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