Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility

Environmental Achievements

• Implemented ISO 14001 (Environmental Management System) and OHSAS 18001 (Occupational Health and Safety Management System) certifications.
• Reduced paint sludge compared to 2014 (quantified data not available in report).

Social Achievements

• CSR initiatives including goods and money donations to various charities and community projects.
• Hearing preservation project to prevent hearing loss among employees.
• Project to reduce accidents from steel grinding dust.
• Water-pouring ceremony and Thai New Year event for employees.

Governance Achievements

• Implemented a robust corporate governance framework aligned with Thai Investors Association’s AGM Checklist and the Good Corporate Governance Principles of Listed Companies.
• Achieved a full score of 100 points for corporate governance evaluation by the Stock Exchange of Thailand.
• Established an anti-corruption policy and training program.

Climate Goals & Targets

Environmental Challenges

• Lower oil and gas prices and intensifying competition from other fabricators.
• Dependence on a few large projects.
• Fluctuations in raw material prices.
• Risk of cost overrun.
• Risk of skilled labor shortage.
• Risk of foreign exchange rate fluctuations.
• Risk of renewal of land lease agreements.
• Risk relating to cancellation of BOI privileges.

Mitigation Strategies

• Diversification of projects across regions and industries.
• Strong project management, rigorous planning, and continuous improvement to reduce costs.
• Rolling procurement plan for raw materials.
• Negotiating price adjustments with customers for cost escalation.
• Continuous training and management of workforce.
• Hedging strategies for foreign exchange risks.
• Maintaining strong relationships with lessors to ensure smooth renewal of land lease agreements.
• Strict compliance with BOI conditions and contingency plans for land lease issues.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Good Corporate Governance Principles of Listed Companies, Thai Investors Association’s AGM Checklist

Certifications: ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007, ASME Stamp Holder - S, U, U2 (PP), R and NB, Safety Quality License (SQL) (China ML Authority)

Third-party Assurance: A.M.T. & Associates

Awards & Recognition

• CSR Award for Excellence in Supporting the Disabled