Charn Issara Development Public Company Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Waste Generated:4700 kg (unused clothes)
ESG Focus Areas
- Sustainability
- Environmental protection
- Community engagement
- Corruption prevention
Environmental Achievements
- Collected 4,700 kilograms of unused clothes and sent them to generate electricity; sent used plastic bottles to be made into fabric; collected old calendars, soft drink cans, paper clips, etc., reducing greenhouse gas emissions by approximately 100 kilos of carbon dioxide.
Social Achievements
- Routine blood donations to the Red Cross; supporting the study of Buddhist wisdom; supporting the conservation of marine animals, including endangered leatherback turtles; garbage collection activities on the beach or in the community; waste separation event with TCG, Tosi School and Kuson Kamlang 3 Shop, Dhamma Tuesday Project; organizing a waste separation event; Pha Pa Samakkhi, building a pagoda at Wat Pa Amphawan, Chonburi Province; supporting Islamic religious activities in Phuket (delivering dates to various mosques).
Governance Achievements
- Passed the Thai Private Sector Collective Action Coalition Against Corruption (Thai-CAC) certification on December 30, 2023.
Climate Goals & Targets
Environmental Challenges
- Continuous operating losses due to a fragile world situation (Covid-19, fear of world war), declining economic system, high household debt, rising interest rates, difficult lending, decreased purchasing power and demand in the real estate sector, changes in real estate trading patterns (customers preferring finished products), decreased investment in real estate, decreased demand for second/third homes, increased condo renting, intense competition in the real estate sector, sluggish Cha-am-Hua Hin market due to inconvenient transportation, heavy traffic, accidents, and new projects in other provinces.
- Delays in construction due to COVID-19, impacting income recognition.
- Slow sales in some projects due to ongoing construction impacting the appeal.
- Negotiations to reduce rent with SRIPANWA Trust due to COVID-19 closures.
Mitigation Strategies
- Adjusting business plans to align with sales and transfer amounts.
- Focusing on selling existing assets.
- Developing new projects on already purchased land (Baan Rama 9-Wongwaen, Sri Panwa Lagoon).
- Successfully issuing bonds to raise funds.
- Negotiated partial rent reduction with SRIPANWA Trust; secured a new 3-year lease contract with Sri Panwa Management Company Limited for SPM 2.