Qualitech Public Company Limited

Climate Impact & Sustainability Data (2022)

Awarded Level II Green Industry Certification from the Ministry of Industry for minimizing environmental impacts.
Implemented projects to reduce water consumption (target: 5% reduction in 2023), paper consumption (target: 10% reduction in 2023), and fuel consumption (target: 5% reduction in 2023) through various initiatives.
Managed waste by storing contaminated waste properly before sending it to a licensed processor.

Established the “Qualitech Funds for Education” program to provide scholarships to elementary students in Rayong.
Provided training for teachers and students from vocational schools.
Provided internships for university students.
Participated in community activities.
Employed persons with disabilities and donated to the Promotion and Development of Life Quality of Disabled Persons Fund.
Initiated the Safe Riding and Driving project.

Reviewed practices to assure compliance with the Corporate Governance Code for Listed Companies 2017 (CG Code).
Implemented policies for shareholders’ rights, equal treatment of shareholders, stakeholder engagement, data disclosure and transparency, board responsibilities, anti-corruption, and supervision on the use of internal data.
Appointed an Audit Committee with independent directors to examine financial reports and internal controls.

Short-term Goals:

Risk regarding payment collection from customers, especially contractors in large projects.
Risk regarding personnel, including employee turnover and maintaining skilled staff.
Risk regarding service guarantee, ensuring accuracy in inspection and certification.
Risk regarding competition, both from domestic and international competitors.
Risk regarding currency exchange rate fluctuations.
Risk regarding the industrial and competitive environment, particularly oil price volatility and the shift towards renewable energy.
Risk from changes in government policies, standards, and regulations.
Risk from work-related accidents.

Comprehensive credit assessment of clients, including financial position analysis and debt payment history review.
Prioritizing personnel development through internal and external training programs, strict staff selection policies, competitive remuneration, employee benefits, and scholarships.
Focusing on knowledge and work competency development for inspectors, including supervision and periodic performance monitoring.
Offering competitive remuneration, fostering good staff relations, developing new technologies, and partnering with foreign companies specializing in Advanced NDT.
Considering forward contract arrangements to mitigate exchange rate risk.
Maintaining a loyal customer base through price strategies, expanding into other industries, achieving international standards certifications, developing personnel according to European standards, setting up marketing and business development units, establishing a research and development unit.
Closely monitoring government efforts and working with relevant agencies to assess potential changes and impacts.
Implementing strict safety procedures, instilling safety consciousness among employees, and obtaining third-party liability insurance.

Supplier Audits: Yearly assessment of key suppliers