Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Environmental
• Social Responsibility

Environmental Achievements

• Certified to qualify the standard sewage treatment from the Ministry of Industrial
• Received 3Rs Awards and 3Rs+ Awards on creativity, economic return, and efficiency in reducing the amount of waste that must be disposed “Silver Award”, organized by Department of Industrial Works, Ministry of Industry
• Certificate of Reduce the Carbon Footprint project, organized by Thailand Greenhouse Gas Management Organization (TGO)

Social Achievements

• Award for Happy Retirement Company “Silver Award”, organized by the Office of the Securities and Exchange Commission (SEC)
• Provide social welfare to all employees equitably, improve the social welfare and benefit to all employees ensuring they have a better living life
• Provide health insurance and accident insurance to all employees’ equivalent to the same standard in other company having the same location and same type of business

Governance Achievements

• Ranked by the Corporate Governance Report of Thai Listed Companies 2019 at 4 stars
• Rated as “Excellent” from the quality evaluation for conducting the Annual General Meeting of Shareholder project for year 2019, nine consecutive years
• Re-certified by Private Sector Collective Action Coalition against Corruption, IOD

Climate Goals & Targets

Environmental Challenges

• Trade war between the United States and China
• Domestic economic recession
• Fluctuated Thai baht
• Risks from Substituted Products (contact lenses and laser eye surgery)
• Risks from Competition (especially from China)
• Risks over Price and Raw Material Procurement
• Labor Risk
• Risk from 3D Printing
• Financial risk from Foreign Currencies Exchange Forward Contract (FX Forward)
• Risk from related parties guarantees
• Risks from Information Technology (IT) (cyber threats and changing digital technology)
• Risks from Distributing Domestic Sales via an Affiliated Company

Mitigation Strategies

• Operating and expanding the business according to the strategic plan
• Establishing TOG USA, Inc.
• Implementing ‘Lean Manufacturing’ system and “Productivity Improvement program”
• Investing in Research & Development
• Expanding the sale via the insurance company in the USA market
• Developing the production line to be more efficient by increasing production with semi-automatic and automatic systems
• Using Risk Management Tools (Foreign Currencies Exchange Forward Contract)
• Promulgating Information Technology Security Policy
• Assessing cyber risks
• Product pricing policies controlled by the Board of Directors and the Audit Committee
• Using environmental-friendly raw materials

Supply Chain Management

Responsible Procurement

• Use of environmental-friendly raw materials

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ESG100 by Thaipat Institution

Certifications: DS / EN ISO -13485 : 2012, ISO 14001, ISO 9001 : 2015

Sustainable Products & Innovation

• Leafeco

Awards & Recognition

• ESG100 certificate from Thai Path Institute
• 4-stars from Thai Institute of Directors (IOD)
• “Excellent” rating from the Securities and Exchange Commission on the quality of The Annual General Meeting
• Award for Happy Retirement Company “Silver Award”,
• 3Rs Awards and 3Rs+ Awards

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Zero landfill of production waste through various technical methods.
• Implementation of a 1.9 Megawatt Solar Photovoltaic Rooftop project to reduce GHG emissions by approximately 1,192.8 tons CO2e.
• Development and sales growth of USDA certified ‘TOG LeafEco Lenses’ with 82% bio-based content.

Social Achievements

• Renewal of TLS-8001:2020 Thai Labor Standard Complete Level certification.
• Training and assessment of Tier 1 suppliers to ensure adherence to good labor practices.
• Continued COVID-19 free setting with preventive protocols and access to vaccine boosters for employees.

Climate Goals & Targets

Environmental Challenges

• Sporadic COVID-19 infections in employee households.
• Reducing the impact of Scope 2 indirect GHG emissions from electricity consumption.

Mitigation Strategies

• Continued COVID-19 prevention protocols and control measures.
• Development of a strategy to reduce Scope 1 and 2 GHG emissions through efficiency improvement activities.

Supply Chain Management

Supplier Audits: 5 suppliers assessed for social impacts

Responsible Procurement

• Thai Labor Standard compliance

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products (e.g., bio-polymer lenses).

Reporting Standards

Frameworks Used: SET ESG Metrics, GRI Standards

Certifications: ISO 14001:2004, TLS-8001:2020, ISO 9001, ISO 13485

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 3
• SDG 12
• SDG 13
• SDG 17

TOG's sustainability mission and activities support these SDGs through various initiatives.

Sustainable Products & Innovation

• TOG LeafEco Lenses

Awards & Recognition

• Green Industry Level 3 (Green System) certification in Thailand.

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced energy consumption by 4.5% compared to the previous year
• Increased recycled water usage by 25% compared to 2022
• Completed construction and installation of a 1.9 MW solar photovoltaic rooftop system at TOG
• 35% of waste diverted from landfill in 2023
• Redesign of lens packaging to reduce single-use plastics

Social Achievements

• 85.12% reduction in Lost Time Injury Frequency Rate (LTIFR) compared to the previous year
• 94% of employees participated in the Happy Body Health Check Program
• 15 employees accessed online counseling services
• TOC participated in the SMETA ethical audit
• 245 units of blood donated to the Thai Red Cross

Governance Achievements

• ISO 27001 certification for Information Security Management System
• Improved cybersecurity performance compared to the previous year

Climate Goals & Targets

Environmental Challenges

• GHG Emission Intensity increased 2.56% due to refrigerant replacement and upgrades
• Limited budgetary and resource constraints as a small/medium-sized enterprise

Mitigation Strategies

• Developing strategies to reduce Scope 2 GHG emissions from electricity consumption
• Implementing various improvements in sustainability using Circular Economy Principles
• Setting GHG emission reduction targets

Supply Chain Management

Supplier Audits: 4 Tier 1 suppliers assessed for social responsibilities

Responsible Procurement

• Compliance with Thai Labor Standards
• SMETA audit for TOC

Climate-Related Risks & Opportunities

Physical Risks

• Adverse impact on atmospheric variability, in solar ultraviolet and visible radiation

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products (e.g., bio-polymer lenses)

Reporting Standards

Frameworks Used: GRI, SET ESG Metrics

Certifications: ISO 14001, ISO 9001, ISO 13485, ISO 27001, TLS 8001-2020, Green Industry System Level 3

Third-party Assurance: ECEE Co., Ltd.

UN Sustainable Development Goals

• SDG 3
• SDG 8
• SDG 12
• SDG 13
• SDG 17

The report details how TOG's initiatives contribute to these SDGs.

Sustainable Products & Innovation

• TOG LeafEco Lenses

Awards & Recognition

• Not disclosed