Pranda Jewelry Public Company Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:4,826 tonnes (or kilograms) carbon dioxide equivalent
Total Energy Consumption:7,150 MWh/year
Water Consumption:93,510 m3/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Certified with "TGO Guidance of the Carbon Footprint for Organization" from Thailand Greenhouse Gas Management Organization on March 25th, 2022.
- Electricity consumption per production unit reduced by 19.45% BAU compared to 2021.
- External water consumption per production unit reduced by 12.42% BAU compared to 2021.
Social Achievements
- Received the Award for the Outstanding Workplace on Labor Relations and Labor Welfare for the year 2022 in the national level for the 11th consecutive years (Head Office) and 13th consecutive years (Nakornratchasima branch).
- Received the award of Sustainability Model Organization from the Thai Capital Market for supporting disabled persons in the “Outstanding” category for the year 2022.
- Sponsoring 135 scholarships with over 2,500 scholarships (accumulated) since 2000.
Governance Achievements
- Achieved 5 stars or “Excellent” level in the Corporate Governance Report of Thai Listed Companies 2022.
- Received a score of 97 on the 2022 AGM Quality Assessment Project, considered as the “Excellent” level.
- Certified membership renewal of Thai Private Sector Collective Action Against Corruption (CAC) until March 31st, 2026.
Climate Goals & Targets
Long-term Goals:
- Net-zero greenhouse gas emissions by 2050.
Medium-term Goals:
- Reduce greenhouse gas emissions per production unit by 25% compared to 2021 by 2030.
Short-term Goals:
- Reduce electricity consumption per production unit by 10% BAU compared to 2021 by 2024.
- Reduce external water consumption per production unit by 3% BAU compared to 2021 by 2024.
- Decrease plastic trash by 5% compared with 2021 within 2024.
- Reduce greenhouse gas emissions per production unit by 15% compared to 2021 by 2024.
Environmental Challenges
- Fluctuating raw material prices (gold and silver).
- Financial risks from foreign currency transactions.
- Changes in consumer behavior due to digital disruption.
- Risks of loss or shortage of specialized personnel.
- Risks of non-acceptance from the community and society.
- Climate change and its impacts on business operations.
Mitigation Strategies
- Hedging policy for raw material price fluctuations (Pass Through method and Forward Rate).
- Forward Contract to hedge currency exchange risk.
- Credit checks and credit limits for customers.
- Strengthening relationships with designer and affordable fine jewelry brands for online sales.
- Investing in employee retention through career advancement and benefits.
- Community engagement activities to foster positive relationships.
- Energy, water, waste, and pollution management; seeking renewable energy sources.
Supply Chain Management
Responsible Procurement
- Selection of partners with social responsibilities and verifiable sources of materials.
- Compliance with Responsible Jewellery Council (RJC) standards.
- Fair and equal treatment of suppliers.
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters (floods, wildfires, etc.)
Opportunities
- Development of renewable energy sources
Reporting Standards
Frameworks Used: SET Sustainability Reporting Guidelines, UN Global Compact's 10 Principles, Sustainable Development Goals (SDGs)
Certifications: ISO 9001:2015, Responsible Jewellery Council (RJC)
UN Sustainable Development Goals
- SDG 4
- SDG 5
- SDG 7
- SDG 8
- SDG 12
- SDG 13
- SDG 16
Awards & Recognition
- Sustainability Model Organization from the Thai Capital Market
- Award for the Outstanding Workplace on Labor Relations and Labor Welfare