Climate Change Data

Nova Organic Public Company Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:2,594.20 tCO2e/year
Scope 1 Emissions:45.91 tCO2e/year
Scope 2 Emissions:489.22 tCO2e/year
Scope 3 Emissions:1,968.77 tCO2e/year

ESG Focus Areas

  • Environment
  • Social
  • Governance

Environmental Achievements

  • Reduced Greenhouse Gas Emission Scope 1, 2 and 3 by 16% from 2022

Social Achievements

  • Social assistance projects totaling 560,000 baht, including supporting charity running activities, cleaning and painting temples, supporting research grants, Kathin at Wang Yen Temple, and supporting Children's Day activities.

Governance Achievements

  • Board self-assessment scores at a very good level (3.63 for the board as a group, 3.46 for individual directors, and 3.10 for the CEO). No significant non-compliance incidents.

Climate Goals & Targets

Environmental Challenges

  • Economic volatility affecting global trading markets and consumer confidence.
  • High marketing expenses compared to income.
  • Inability to immediately follow up with a large customer base.
  • Risks associated with bringing new products to market.
  • Difficulties in recruitment and selection of new employees.
  • Inventory management challenges across multiple warehouses.
  • Business continuity risks related to production disruptions and telesales system.
  • Risks of errors in communications and product advertisements.
  • Risks of errors in collecting personal data.
  • Compliance risks with Food and Drug Administration regulations.
  • Potential influence of major shareholders on shareholder meetings.
Mitigation Strategies
  • Expanding distribution channels (OEM, pharmacies, outbound telesales).
  • Controlling marketing expenses, canceling some media, expanding to online channels.
  • Expanding outbound telesales channels, providing training, outsourcing calls.
  • Conducting market research, providing product samples, consulting with experts.
  • Outsourcing services, increasing salaries and benefits, expanding branches.
  • Internal audits, increasing manpower, building a new warehouse.
  • Developing business interruption plans, preparing for production disruptions, implementing work-from-home policies.
  • Regulatory updates, media control, document checks.
  • Internal audits, cybersecurity measures, training.
  • Studying regulations, internal audits.
  • Transparency in information and management, maintaining good governance standards, stakeholder participation.

Supply Chain Management

Responsible Procurement
  • Supplier must have documents certifying the quality and safety of raw materials (COA, MSDS, GHP, HACCP, ISO 9001, Halal).

Climate-Related Risks & Opportunities

Awards & Recognition

  • Watsons HWB Awards (multiple years)
  • FAST GROWING COMPANY AWARD (Business+)
  • Quality Persons in the food and beverage industry (Foundation of Science and Technology Council of Thailand)
  • Watsons HWB Awards 2022 (best seller health food supplements)
  • Long Term Partnership Award (3C)
  • IPO Partnership Award (3C)
  • Quality of Life Improvement Award (3C)
  • Industry Leadership Award (3C)
  • Performance Award (Pure Chemicals)