Climate Change Data

Ocean Glass Public Company Limited

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Renewable Energy Share:4.5%
Total Energy Consumption:35,086,000 kWh/year

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Reduced electricity consumption by 240,000 kWh by installing and maintaining electrical control equipment.
  • Used glass cullet to replace raw materials by 43%, reducing melting energy by 9%.
  • Installed solar rooftop systems, generating 1,579,509 kWh in 2022 and reducing CO2 emissions by 753,426 kilograms.
  • Treated 70% of total wastewater, reducing tap water consumption by 40% compared to the previous year.
  • Managed 95% of total waste, preventing landfill disposal and increasing by 1.37% YoY.

Social Achievements

  • Implemented Human Rights Policy on August 16, 2019.
  • Organized the 8th year of charity activity, scholarships, and improvement of study areas.
  • Participated in mangrove forest and canal restoration.
  • Provided training and development courses to improve job functional skills, individual capabilities, and enhance the understanding of core values and corporate culture (3.09 hrs./person/year).

Governance Achievements

  • Established Corporate Risk Management Framework.
  • Audit Committee reviews the framework to ensure sufficient risk management processes.
  • Executive Committee is responsible for significant risks impacting the company's goals and strategies.
  • Received CAC Certification from Thailand’s Private Sector Collective Action Coalition against Corruption (CAC) on November 21, 2017.
  • Rated a very good level or 4 symbols in 2022 CGR.

Climate Goals & Targets

Environmental Challenges

  • Increased energy prices and raw material costs.
  • Inflation.
  • Newly issued laws.
  • Climate change.
  • Competition from importing glassware from Europe and China.
  • Cyber-attacks.
  • Fluctuations in energy prices and raw materials.
  • Foreign exchange fluctuations.
  • Changes in interest rates.
  • Liquidity risk.
  • Credit risk.
  • Enforcement of the Personal Data Protection Act.
  • Carbon Border Adjustment Mechanism of the EU.
Mitigation Strategies
  • Prepared risk management plans to reduce impacts on the business.
  • Improved production efficiency to increase competitiveness.
  • Provided system to monitor and prepare action plan in case of disruption of the system from cyber-attacks.
  • Used forward contracts to reduce exposure to currency fluctuations.
  • Focused on energy-saving in every process and reduction of waste from production.
  • Maintained flexibility in funding by keeping committed credit lines available.
  • Determined credit policy and regular review and analysis of customer’s financial status.
  • Established measures to prevent risks related to personal data protection.
  • Implemented carbon footprint assessment project at the corporate level.
  • Installed solar power generation system.

Supply Chain Management

Responsible Procurement
  • Code of conduct
  • Human rights
  • Anti-corruption policy

Climate-Related Risks & Opportunities

Physical Risks
  • Climate change
Transition Risks
  • Carbon Border Adjustment Mechanism of EU

Sustainable Products & Innovation

  • REGO, environmentally friendly personal glassware

Awards & Recognition

  • Design Excellence Award 2020, Thailand
  • Golden Pin Design Award 2020, Taiwan
  • iF Design award 2020, Germany
  • Golden Pin Taiwan 2021