for solar energy project (2018).

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Registered "Navatanee Golf Course, the Oxygen Source of Bangkok" under Thailand Voluntary Emission Reduction Program: T-VER, with a verified reduction of 1,122 tons of carbon dioxide equivalent (tCO2eq) (18 September 2017 – 2 February 2023).
• Installed 360 solar panels on the clubhouse roof to generate solar energy.
• Used bio-fertilizer made from composted leaves, grass, and food scraps, reducing the cost of other fertilizers.

Social Achievements

• Maintained a stable workforce with no major labor disputes over the past three years.
• Provided training programs for employees to enhance their skills and work potential.
• Implemented policies to respect human rights and avoid discrimination.
• No complaints received regarding human rights violations, unfair labor treatment, or issues with customers or the community.

Governance Achievements

• Complied with the Code of Conduct consistent with the Good Corporate Governance Principles for Listed Companies 2017.
• Established a whistleblowing policy to address illegal actions or ethical violations.
• Maintained a balanced board of directors with four independent directors out of ten.

Climate Goals & Targets

Environmental Challenges

• Impact of weather conditions (rainy season) on golf course revenue.
• Economic and political situations affecting overall business.
• Fluctuations in foreign exchange rates due to importing materials (golf cart batteries).
• Land and Buildings Tax Act B.E. 2562.
• Climate change impacts and natural disasters.

Mitigation Strategies

• Issued introduction letters to members to recommend services to other clients, particularly on weekdays.
• Developed effective liquidity management by investing in the bond market and debentures.
• Applied for tax reduction under the Sports Commission of Thailand.
• Implemented energy management strategies (reducing unnecessary electricity usage, installing solar panels, reducing paper usage).
• Implemented water management strategies (rainwater storage, economical water use, water reuse).
• Implemented waste management strategies (waste separation, composting, recycling).

Supply Chain Management

Responsible Procurement

• Selection of long-term partners with high quality and reasonable prices.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather

Awards & Recognition

• Thailand Greenhouse Gas Management Organization (Public Organization) certificate of honor for the "Navatanee Golf Course Solar Energy Project"