Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced greenhouse gas emissions equivalent to 1,160,581 tons by switching from fossil fuels to clean energy in Project T77 (20% reduction)
• Reduced greenhouse gas emissions equivalent to 9,615 metric tons of carbon dioxide equivalent at Chiangmai University (16.3% reduction)
• Reduced carbon dioxide emissions by 309.65 kilograms within six months through employee engagement initiatives
• 70% of employees using LiFE application to manage low-carbon lifestyles

Social Achievements

• Launched Life for BCPG project, a mobile application to promote environmentally friendly lifestyles among employees
• Provided training to 60 personnel on solar panel use and maintenance under the Circular Economy for PV Network Project
• Supported community development activities in areas near BCPG's operations, including education, hygiene, and environmental conservation
• Employed 75 local community workers

Governance Achievements

• Rated as “Excellence” by the 2019 Corporate Governance Report of Thai Listed Companies (CGR)
• Achieved a score of 100 for quality in convening the 2019 AGM
• Maintained membership in Thailand’s Private Sector Collective Action Coalition against Corruption (CAC)
• Consistently recognized by Thaipat Institute as one of the ESG 100 companies

Climate Goals & Targets

Environmental Challenges

• Unpredictable factors affecting renewable energy power plant operation (solar intensity, wind speed, water volume, underground pressure)
• Risks from new project development (permits, PPAs, funding, land acquisition, economic conditions, public policy shifts, international relations)
• Risks of power tariffs declining after the initial 10-year adder period
• Interest rate volatility
• Exchange rate volatility
• Loan repayment

Mitigation Strategies

• Third-party expert evaluation of resource availability
• Equipment specifications and close monitoring of production processes
• Early warning system for equipment problems
• Management planning, close monitoring of project progress, and good relations with government agencies
• Diversification of investments in various types of energy
• Closely following interest rate movements and increasing loans with fixed interest rates
• Using natural hedge for forex risks (loans in target country currency)
• Monitoring forex movements and using financial tools to minimize risks
• Stable income streams from PPAs (20-25 years)

Supply Chain Management

Responsible Procurement

• Joint resolve with suppliers in resisting fraud and corrupt practices

Climate-Related Risks & Opportunities

Physical Risks

• Unpredictable weather conditions affecting renewable energy generation

Transition Risks

• Changes in government policies
• Fluctuations in power tariffs

Reporting Standards

Frameworks Used: ASEAN Corporate Governance Scorecard, Thai Financial Reporting Standards (TFRS)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO/IEC 27001:2013

Third-party Assurance: KPMG Phoomchai Audit Ltd.

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)

BCPG's activities align with these SDGs through clean energy production, community development, technological innovation, and climate change mitigation.

Sustainable Products & Innovation

• Digital energy platform
• Solar-powered bus stop signboards
• Solar-powered trash bins

Awards & Recognition

• ESG 100 Company certificate from Thaipat Institute
• Excellence rating in CGR survey
• Awards from International Business Magazine
• Innovative Power Technology of the Year – Thailand from Asian Power

Environmental Metrics

ESG Focus Areas

• Climate Change
• Renewable Energy
• Community Development
• Good Governance
• Human Rights
• Environmental Protection
• Sustainable Development

Environmental Achievements

• Set a net-zero carbon goal by 2030.
• Successfully issued Green Bonds amounting to THB 12 billion.
• Implemented energy efficiency measures in office buildings.
• Expanded its carbon footprint reporting to include Scope 3 emissions.

Social Achievements

• Employed 249 persons from communities near power plants.
• Organized various CSR activities under the "Breath of the World" initiative.
• Launched "BCPG’s Kindness, Never-ending Sharing" project to support those affected by COVID-19.
• Provided training to enhance employees’ knowledge and skills (34 hours/year/head).

Governance Achievements

• Revised corporate governance and compliance practices.
• Revised anti-corruption policy.
• Improved codes of conduct for employees, executives, and directors.
• Established whistleblowing mechanisms.

Climate Goals & Targets

Environmental Challenges

• Changes in government policies.
• Dependence on key customers.
• Fluctuations in exchange rates and interest rates.
• Risks related to delayed project development and construction.
• Risks related to power generation efficiency and stability.
• Dependence on turnkey contractors.
• Climate-related risks.
• Cybersecurity risks and personal data protection.
• COVID-19 pandemic.
• Corruption risks.

Mitigation Strategies

• Closely monitoring policy changes and strengthening relationships with government regulators.
• Expanding overseas renewable energy plants and related businesses.
• Careful planning and collaboration with experienced business partners.
• Regular monitoring of project progress.
• Inspection and maintenance of power plants, using AI technologies.
• Stringent selection process for turnkey contractors.
• Natural hedge risk management approach, using financial instruments.
• Policies and measures to prevent data leakage, complying with ISO 27001.
• Using technology for communication and planning, establishing strict measures to prevent communicable diseases.
• Internal control process, clear disbursement approval procedures, and whistleblowing mechanisms.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Standardized supplier code of conduct.

Climate-Related Risks & Opportunities

Physical Risks

• Seasonal fluctuations
• Natural disasters

Transition Risks

• Changes in government policies and regulations

Opportunities

• Expansion of renewable energy projects
• Development of energy storage technologies

Reporting Standards

Frameworks Used: GRI Sustainability Reporting Standards

Certifications: ISO 9001, ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 7: Affordable and Clean Energy
• Goal 13: Climate Action

BCPG's renewable energy projects contribute to increasing access to clean energy and mitigating climate change.

Sustainable Products & Innovation

• Energy storage systems
• Smart energy software

Awards & Recognition

• Most Innovative Renewable Energy Company of Southeast Asia 2021
• Battery Storage Deal of the Year 2021
• Best Green Energy Efficiency Initiative Thailand 2021
• Innovative Power Technology of the Year Thailand 2021
• Wind Power Project of the Year - Thailand 2021
• ESG100 (4 consecutive years)