FSS International Investment Advisory Securities Co Ltd (FSSIA)
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Thailand aims to convert 30% of its annual production of 2.5m vehicles into EVs by 2030.
Short-term Goals:
- Not disclosed
Environmental Challenges
- Weak demand for cars in Thailand, tighter lending criteria, fierce competition, geopolitical conflicts, high household debt, sluggish foreign demand for cars, potential impact of Laos imposing higher excise tax on cars.
- EV adoption disrupting the existing automotive supply chain (mostly SMEs), requiring fewer components and potentially fewer workers.
Mitigation Strategies
- Conditions imposed on importers to manufacture cars domestically (2:1 ratio in 2026, increasing to 3:1 by 2027) to assist local parts manufacturers in transitioning to EV production.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Potential negative impacts on the global market, particularly in Asia, due to Trump's return to presidency and his policies.
- Increased budget deficit, bond yields, and policy interest rates in the US.
- Stronger US dollar.
- Increased trade tensions potentially impacting the Thai economy.
- Decreased exports from Thailand to China due to China's slowing economy and inward-looking policies.
Mitigation Strategies
- Thailand may benefit from the relocation of production from China and increased orders from the US due to global supply chain diversification.