Climate Change Data

Muangthai Capital Public Company Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:35,567.05 tonCO2e/year (2023)
Scope 1 Emissions:10,237.92 tonCO2e/year (2023)
Scope 2 Emissions:24,342.43 tonCO2e/year (2023)
Scope 3 Emissions:986.70 tonCO2e/year (2023)
Total Energy Consumption:298,356.59 GJ/year (2023)
Water Consumption:846.94 Megaliters/year (2023)
Waste Generated:791,538.37 kg/year (2023)
Carbon Intensity:Decreasing trend in GHG emissions per outstanding loan balance.

ESG Focus Areas

  • Corporate Governance
  • Risk Management
  • Stakeholder Engagement
  • Human Resource Management
  • Corporate Social Responsibility
  • Environmental Management
  • Climate Change

Environmental Achievements

  • Reduced carbon emissions by implementing various measures (specific figures not clearly stated, but a reduction in intensity is mentioned)
  • Launched a "Solar Cell Loan" program, resulting in a reduction of approximately 170 tons of carbon dioxide emissions

Social Achievements

  • Launched "New Home for Chance" project, building 24 early childhood development centers over 10 years and adding 2 more in 2023
  • Implemented "Blood For Chance" blood donation project, collecting over 21,600 units of blood in 2023
  • Launched "MTC - Money Matters, Sustainable Happiness" financial literacy program
  • Employed 6 disabled people in 2023

Governance Achievements

  • Received the level of Excellent (5 stars) for the 5 consecutive years for the results of corporate governance assessment of listed companies on the Stock Exchange of Thailand in 2023 by the Thai Institute of Directors
  • Rated “very good” with a full score of 100 in the 2023 Annual General Meeting of Shareholders Quality Assessment by Thai Investors Association
  • Certified as a member of Thai Private Sector Collective Action Against Corruption (CAC)
  • Rated "A" on the SET ESG Rating from the Stock Exchange of Thailand for five consecutive years
  • Disclosing information on climate change management within the framework of the Task Force on Climate-Related Financial Disclosures (TCFD)

Climate Goals & Targets

Long-term Goals:
  • Net Zero Emission by 2050
Medium-term Goals:
  • Carbon Neutrality by 2030
Short-term Goals:
  • Reduce GHG emission intensity by 10% compared to the previous year

Environmental Challenges

  • Lack of competent personnel
  • Competition and new competitors
  • Increasing operating expenses and staff expenses
  • Increasing domestic interest rates
  • Disasters
  • Cyber threats and data theft
  • Funds from financial institutions
  • Financial liquidity
  • Robbery
  • Loss of image and reputation
  • Delay in break-even point in some branches
  • Increase in NPL
  • Failure to meet GHG emission targets
  • Carbon tax
Mitigation Strategies
  • Improved recruitment process, employee development programs
  • Improved products and business strategies, branch expansion
  • Annual budget, price surveys, alternative business partners
  • Alternative funding sources, collaboration with financial institutions
  • Business Continuity Plan (BCP)
  • Enhanced data protection systems, employee training, communication with customers
  • Issuing corporate bonds, maintaining healthy D/E ratio
  • Cash flow reports, financial ratio analysis, capital procurement plans
  • Minimizing cash transactions, installing CCTV cameras
  • Online and offline media campaigns to alert customers of potential risks
  • Thorough studies and meticulous planning for new branches
  • Stringent customer checks, selling debts to asset management companies
  • Climate change management pilot project, aligning with global standards
  • Publicity campaigns, monitoring and analysis of resource consumption

Supply Chain Management

Supplier Audits: 100% of Critical Tier 1 suppliers assessed risks according to ESG principles.

Responsible Procurement
  • Code of Conduct for Suppliers
  • ESG considerations in supplier selection

Climate-Related Risks & Opportunities

Physical Risks
  • Disasters, extreme weather
Transition Risks
  • Carbon tax, changing regulations
Opportunities
  • Solar Cell Loans

Reporting Standards

Frameworks Used: GRI, TCFD, UN SDGs

Certifications: Thai Private Sector Collective Action Against Corruption (CAC)

Sustainable Products & Innovation

  • Solar Cell Loans

Awards & Recognition

  • Excellent (5 stars) for corporate governance (Thai Institute of Directors)
  • Very good (100/100) for AGM quality (Thai Investors Association)
  • A rating on SET ESG Rating