Climate Change Data

Global Green Chemicals Public Company Limited

Climate Impact & Sustainability Data (2023, 2024)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:576,262 tCO2e/year (Scope 3 in 2023)
Scope 1 Emissions:28,45 tCO2e/year (2023)
Scope 2 Emissions:83,908 tCO2e/year (Location Based 2023)
Scope 3 Emissions:576,262 tCO2e/year (2023)
Renewable Energy Share:Not disclosed
Total Energy Consumption:0.93 MWh/year per ton of product (2023)
Water Consumption:Not disclosed
Waste Generated:7,363 tons/year (2023)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change

Environmental Achievements

  • Reduced GHG emissions (Scope 1 + 2) from 33,333 tCO2e in 2020 to 28,45 tCO2e in 2023
  • Reduced energy consumption per ton of product from 0.80 MWh/ton in 2020 to 0.93 MWh/ton in 2023
  • Increased revenue from low-carbon products from 25% in 2021 to 28% in 2023
  • Increased revenue from avoided emissions products from 37% in 2021 to 65% in 2023

Social Achievements

  • Not disclosed

Governance Achievements

  • Established robust governance and oversight procedures to ensure efforts align with Thailand's NDC and the Paris Agreement
  • Integrated climate-related risks and opportunities into the overall risk management process

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions (Scope 1 + 2) by 2050
  • Reduce Scope 3 emission by 50% from based year 2020 within 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce GHG emissions (Scope 1 + 2) by 20% by 2030 compared to 2020 baseline
  • Reduce energy consumption per ton production by 3.25% by 2027 compared to 2020 baseline

Environmental Challenges

  • Impact on agricultural production due to drought, flood, and increased air temperature
  • Nationally Determined Contributions (NDC) requiring GHG emission reductions
  • Implementation of carbon pricing
  • Exposure to climate change-related litigation
  • Changes in biofuel demand due to electrification of the transport sector
  • Stakeholder perceptions and reputation risks
Mitigation Strategies
  • Monitoring water situation and diversifying feedstock supply sources
  • Using derivatives on feedstock price to reduce financial risk
  • Constructing rain harvesting and water storage systems for suppliers
  • Developing GHG emission reduction targets for Scope 1 and 2 emissions
  • Increasing CAPEX for renewable energy, energy efficiency, and low-carbon technologies
  • Developing and demonstrating a clear climate strategy
  • Increasing transparency and accuracy of climate change-related disclosures
  • Expanding product portfolio to capture opportunities in sustainable aviation fuel (SAF) market
  • Investing in low-carbon biochemical and bioplastic products plants
  • Investing in research and development with partners
  • Conducting energy conservation and efficiency improvement measures

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Value chain engagement with suppliers to promote GHG reduction and circularity

Climate-Related Risks & Opportunities

Physical Risks
  • Drought
  • Flood
  • Increased air temperature
Transition Risks
  • Carbon tax
  • Changes in biofuel demand
Opportunities
  • Green and sustainable products
  • Shift towards renewable energy
  • Efficiency improvement in production and distribution processes

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO 14064-1:2006

Third-party Assurance: Third-party verification for 2021-2023 emission figures

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • 1stGen Biofuel, Advanced Biofuel, Specialty Oleochemicals, Biochemicals, Food & Nutraceuticals

Awards & Recognition

  • Not disclosed

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:102,158 tCO2e/year (2023)

ESG Focus Areas

  • Climate Change
  • Bio-Economy
  • Circular Economy
  • Green Economy
  • Social Contribution
  • Human Rights
  • Governance
  • Compliance

Environmental Achievements

  • Reduced Scope 1 and 2 GHG emissions by 10.1% (increase) in 2023 compared to 2020 baseline.
  • Achieved a CDP Climate Score of A- in 2023.

Social Achievements

  • Created careers and enhanced income for farmers and community members through projects like Nakonsawan Biocomplex and the Rice Me Project.
  • Engaged in community projects such as the Green Health Project.

Governance Achievements

  • Established a Sustainability Management Structure with oversight from the Board of Directors, Corporate Governance and Sustainability Development Committee (CG&SD), and Risk Management Committee (RMC).
  • Aligned Sustainability-Linked Financing Framework with SLBP, SLLP, and ASEAN SLBS principles.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions of Scope 1 and 2 by 2050; reduce Scope 3 emissions by 50% by 2050.
Medium-term Goals:
  • Achieve CDP Climate Score A by 2030.
Short-term Goals:
  • Reduce Scope 1 and 2 emissions by 20% by 2030.

Environmental Challenges

  • Reducing Scope 3 emissions (primarily from purchased goods and services, transportation, and waste disposal).
  • Maintaining competitiveness while transitioning to a low-carbon business model.
Mitigation Strategies
  • Developing a decarbonization roadmap for Scope 3 emissions, focusing on low-carbon feedstock, sustainable transportation, and waste management.
  • Investing in Nakornsawan Biocomplex to produce fuels and bioenergy using domestic agricultural products.
  • Developing environmentally friendly products and expanding the range of low-carbon products.

Supply Chain Management

Responsible Procurement
  • Utilizing RSPO certified sustainable palm oil.
  • Engaging suppliers in switching to low-carbon fuels and enhancing vehicle efficiency.

Climate-Related Risks & Opportunities

Physical Risks
  • Impacts on agricultural feedstock (palm tree, sugarcane) due to climate change.
Opportunities
  • Development of low-carbon products and technologies.

Reporting Standards

Frameworks Used: GHG Protocol Corporate Accounting and Reporting Standard, TCFD, UN SDGs

Third-party Assurance: DNV (Thailand), Co., Ltd. (Second Party Opinion)

UN Sustainable Development Goals

  • SDG 1
  • SDG 7
  • SDG 12
  • SDG 13
  • SDG 11

Detailed contributions to each SDG are outlined in the report.

Sustainable Products & Innovation

  • Methyl Ester (B100)
  • Ethanol (E100)
  • Bio-Transformer Oil from Palm Oil
  • Sustainable Aviation Fuel (SAF)