Climate Change Data

SC Asset Corporation Public Company Limited

Climate Impact & Sustainability Data (2020, 2022)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced greenhouse gas emissions by 49,527 kg of CO2 (calculated according to a study by WRAP)

Social Achievements

  • Launched "Create a Friendly Neighborhood" project for the 3rd year, donating clothing and utensils to construction workers and disadvantaged persons.
  • Organized a blood donation event in collaboration with the Thai Red Cross Society.
  • Supported the employment of 9 visually impaired persons.
  • Participated in the "Thais Say No to E-Waste" campaign.

Governance Achievements

  • Received full assessment score of 100 for the quality assessment for the arrangement of its 2020 Annual General Meeting of the Shareholders from the Thai Investors Association.
  • Achieved "excellence" status with a score of "90 or higher" for its 2020 corporate governance assessment reviewed by the Thai Institute of Directors (IOD).
  • Awarded the SET Awards 2020 for Business Excellence in the category of Investor Relations.
  • Received the Thailand Sustainability Investment 2020 Award for the 6th consecutive year.
  • Received the Sustainability Disclosure Recognition for 2020.

Climate Goals & Targets

Long-term Goals:
  • In 2050, all homes built by SC Asset make every morning a good morning for more than one million customers.

Environmental Challenges

  • Global economic slowdown due to the COVID-19 pandemic.
  • Stringent credit risk policies from financial institutions.
  • Competition in land acquisition.
  • Changes in rules, regulations, and laws related to the real estate business.
  • Risk related to Personal Data Protection Laws.
Mitigation Strategies
  • Applied resilient strategic planning to adjust business operations, focusing on online sales and marketing and maintaining sufficient liquidity.
  • Diversified funding sources, using loan facilities from financial institutions and issuing debentures.
  • Focused on land acquisition in prime locations with convenient transportation.
  • Complied with changes in laws and regulations, preparing EIAs for condominium developments.
  • Prescribed protective measures on the safety of customer data.

Supply Chain Management

Responsible Procurement
  • Selection process of suppliers with standard assessment on quality, service, and delivery time.
  • Selection process, examination, and quality assessment for contractors in pre- and post-construction.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

UN Sustainable Development Goals

  • Good Health and Well-being
  • Quality Education
  • Decent Work and Economic Growth
  • Innovation and Infrastructure
  • Sustainable Cities and Communities
  • Responsible Consumption and Production
  • Partnerships for the Goals

The company's initiatives contribute to these goals through sustainable product and service development, human capital development, community management, social involvement, minimizing environmental impacts, and economic growth.

Awards & Recognition

  • Thailand Sustainability Investment (THSI) Award
  • SET Awards for Business Excellence
  • IAA Awards for Best CEO
  • Best Developer of The Year Award
  • Best Housing Developer Thailand Award
  • Sustainability Disclosure Recognition

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:12,776 TonCO2eq/year
Scope 1 Emissions:388 tonCO2eq
Scope 2 Emissions:12,388 tonCO2eq
Waste Generated:104,064 kg/year
Carbon Intensity:0.57 kg.CO2eq/sqm.

ESG Focus Areas

  • Business Growth
  • Product and Service Development
  • Human Capital Development
  • Environmental Impact Reduction
  • Greenhouse Gas Management
  • Community Management
  • Social and Community Involvement
  • Corporate Governance
  • Risk Management

Environmental Achievements

  • Reduced electricity consumption in headquarters and in-office projects by 20% from 2020.
  • Reduced water consumption in headquarters and project offices by 24% from 2020.
  • Increased recycling according to 3Rs concept; reduced waste to landfill.
  • Increased proportion of green procurement to 27.5% of total value.

Social Achievements

  • Employs 10 visually impaired persons.
  • Conducts "Friends at Your Fence" project, donating clothes and wares to workers and vulnerable groups.
  • Donated 50,000 baht to Zen Dai group to support Ayutthaya flood victims.
  • Employee turnover rate of 10.97%.

Governance Achievements

  • Member of Collective Action Coalition Against Corruption (CAC).
  • Member of Sustainability Disclosure Community (SDC).

Climate Goals & Targets

Long-term Goals:
  • Net Zero GHG emission by 2065.
Medium-term Goals:
  • Reduce GHG emission by 25% in 2043.
Short-term Goals:
  • Reduce GHG emission by 8% in 2022 and 20% in 2025.
  • Reduce electricity consumption by 5% by 2030.
  • Reduce water consumption by 5% by 2030.
  • Reduce waste to landfill by 5% by 2030.
  • Increase green procurement to more than 25%.

Environmental Challenges

  • Risk from COVID-19 outbreak.
  • Risk from labor shortage.
  • Risk from land acquisition for future development.
  • Risk from construction material price fluctuations.
  • Risk associated with interest rate increase.
  • Social and environmental risks.
  • Emerging risks (changes in technologies and climate risk).
Mitigation Strategies
  • Prepared management direction, regular reporting, and a Business Continuity Planning Team (BCP Team).
  • Selected quality contractors and planned construction schedules in advance.
  • Advance preparation of land acquisition plans, experienced team for market survey and feasibility studies.
  • Planned and signed construction material purchase contracts in advance.
  • Properly managed interest rate portfolio with fixed and floating rates.
  • Minimized environmental impacts in construction, collaborated with trade partners.
  • Formed working groups to address technological changes and climate risks.

Supply Chain Management

Supplier Audits: 100% of new partners assessed prior to collaboration.

Responsible Procurement
  • Green procurement
  • Fair labor practices
  • Compliance with laws and regulations

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products
  • Green loan opportunities

Reporting Standards

Frameworks Used: GRI Standards

Third-party Assurance: Bureau Veritas Certification (Thailand) Company Limited

UN Sustainable Development Goals

  • 3, 5, 7, 8, 9, 11, 12, 13

Initiatives contribute to these goals through various ESG programs.

Sustainable Products & Innovation

  • Energy-efficient homes
  • RueJai Home OS

Awards & Recognition

  • "The Most Powerful Real Estate Brand 2022"
  • 2 MEA ENERGY AWARDS 2022
  • WELL HEALTH-SAFETY RATING