Climate Change Data

S&P Syndicate Public Company Limited

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:433 tCO2e/year (2020 data)
Scope 1 Emissions:311 tCO2e/year (2020 data)
Scope 2 Emissions:71 tCO2e/year (2020 data)
Scope 3 Emissions:51 tCO2e/year (2020 data)
Renewable Energy Share:35-40% (solar energy at Bangna-Trad bakery factory)
Water Consumption:446,210 units (2019)
Waste Generated:383.44 tons (2021)

ESG Focus Areas

  • Food quality, safety, and nutrition
  • Waste and food waste management
  • Packaging
  • Customer relationship management
  • Human capital management
  • Climate change
  • Energy management and GHG emissions
  • Social impact on community and community development
  • Water management
  • Responsible sourcing
  • Occupational health services
  • Corporate governance and business ethics
  • Responsible marketing and product labeling
  • Innovation
  • Human rights

Environmental Achievements

  • Reduced bakery waste by 44.57% compared to 2018
  • Reduced greenhouse gas emissions by 11.86% from transportation efficiency project
  • 93% of packaging changed to be eco-friendly, reducing more than 41.80 tons of plastic

Social Achievements

  • Developed Wellness Menu with over 50 healthy items
  • 84% customer satisfaction with products and services
  • Supported organic farmers in Nan province, purchasing over 15.9 tons of oranges

Governance Achievements

  • 100% of executives and employees acknowledged anti-corruption policy
  • 100% of business partners accepted S&P Code of Conduct for Business Partners
  • Received Thailand Sustainability Investment (THSI) 2021 award

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050
Medium-term Goals:
  • Reduce bakery waste by 30% by 2030
  • Reduce turnover rate of management level employees to no more than 5% by 2025
  • Increase HCROI by 20% by 2025
Short-term Goals:
  • All S&P outlets to pass Quality Service and Cleanliness (QSC) assessment criteria by 2025
  • Upgrade production line standards for ISO 22000:2018 certification by 2025
  • Research and development of 100 healthy products/menus by 2025
  • 100% compostable, recyclable, or reusable packaging by 2022

Environmental Challenges

  • COVID-19 pandemic impacting sales and operations
  • Fluctuation in raw material prices
  • Competition in the food and bakery industry
  • Consumer perception of high prices
  • Risks related to brand image and consumer behavior
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Expanded delivery channels and online platforms
  • Launched value packs and budget-friendly meal sets
  • Improved product offerings and packaging
  • Implemented cost-cutting measures

Supply Chain Management

Supplier Audits: 27 suppliers audited in 2021 (29 total)

Responsible Procurement
  • S&P Code of Conduct for Business Partners
  • ESG assessment of suppliers
  • E-auction for raw materials and packaging

Climate-Related Risks & Opportunities

Physical Risks
  • Droughts
  • Floods
  • Forest fires
Transition Risks
  • Changes in laws and regulations related to climate change and energy
Opportunities
  • Development of energy-efficient products and processes
  • Investment in renewable energy

Reporting Standards

Frameworks Used: GRI Standards: Core option, Thailand Sustainability Investment Index (THSI)

Certifications: ISO 22000:2018, HACCP, GMP, IPHA

Third-party Assurance: Bureau Veritas Certification (Thailand) Co., Ltd. (Limited Assurance)

UN Sustainable Development Goals

  • Goal 2: Zero Hunger
  • Goal 3: Good Health and Well-being
  • Goal 8: Decent Work and Economic Growth
  • Goal 12: Responsible Consumption and Production
  • Goal 17: Partnerships for the Goals

S&P's initiatives contribute to these goals through sustainable sourcing, healthy menu development, employee well-being programs, waste reduction, and community engagement.

Sustainable Products & Innovation

  • Thai desserts with extended shelf life using innovative packaging
  • Reusable plastic crates for pound cake transportation

Awards & Recognition

  • Thailand Sustainability Investment (THSI) 2021
  • IPHA accreditation
  • Thailand Corporate Excellence Awards 2021
  • Marketeer No.1 Brand Thailand 2020-2021
  • Certificate of Thai Private Sector Collective Action Coalition Against Corruption (CAC)