Climate Change Data

CP Axtra Public Company Limited

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:695,927.52 tCO2e/year (2023)
Scope 1 Emissions:127,514.85 tCO2e/year (2023)
Scope 2 Emissions:568,412.67 tCO2e/year (2023, market based), 649,634.11 tCO2e/year (2023, location based)
Scope 3 Emissions:7,822,410.04 tCO2e/year (2023)
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:1.54 tons of CO2 eq./million THB revenue (2023)

ESG Focus Areas

  • Climate Change

Environmental Achievements

  • Reduced energy consumption: Lotus’s = 63,35,000 kWh, Makro = 162,500 kWh per year through solar cell investment
  • Reduced Scope 1 emissions of 18,562 tons of CO2 equivalent in 2022 through investments in new stores with green refrigerants
  • Reduced energy consumption of 2,000,000 kWh through switching to LED lightbulbs

Social Achievements

  • Not disclosed

Governance Achievements

  • Established Climate Resilience Working Team in June 2022
  • Included climate-related metrics as part of senior executives’ key performance indicators and long-term incentive plan (10-25% of total performance indicators)

Climate Goals & Targets

Long-term Goals:
  • Carbon Neutral for Scope 1 and 2 emissions by 2030
  • Net-zero emissions by 2050
Medium-term Goals:
  • Achieve GHG reduction through improvement in energy efficiency by 45% by 2030
  • Achieve GHG reduction through renewable energy usage by 25% by 2030
  • Achieve GHG reduction through adoption of green refrigerant by 15% by 2030
  • Achieve GHG reduction through adoption of electric vehicles by 5% by 2030
  • Offset remaining GHG emissions via carbon credits (5%) and carbon absorption (5%) by 2030
  • Achieve 20% reduction in water withdrawals per net revenue compared to the 2021 baseline by 2030
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Carbon pricing mechanisms
  • Increasing risk from climate change-related litigation
  • Tightening restrictions on plastic products
  • Market-driven shift toward Green Consumerism
  • Low-carbon logistics
  • Low-carbon refrigerants
  • Increased uptake of renewable energy
  • Higher energy efficiency for buildings and machinery
  • Stakeholder expectations on climate responsibility
  • Extreme heat
  • Riverine floods
  • Extreme rainfall floods
  • Coastal floods
  • Extreme winds and storms
  • Rainfall-induced landslides
  • Water stress and drought
  • Wildfires
Mitigation Strategies
  • Developed a climate strategy framework and action plan
  • Implemented energy efficiency and renewable electricity initiatives
  • Solar panel installation at 642 sites
  • Investments in new stores with green refrigerants
  • Training for internal technical awareness and capacity
  • Switching to electric vehicles
  • Switching to LED lightbulbs
  • Power purchase agreements for renewable electricity
  • Exploring options for electric vehicles and hydrogen-powered trucks
  • Site-level water stress risk assessment
  • Extending water stress risk assessments to critical Tier 1 suppliers
  • Strengthening management and response plans at site level to include a wider range of natural hazards
  • Proactive monitoring of changes in the market based on consumer demand and regulatory landscape
  • Flood prevention and extreme wind management integrated into store development process
  • Business continuity plan (BCP) for flood risk
  • Warehouses/distribution centers built in multiple regions
  • Coordination with suppliers for direct supply to stores
  • Online ordering channel
  • Insurance subscriptions
  • Water efficient/saving technologies
  • Water storage infrastructures
  • Rainwater harvesting
  • Wastewater recycling and reuse
  • Business continuity plan and measures for wildfire
  • Fire protection plan and training

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Sustainable sourcing of raw materials through transparency and traceability

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme heat
  • Riverine floods
  • Extreme rainfall floods
  • Coastal floods
  • Extreme winds and storms
  • Rainfall-induced landslides
  • Water stress and drought
  • Wildfires
Transition Risks
  • Carbon pricing mechanisms
  • Climate change-related litigation
  • Tightening restrictions on plastic products
  • Market-driven shift toward Green Consumerism
  • Low-carbon logistics
  • Low-carbon refrigerants
  • Increased uptake of renewable energy
  • Higher energy efficiency for buildings and machinery
  • Reputation risks related to climate performance
Opportunities
  • Cost savings due to energy efficiency
  • Increased uptake of renewable energy
  • Low-carbon logistics
  • Low-carbon refrigerants
  • Higher energy efficiency for buildings and machinery
  • Improved reputation and access to finance

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Excellence in Energy Management Awards