Climate Change Data

Environmental Metrics

ESG Focus Areas

• Fair Business Operation
• Anti-Corruption
• Respect on Human Rights
• Fair Employee Treatment
• Responsibility to Customers
• Environment Care
• Co-Development for Community and Society
• Innovation

Environmental Achievements

• The Company realizes on the significance of environmental care in order not to cause pollution problems that may affect life quality of human and ecosystem. The Company then does not perform any acts that affect damage toward natural resources and environmental condition.
• The Company continuously dedicates resources in research and development in order to invent environmentally friendly products and services, and helps in energy saving. The Company’s evaporative air cooler product is one of the proofs for such dedications with energy saving capability of air cooler when compared with air-conditioner; moreover, the Company also accepts to completely advise energy saving.

Social Achievements

• The Company has been certified for international standard of ISO 9001:2008 quality system management as the seal on well care in the Company’s product and service quality.
• The Company employs the disabled to work for the Company as equitable treatment, enabling to create jobs and revenues to such disabled.
• The Company cares for the quality of life of employees; therefore the Company has assessed the workplace health in 2016 and implemented the happy workplace project according to the guidelines for the happy organization by joining the Thai Health promotion Foundation.
• The Company regularly arranges environmental and social benefit activities. For 2016, the Company continued the “CSR-MASTERKOOL Weaving Coolness to Society Project”, having its objective to render the Company’s products for public benefit to various agencies that have confronted with hot weather problem and electricity bill problem of airconditioner.

Governance Achievements

• The Company has concept of moral and transparent business operation concept with emphasis on responsibility toward society and all groups of stakeholders according to good corporate governance as well as policy and practical guideline toward different groups of stakeholders so as to ensure that the Company can build stability and sustainability in business operation and confidence to all parties of stakeholders.
• The Company’s anti-corruption policy covers the prohibition of the Company’s directors, executives and employees to execute or accept all forms of corruption both of direct or indirect.
• The Audit Committee has set guidelines for auditing the internal control system by the third-party auditors to be able to conduct a thorough audit on the key issues of neutrality and independence.

Climate Goals & Targets

Environmental Challenges

• Risk of Increasing Competition
• Risk of Annual Income Fluctuation
• Risk of Reliance on a Major Supplier or a Single Supplier for more than 50% of Total Imported Purchases
• Risk of Counterfeited Products
• Risk of Inventory Damage
• Risk of Fluctuation in the Foreign Exchange Rate

Mitigation Strategies

• The company’s executive has over 14 years of experience in the business, and the company’s perpetual marketing of the “MASTERKOOL” brand has caused it to become widely accepted in the market of open air cooling appliances.
• The company offers cooling systems for large industrial factories, warehouses, and retail outlets in place of air conditions, which use up more electricity by comparison.
• The company regularly assesses the demand for products and plans to produce them in advance.
• The company has prepared a contingency plan to halt production from the single main contractor and employ alternative manufacturers with a similar production ability.
• The company will apply for patents and petty patents over the products that the company invents, designs, and produces
• The company deposited the finished goods in two warehouses, namely from Phanat Nikhom and Pathum Thani, in order to reduce the impact of risk from the aforementioned disasters. In addition, the company has insured inventories to reduce the risk of damage to the goods with a total protection amount of 70 million Baht.
• The company earns a portion of its sales in US Dollars from sales to its overseas distributors.
• The company keeps a close track on the fluctuation of the US Dollar and manages the risk of the exchange rate volatility by primarily using the Foreign Exchange Forward contracts.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• evaporative air cooler

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Economic slowdown affecting consumer purchasing power.
• Drought in the North and floods in central and lower Isaan impacting sales.
• Intense competition in the online market.
• COVID-19 pandemic causing concerns among consumers.

Mitigation Strategies

• Developing new product lines (e.g., household fans, air purifiers) to reduce seasonal revenue fluctuations.
• Expanding corporate and export markets to create more stable revenue streams.
• Implementing cost-control measures.
• Closely monitoring the situation and adapting strategies accordingly.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Drought, floods

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001:2015

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Evaporative air coolers, misting fans, ozone systems.

Awards & Recognition

• PM Award 2008 (Prime Minister’s Export Award)